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AAP
AAP
National
Zac de Silva

Big bank boss takes swipe at surcharge ban consequences

The bosses of Australia's biggest banks are facing a parliamentary committee in Canberra. (Mick Tsikas/AAP PHOTOS)

The head of Australia's largest bank backs a push to save consumers more than $1 billion a year by scrapping credit and debit card surcharges, but thinks the proposal goes too far.

The Reserve Bank is reviewing the nation's payment system and has suggested removing surcharges on eftpos, Mastercard and Visa cards.

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