Fed up with big fees

A survey conducted by news.com.au reports that of the 1,366 people interviewed 44 per cent had been hit by overdraft or dishonour fees on their transaction account. 64 per cent of the people who had been charged fees said they wanted to close their account while around half had asked for the fees to be refunded. Some said that enough is enough with one in ten people charged fees closing their account while a further 11 per cent simply stopped using the account.