Bank customers will no longer pay ATM fees


atmmANZ is the third big bank to dump ATM charges for all Australians today following in the footsteps of CBA and Westpac.

Just minutes after Westpac revealed it was dumping the charge, ANZ has announced it too is ditching fees.

The banking giant announced it would remove the $2 charge for non-ANZ customers using any of their 2300 machines in early October.

ANZ’s group executive Fred Ohlsson said the bank knows the charges is “most unpopular.”

“This is another example of acting on customer feedback as well as genuine reform from the industry,’’ he said.

Following in the footsteps of the nation’s largest bank, the Commonwealth Bank, Westpac revealed it will permanently ditch the $2 charge for all Australians using any ATM in their network which has more than 2900 machines.

The change will also apply for banking customers using St George, Bank of Melbourne and BankSA machines — they will not pay a fee to access cash.

The bank’s group executive of consumer, George Frazis, said they want all Australians to use their ATMs without being stung.

“This will make it more convenient for millions of Australians to conveniently obtain cash, with no additional fees. It will particularly assist Australians in rural and regional areas,’’ he said in a statement.

“We understand that the ‘foreign ATM’ fee has been deeply unpopular with consumers.”

The change will be implemented in the coming weeks.