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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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 remove the A$2 (S$2.16) fee for all users of its 3,400 branded automated teller machines (ATMs) across the country. Westpac Banking Corp and National Australia Bank Ltd followed hours later, while Australia & New Zealand Banking Group Ltd said that it would halt the charge from early October.
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