St George
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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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