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Banks to charge for ATM balance checks

Discussion in 'General Discussion Forum' started by Berkeley_Eagle, Mar 3, 2009.

  1. Berkeley_Eagle

    Berkeley_Eagle Current Status: 24/7 Manly Fan 2016 Tipping Competitor

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    Banks to charge for ATM balance checks


    http://news.ninemsn.com.au/national/...balance-checks



    ATM customers are set to have their accounts raided by a new range of fees to be introduced by the big banks next month.
    Bank customers who use the automatic tellers can now be hit with a $2.50 charge for simply checking their balance — which means a double fee of at least $5 if they also make a cash withdrawal.
    Westpac, ANZ, NAB and St George are also set to introduce "disloyalty" fees to target customers who use rival ATMs.
    Not only will the user be hit with a service fee by the ATM owner, but their own bank will slug also them for using another company's machine.
    The NAB will charge 50c for such a transaction, while the other banks are still deciding on a figure, reports claim.
    The Commonwealth Bank has not yet decided whether to follow suit.
    "This system punishes the careful customer who checks their balance to make sure they do not incur penalty fees," the Daily Telegraph reported Choice spokeswoman Elissa Freeman as saying.
    "It flies in the face of everything we have been told over the years - the idea of paying to check that you have enough money is absurd.''
    Reports of the new selection of ATM fees come after all five of the big banks made $1 million donations to the Victorian Bushfires Appeal.
     
  2. Canteen Worker

    Canteen Worker Well-Known Member 2016 Tipping Competitor

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    Totally outrageous - banks are bastards. They have my money and charge me to check it. Time we got upset about the continual rorting and finding extra ways to slug the unsuspecting consumer!!!
     
  3. Guest

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    Strange for the Commonwealth bank not to be a leader when introducing new fees. 
     
  4. clontaago

    clontaago Well-Known Member

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    It's because I have recently become a CBA customer Tookey.

    They are very worried that I will close my account and withdraw my $3.75
     
  5. Guest

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    It's because I have recently become a CBA customer Tookey.

    They are very worried that I will close my account and withdraw my $3.75
    [/quote]

    Don't worry Clon a bank fee will soon take care of that credit balance in your account.
     
  6. clontaago

    clontaago Well-Known Member

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    Yep, just checked my balance and now I owe the bank $5!!
     
  7. The Wheel

    The Wheel Well-Known Member

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    This is an Reserve Bank initiative forced on the industry you bunch of morons.  Use your own Bank's ATM and you don't pay a cent
     
  8. Guest

    Guest Guest

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    The Bank has sent a letter of demand to you today and if you don't pay the outstanding debt within 24 hours before you receive the letter then they make you watch countless hours of the latest DVD - Norths greatest ever losses.  

    Be warned it is a long and painful DVD and not for the fainthearted.
     
  9. Guest

    Guest Guest

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    Thanks Ralph. 

    Has the Bank ever considered using you as a replacement for Brian Fitzgerald as the Bank's PR spokesperson?  I didn't think so.
     

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