ATM Fees
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redi Not So Steady
After several months we were bound to find an ATM provider breaking away from their initial direct charge fee structures once they saw the lie of the land. It appears that that first ATM provider to alter their direct charged fees is rediATM.
Before I go on, it is worth noting that rediATM is not one ATM provider, but [...]
When is a fee-free transaction not fee-free?
We received the following emails, the first 20th March and the second on 3rd April which we found very interesting and thought should be shared.
Email 1 – 20 March, 2009
I have recently checked my bank statement and have found that I have been charged $2.00 for a withdrawal at the local workers club. I bank with Westpac, [...]
$4.80 withdrawal at Commbank in Adelaide
Choice Magazine’s website is also running an ATM Watch page (hey, we are all for competition!), and today we saw that one of their users has again identified an unusually high ATM fee…
I withdrew cash from a commonwealth bank ATM Prospect road, Kilburn SA at 11.30 pm and the fee was $4.80 . This is not [...]
Commsec approach somewhat unusual
One reader has alerted us to a somewhat unusual approach by Commsec to ATM direct charged fees. Commsec, a subsidiary of CBA, offers customers a cash account of which customers will be charged no ATM operator fee directly. Instead it appears Commsec picks up the tab for the ATM operators fee, and then charges the customer [...]
Bundanoon, NSW - $5.25 ATM Fee
There is an unconfirmed report on Choice that an ATM in either the bottle shop or newsagency is direct charging $5.25. Looking at a map, Bundanoon may be a little off the Hume Hwy just a couple of hours south of Sydney, but it is hardly off the beaten track. What chould possibly justify a fee [...]
ATM Direct Charging - 1st Day Wrap Up
Now that we have seen out the first day of ATM Direct Charging it’s time to review the wash-up. By the end of the day, we were able to visit ATMs from most of the banks and many of the independent operators plus we received additional or confirmation data from other sources (thanks for the [...]
The start of a new era for ATM fees?
It has just ticked over to the 3rd March 2008 so I assume that means you will see a message on the screen of ‘foreign-ATMs’ in Australia to indicate how much you will be charged for your transaction. So far, ATM Fee Tracker has only been able to confirm with 3 banks what they will charge [...]
Seriously, What’s It Going to Cost?
Over the past week we have been trying to get information from the banks and ATM providers on the Direct Fees they will be charging ATM users who are not customers of their institution. We have also been attempting to get information about the so-called ‘Disloyalty Fees’ banks may charge their own customers for using other institutions’ [...]
iCASH To Cash In For Pubs and Clubs
It’s 11:30PM on Friday night and you’re in a nightclub or down the pub with your mates. “It’s your round”, says one of the boys. You only have $15 left in your pocket (it’s been a big night). You walk up to the ATM next to the ciggy machine and proceed to ask for $50 [...]
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