NAB retains foreign ATM fee

So-called foreign ATM fees charged by banks may live on even as "reform" of the charging arrangements for the automatic teller machine sector kicks in from early March. National Australia Bank wrote to customers this week to advise that from 3 March the bank will apply a charge of 50 cents for each cash withdrawal or balance inquiry they make from an ATM owned by another bank. From March ATM owners, whether owned by banks or an independent operator, will charge what is being called a convenience fee. This is likely to be around $2 a transaction and consistent with the current level of "foreign" ATM fees that banks now charge.

Source: Courier Mail

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