Andrew Wheatley

Look, that's why I say that Australians need to stop marrying banks and start dating them.

It's a really good analogy because the relationship we have with banks is unlike any other relationship we'd normally have in any other part of our life.

When we get in a relationship with someone, it's because we share the same goals.

But when you get into a relationship with a bank, they have the exact opposite goal of you.

You want as much of your money every month to go off your mortgage payment, and they want as much of your money every month to go in interest into their profits because that's

That's their job.

They've got shareholders.

They need to make a profit.

The first one is just the time it takes to compare banks.

We're pretty conditioned to think that, well, if all the banks suck, what does it really matter?

I'll just ring up my bank, see if they'll drop my rate a little bit and I'll just take whatever they give me.

And that usually works, except a few months later, they put the rate up and you're back exactly where you started.

So being able to compare banks and figure out which one is the best for you takes time and it can be a real pain.

One of the other ones is just moving banks.

For most people have thought of moving banks, setting up all your bank accounts again.

It's like going to the dentist.

You just don't want to do it.

Easy solution to that is you don't need to move all your banking when you move banks.

You're just picking up your mortgage, auction off to the highest bidder, move all your savings into the new offset account, leave your bank account where it is, let your pay go where it is, all your direct debits can stay where they are.

What would you say?