In Reply to: ATM withdrawals posted by Baldie on Monday, 23. February 2009 at 10:34 Bali Time:
The new fee disclosure at Australian ATM's due to be in effect from March 3 is likely to be no different to what Australian users currently pay. ie
if you bank with CBA and go to a Westpac ATM to withdraw funds you will copp a "foreign ATM fee". This simply means you are not using a CBA machine, (not that its an 'offshore' machine). The fee will be charged to your account immediately rather than at the end of the month. Hopefully this new awareness will remind users to draw money from their own bank m,achines or take cash out with EFTPOS transactions.
If you bank with CBA and withdraw AU$ from a CBA branded ATM you wont cop the foreign fees.
If you go abroad and draw funds from an ATM in that country there is currenly no changes planned for Australian bank fees