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Commonwealth Bank backflips on $3 withdrawal fee
Commonwealth Bank reverses plan to charge cash withdrawal fees following widespread backlash
After announcing a controversial plan to charge customers a fee to access their own cash, Commonwealth Bank has backflipped on the decision following fierce backlash.
Commonwealth Bank backflips on 'greedy' $3 withdrawal charge that had basically everyone furious
The Commonwealth Bank (ASX:CBA) has nearly immediately rescinded plans to charge its banking customers $3 to withdraw their own money at branches or the post office after a groundswell of outrage across the country.
Commonwealth Bank Backflips On Its Plan To Charge Customers $3 For Assisted Withdrawals
We feel we didn’t get the communication right on this, so we’ve paused, and we want to take a different approach.”
Biggest Australian Bank Nixes Plan to Charge for Cash Withdrawals
Commonwealth Bank of Australia scrapped plans to charge customers a fee to withdraw cash at branches and on the phone within a day of announcing a policy that drew criticism from the government.
Commonwealth Bank pauses plans to charge customers $3 fee to withdraw cash
Australia's biggest bank has paused its plans to charge customers a $3 fee to withdraw their own money at bank branches around the country, a day after it was announced.
Commonwealth Bank’s ‘change in approach’ on new $3 withdrawal fee
The Commonwealth Bank will “change its approach” after its plan to charge some customers $3 to withdraw cash from a branch sparked national fury.
Commonwealth Bank retracts controversial account fee plan
The Commonwealth Bank has backed down from a controversial plan to move some customers to an account charging a $3 fee to withdraw cash at its branches. The development comes after Treasurer Jim Chalmers intervened,
Commonwealth Bank unveils account changes that will charge customers $3 'withdrawal fee'
Some Commonwealth Bank customers who withdraw cash at branches or post offices will soon be charged $3 for the privilege, after the bank announced it was migrating a legacy everyday account to a newer offering.
CBA caves in to pressure over plan to charge $3 for branch withdrawals
Facing a backlash, the bank has paused a move that would have led to about 50,000 extra customers charged for withdrawing cash from branches.
Seeking Alpha
10h
Commonwealth Bank Of Australia: 27 Times Earnings Is Too Much
The
Commonwealth
Bank
of Australia (CBA) is trading at a high P/E ratio of 27, significantly higher than its peers, which ...
3d
Commonwealth Bank executive defends $3 fee for some customers, says cash handling is ‘expensive’
Ally Langdon took a CommBank executive to task on Tuesday night over the bank’s controversial decision to charge customers to ...
3d
Commonwealth Bank announces pause on $3 withdrawal fee move after widespread anger from customers and politicians
The Commonwealth Bank of Australia has been forced to backflip on its decision to charge customers a fee to withdraw cash ...
Monitordaily
15h
First Commonwealth Promotes Metzmaier to EVP, Chief Risk Officer
First Commonwealth Bank promoted deputy chief risk and chief compliance officer Linda Metzmaier to executive vice president, chief risk officer, effective Jan. 1, 2025.
Indiana Gazette
1d
Promotion, shuffle announced at First Commonwealth Bank
In what was described as a move to respond to growth and further develop its legal and risk leadership teams, Indiana’s First ...
Hosted on MSN
23h
Big brokers warn of “generational” overvaluations in ANZ, Commonwealth Bank, NAB and Westpac
Commonwealth Bank of Australia (ASX: CBA), National Australia Bank (ASX: NAB), and Westpac Banking Corporation (ASX: WBC) are ...
3d
on MSN
Government urges Commonwealth Bank to 'reconsider' $3 withdrawal fee
The federal government is urging the bank to reconsider the move saying it is the 'last thing' Australians need in the lead ...
yourlifechoices.com.au
2d
What’s fair in the fight to keep bank branches open and access to cash alive?
Lee Smales, The University of Western Australia On Tuesday, Commonwealth Bank announced it was planning to move customers ...
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