NewsBite

Bank fees

Advertisement
Surcharges are increasingly being added for card payments – but Australia’s biggest bank wants them scrapped.

Qantas, Virgin warn of higher prices if card surcharges banned

The airline duopoly has defended card surcharges, saying they give customers choice and keep prices low.

  • Millie Muroi

Latest

Commonwealth Bank’s group executive for retail banking services, Angus Sullivan.

CBA caves in to pressure over plan to charge $3 for branch withdrawals

Facing a backlash, the bank has paused a move that would have led to about 50,000 extra customers charged for withdrawing cash from branches.

  • Sumeyya Ilanbey, Millie Muroi and Clancy Yeates

Australians illegally charged billions of dollars in merchant fees by federal government

Millions of small fees amounting to billions of dollars have been charged for two decades, dating back to the Howard government era.

  • Chris O'Keefe
The federal government says it’s prepared to ban debit card surcharges from 2026, subject to consultation being led by the RBA.

Why those pesky card surcharges are no longer doing their job

Extra fees for paying on a card have annoyed consumers for years. Now there’s a compelling case for making significant changes to the surcharging regime.

  • Clancy Yeates
The government estimates that major banks and card providers netted a whopping $4 billion in the past year from Australians, all thanks to surcharges.

Card surcharges are costing us billions, but can they be avoided?

The government estimates that major banks and card providers netted a whopping $4 billion in the past year from Australians, all thanks to surcharges.

  • Victoria Devine

Old habits are hard to kick for banks. They’re behaving badly – again

Six years after the royal commission, there are signs of a re-emergence of poor behaviour. At the very least this looks like conduct slippage.

  • Elizabeth Knight
Advertisement
Commonwealth Bank failed to apply fee waivers to groups of customers including pensioners, full-time students, and people with package deals.

CBA sued for overcharging customers $55 million in account fees

The corporate watchdog says the bank wrongly charged customers including pensioners, full-time students, recently-arrived migrants, and people with a home loan package deal.

  • Clancy Yeates
AMP staff brace for job cuts across the company.

AMP customers sold risky products after ratings blunder

AMP is compensating customers after investment products were mislabelled on a digital platform used by its aligned advisers.

  • Charlotte Grieve
ANZ faces a fresh legal fight with the corporate watchdog.

ANZ Bank faces fresh legal fight as ASIC takes it to court over fees

The watchdog claims bank charged a transaction fee 1.3 million times despite receiving advice that this may have been illegal.

  • Clancy Yeates
ANZ has agreed to settle a small part of the class action against it over bank fees.

ANZ Bank settles fee claim for $1.5m

ANZ Bank has agreed to settle a legal claim over a type of bank fee for $1.5 million, conceding a small win to an otherwise unsuccessful class action against the lender over its fees.

  • Clancy Yeates

Original URL: https://www.theage.com.au/topic/bank-fees-hpi