ATM fees costing hundreds

first_imgFees of about $2.50 are common for withdrawing cash from your bank account at an ATM not owned by your own bank. Every now and again it won’t send you broke, but if you are using a foreign ATM two or three times a week, you could be paying over $300 each year. Avoid this type of charge by sticking to ATMs owned by your own bank or take cash out when you pay for purchases with EFTPOS. You can also make fee-free withdrawals via EFTPOS at Coles and Woolworths and there is no need to make a purchase. The latest bank fee survey from the Reserve Bank shows bank fee income earned from households fell from $5.2 billion in 2009 to $4.1 billion in 2012. Source: Facebook Twitter: @NeosKosmos Instagramlast_img

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