I think its something like 70% of cba's new customers are...

I think its something like 70% of cba's new customers are introduced by mortgage brokers. Which is pretty pathetic really.

So this is a good way for cba to maybe attract customers and get in on some of that transactional revenue and cross selling their other products when the people come in to the branches.

Then again, they'll probably increase the fees on their monthly bank accounts to make up on it - so instead of say $4 p/m its now $5 pm

But I know in the past before i was a 'valued customer' we swapped banks for the no fees thing. Then again that was 15 years ago