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Australia's four largest banks scrap cash withdrawal charges

Moves come days after govt announces draft legislation to hold banks to heightened standards of behaviour

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Australians made more than 250 million withdrawals from the ATMs of banks other than their own last year. Removing charges for such transactions could save customers A$500 million a year.

Sydney

AUSTRALIA'S four largest banks have scrapped cash withdrawal charges for all users, as the banking industry tries to salvage its reputation after a series of scandals.

Commonwealth Bank of Australia, the nation's biggest lender, said on Sunday that it would immediately...

sentifi.com

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