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.

Financial Services Minister Stephen Jones has told the Commonwealth Bank to rethink a move that means a group of customers will face a $3 fee for withdrawing cash from branches.

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 has paused its controversial $3 “assisted withdrawal” fee and vowed to spend six months consulting customers who would be affected.

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 of Australia is facing backlash after it revealed it would charge customers $3 for taking out money at a branch, post office or by phone. The change comes into effect on January 6, however,