Monday 25 September 2017

NZ call for banks to cut ATM fees after Aussie banks drop theirs

Manawatu man Lewin Dickson wants to know when his bank is going to follow Australia's lead and cut the fee it charges for customers using other banks' ATMs.

The Commonwealth Bank of Australia was the first to change, making an announcement on Sunday that it would axe the A$2 ($2.20) fee that applied to any user who was not using a CommBank key card.

Westpac, ANZ and National Australian Bank followed suit later in the day.

All four banks cited the unpopularity of the fee with consumers, who were forking out A$500 million a year for withdrawing their own cash.

from
http://www.stuff.co.nz/business/97235127/NZ-call-for-banks-to-cut-ATM-fees-after-Aussie-banks-drop-theirs

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