Bendigo Bank
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It’s official, no NAB disloyalty fee
We have finally gotten confirmation that the NAB will not charge a disloyalty fee. Media reports also indicate any disloyalty fees charged by the NAB since the 3rd March 2009 will be refunded to their customers.
This leaves the last bank standing with a disloyalty fee as Adelaide Bank. We have asked Adelaide bank if they will [...]
Bendigo Bank disloyalty fee dropped
As of today (16th March 2009), Bendigo Bank has released a supplement the their schedule of fees document to indicate the previous $0.10 disloyalty fee for using a foreign-ATM is now NIL. However Adelaide Bank, who are part of the same commercial group and had the same disloyalty fee policy, have not added the same amendment. [...]
NAB, Bank West drop disloyalty fees
According to John Rolfe at the Daily Telegraph, both the NAB and Bank West have dropped the disloyalty fee for their customers using foreign ATMs. We have asked both banks to confirm this is the case, as their websites’ bank fees information still show a charge to their customers (for most accounts) to use a foreign ATM. [...]
Westpac Bank drops ATM disloyalty fee
Westpac bank, the most profitble bank in the world, has now decided to take a profit hit by doing a complete back-flip on their ATM disloyalty fee. The disloyalty fee for Westpac customer’s using a foreign ATM, which we reported Westpac had moved from $2.00 earlier in the week to $0.25, is now NIL. So Westpac customer’s [...]
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 [...]
RBA hits out at ‘Double-Whammy’ fees
Nicola Berkovic reported in the Australian on 21st Feb, 2008 that Reserve Bank Governor Glenn Stevens is putting pressure on the banks to scrap their ‘disloyalty fees’ which will cost you even more for the use of a foreign ATM. Berkovic reported that 4 of the 5 big Australian banks will be charging their own fee [...]
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