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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
