AAP General News (Australia)
02-20-2009
Fed: ATM users will no longer be stung by hidden charges
CANBERRA, Feb 20 AAP - The nation's central bank chief has warned retail banks against
imposing fees on their customers who use a competitor's ATM.
The actual cost of processing "foreign" transactions was less than 10 cents each, Reserve
Bank of Australian (RBA) Governor Glenn Stevens told a parliamentary committee.
Under new arrangements, soon to be introduced, an ATM owner will be able to charge
a fee provided they disclose the amount prior to the transaction.
"Use of another bank's ATMs will presumably attract a fee by that other …
No comments:
Post a Comment