Banks not all bad

The Australian Bankers’ Association (ABA) has responded to the results of a recent report conducted by Cannex which claims that banks – compared to non bank institutions – charge higher fees in general. ABA’s chief executive claims the Cannex report is misleading, obscuring the fact that banks do not charge fees on some student, children and pensioner accounts.

‘ABA hits back at report on increases in bank fees’, John Breusch, The Australian Financial Review, 27/04/00, p 32.