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Cash advance fees up to $20

12/04/2010

Fees on cash advances on credit cards are not displayed on the ATM screen like foreign ATM fees, leaving customers in the dark about how much they are being charged to access cash via their credit card.

Cash advance fees can be as much as $10 - $20 because they are a percentage of the amount being withdrawn. Of the major banks, only NAB said they were investigating the issue of displaying the fees on the screen at the ATM. Australians make more than two million cash advances each month.

Source: Herald Sun



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