The Commonwealth Bank has unveiled major changes to one of its main everyday account offerings, which will see customers charged $3 to withdraw their own money.

I hope this inspires a massive migration off CBA and a rollback of the policy. Because if it doesn’t, the other banks will be sure to follow.

  • ZagorathEnglish
    1·
    7 days ago

    Not no fees, but typically no fees for normal use. Most have international transaction fees. Some have fees for things like cheques (which are almost never used in Australia typically), either merely to have a cheque book or for expedited processing. Things like that. But it’s quite rare to have a fee just to have your account; that’s something mostly only the big 4 still do. They make enough profit off of loaning out your money for interest anyway.