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Commonwealth Bank, NAB, ANZ, Westpac ditch ATM withdrawal fees

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NAB, ANZ and Westpac follow Commonwealth Bank's lead and axed ATM withdrawal fees. The latest move by Australia's big banks can save customers hundreds of millions of dollars.

All of the biggest banks in the country have decided to no longer charge customers of other banks a $2 fee to withdraw cash from their ATMs. Commonwealth Bank was the first on Sunday to announce about its decision to remove the fee and cited consumer unhappiness.

Commonwealth Bank’s group executive of retail banking services Matt Comyn said they think the change will benefit many Aussies. He said the bank hopes the move would........

© International Business Times