Comment on Commonwealth Bank to charge customers $3 'withdrawal fee' to access their own cash
dan@upvote.au 1 month ago
I moved away from CommBank once they started charging me a monthly fee while I was still a teenager. Convinced my whole family to switch to NAB. I hope NAB don’t follow suit.
lud@lemm.ee 1 month ago
Huh, my bank is free until IIRC you are 25. You get a simple account with a debit card and a simple savings account (pretty sure you can make however many accounts you feel like for free after that). You also get access to the instant money transfer tool that everyone in my country uses (no fees whatsoever to use it either)
Zagorath@aussie.zone 1 month ago
Most banks in Australia are completely free too. It’s only a couple of the biggest and shittiest banks (like Commbank) that have fees for regular use.
lud@lemm.ee 1 month ago
My bank is one of the biggest in my country. They charge a flat rate of like 10-20 € a year normally (+ some extra fees for specific stuff like paying in foreign currencies) which I think is pretty reasonable.
Are the smaller banks in Australia completely free for all ages and with no fees?
Zagorath@aussie.zone 1 month 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.