All Big 4 Banks Scrap ATM Charges


All Big 4 Banks Scrap ATM Charges Image: NAB Twitter

NAB are the fourth of the big banks to announce they are ending ATM service charges.

Commonwealth, ANZ and Westpac had all recently made the announcement that they were scrapping the $2 fee. 

Now all ATM withdrawals from these major banks will not charge people holding accounts with rival banks.

It is estimated that this will save consumers around $500 million a year. 

This change applies to all ATM's nationally. 

Commonwealth Bank were the trailblazers by abolishing the fee, which has turned out to be a massive win for consumers.