Disloyalty Fees
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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. [...]
ATM Fee Tracker in the media plus a correction
Wow, what a day! After John Rolfe at the Daily Telegraph in Sydney picked up on our post about variable ATM fees that have the potential to exploit patrons of drinking establishments, we have spent the day being pursued by a number of media outlets. Since then we have had radio spots on 2SM with Leon Delaney, [...]
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 [...]
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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