Powered by MOMENTUM MEDIA
subscribe to our newsletter
Regional bank follows majors in scrapping ATM fees

Regional bank follows majors in scrapping ATM fees

One of Australia’s largest non-major lenders has decided to remove fees so that no customer pays an ATM fee anywhere in Australia.

Suncorp’s decision comes after CBA, ANZ, NAB and Westpac announced on Sunday (24 September) that ATM withdrawal fees will no longer be charged.

Suncorp executive general manager – deposits & investments Bruce Rush said that the change will deliver greater value to all banking customers while increasing the availability of fee-free ATMs across the country.

“Suncorp supports fee-free ATMs and we will implement this change in early December to coincide with other positive changes, including updating technology and enhancing customer experience which is already planned for our ATM network,” Mr Rush said.

“It is great to see all Australians benefit, and we are especially pleased for Suncorp customers who live in locations where there are limited options to withdraw cash.”

RBA data shows that Australians made more than 250 million ATM withdrawals from banks other than their own last year.

[Related: Big four scrap ATM fees]

Regional bank follows majors in scrapping ATM fees
mortgagebusiness

Latest News

Pricing for mortgages is “opaque” and the cost and effort needed to search for discounts is “unnecessarily high”, the ACCC’s Resid...

The downward trend in home loan approvals reversed in October, but the spike is set to be short-lived, according to analysts. ...

The Customer-Owned Banking Association has welcomed the Coalition government’s joint party-room approval of legislation designed to reduc...

FROM THE WEB
podcast

LATEST PODCAST: Changing faces and bank growth slowdown

Is enough being done to ensure responsible lending?