MEa culpa

ME says sorry.

You may have seen that ME Bank recently made changes to one of their older home loan products, resulting in some of customers having their redraw limit reduced. The bank say these were adjusted to protect some customers from the risk of redrawing too much money, putting them behind their repayment schedule.

ME Bank has since apologised in newspapers all over Australia for the lack of communication.

For any customer who would like to change back their redraw limit they can do it at mebank.com.au/changebackredraw or by calling 1300 654 997

Read the bank’s full apology here.