Commonwealth Bank quickly ‘pauses’ cash withdrawal fee

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.
Commonwealth Bank quickly ‘pauses’ cash withdrawal fee after public backlash
After significant backlash, the Commonwealth Bank has decided to 'pause' changes it announced only yesterday that would see some customers hit with a cash withdrawal fee. The bank admits it communicated the decision poorly,
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 'kick in the guts' $3 withdrawal fee plans
Less than 24 hours after an announcement that was met with criticism from politicians, the bank will pause the change for an estimated 100,000 customers for at least six months.
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.
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.
Why CBA should be embarrassed for charging for cash withdrawals
Australia’s biggest bank has found out the hard way how quickly a simple and largely benign change to transaction accounts can become a debacle.
No one has come out of CBA’s cash blunder looking good
The bank’s fee mess is an uncharacteristic stuff-up. But it’s also a missed opportunity to have proper debate about technology, economic growth and equity.
CBA’s major move on controversial cash fee
A proposed $3 fee on cash withdrawals from Commonwealth Bank branches for some customers has been paused in response to national fury.
CBA caves 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.
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 ...
Market Index News on MSN2h
ANZ, Commonwealth Bank, NAB and Westpac have had a monster 2024. Can it continue?
We investigate ASX bank sector returns in 2024 to try to determine just how good they’ve been, and ponder what investors ...
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 ...
What’s fair in the fight to keep bank branches open and access to cash alive?
Letting the banks charge their own extra fees might be a non-starter. The government has some other ideas, including a cash ...
Commonwealth Bank defends 'modest' fee to access money amid 'cash killer' controversy: 'Kick in the guts'
Angus Sullivan believes the charge represents the cost of doing business, but many customers have said they're leaving the ...
Ally Langdon exposes major problem with Commonwealth Bank
Allison Langdon has unleashed at the Commonwealth Bank for not fully eliminating the $3 withdrawal fee, which already applies ...
Commonwealth Bank Gains Substantial Stake in Australian Clinical Labs
Australian Clinical Labs Ltd (AU:ACL) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks ...
The eye-watering legal bill Commonwealth Bank wants to claw back from the long-running Raine Square row
Commonwealth Bank has dragged Westgem Investments’ litigation financier to court demanding it cover the legal bill left ...