Australia’s Biggest Bank to Charge Customers to Withdraw Own Money — Striving Towards Cashless Society?
The Commonwealth Bank has announced major changes to its everyday account offerings, with customers holding a “Complete Access” account being switched to the “Smart Access” account beginning January 6, 2025.
As part of the transition, customers will face a $3 AUD fee for withdrawals made at bank branches, post offices, or by phone.
The bank, which is Australia’s largest, defended the move as part of its commitment to providing the best banking experiences.
