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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

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.


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...

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