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flag Australian banks to refund over $93M to low-income customers hit by high fees.

flag Australian banks will refund over $93 million to low-income customers charged high fees, affecting over a million people and saving $50 million annually. flag The ASIC's report found that at least two million low-income Australians relying on Centrelink payments had high-fee accounts. flag Four major banks have refunded over $33 million, but ASIC Chair Joe Longo says further action is needed to prevent similar issues.

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