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NAB and Bankwest dump disloyalty fee.

Global Banking News-12 March 2009-NAB and Bankwest dump disloyalty fee(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 12 March 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

National Australia Bank (AX: NAB) (OTC: NABZY) and Bankwest, a unit of Commonwealth Bank of Australia (CBA) (ASX: CBA), have discarded their disloyalty fee for using rival ATMs.

NAB, which was the only major bank to levy a charge on its customers for using a 'foreign' ATM until today, has decided to shelve the AUD0.50 charge. According to a report by Herald Sun, Bankwest also decided to dump their fee following NAB's decision.

Westpac Banking Corporation (AX: WBC) and St George Bank (AX: SGB) have also stopped levying a AUD0.25 fee following complaints from enraged customers.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Mar 12, 2009
Words:154
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