Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - AU
The Guardian - AU
World
Jonathan Barrett and Amanda Meade

Commonwealth Bank $3 cash withdrawal fee ‘a kick in the guts’, assistant treasurer says

Commonwealth Bank of Australia branch exterior
The Commonwealth Bank of Australia will introduce a $3 cash withdrawal fee for customers with ‘complete access’ accounts. Photograph: Joel Carrett/AAP

Commonwealth Bank will start charging customers using one of its popular transaction accounts a $3 fee for accessing money from a branch, drawing an angry response in a period marked by robust bank profits and a cost-of-living crunch.

Australia’s biggest bank announced that customers with a legacy “complete access” account would be shifted into a different product from 6 January, with a withdrawal fee “when you take money out at a branch, post office or by phone”.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.