Fee Free Banking Deals
Last week marked a rare victory for bank customers with Australia’s big four banks declaring they will no longer charge fees for ATM withdrawals.
About time – you say? We hear you.
According to the RBA, Aussies made 250 million ATM withdrawals from banks other than their own last year. It’s estimated that the big four’s decision will result in a saving for
customers of around $100 million a year.
While the removal of ATM costs will mean a savings, Treasurer Scott Morrison says fees on late credit card payments and other bank charges also need to go.
Recent figures reveal that the collective interest Australians pay on credit card debt each month is in the vicinity of $374 million. However, there are some banking products on the market with NO fees if you look around.
We asked Mozo for the top fee-free products currently available. You can read the full list here
