posted on Oct, 26 2011 @ 06:49 AM
Yep, we in Oz are charged fees for just about every aspect of bank & credit union services and have been for years. The credit unions might allow you
to use their ATM 4 times a month for withdrawals but after that you get charged $1-2 every time and not to mention actually dealing with a teller
(charge applies). Using another institution's ATM because the usual one is out of service can see you paying up to $3 extra fee but they do now
nicely warn you that there'll be that extra fee before you hit the 'enter' button so you can decide whether to drive 10km or more to get to the
next nearest 'correct' ATM (some choice).
Apply for a loan and of course there's an application fee, pay the loan off early and there's a penalty to compensate for their lost interest. Pay
off your mortgage and there's an exit fee etc etc - no escaping the fees. Basicly just deposit $100 in a standard account and leave it untouched,
it'll be gone in under 10 years in account-keeping fees and even quicker if you ever visit a teller to get a balance statement (service fees).
Overdrawn cheque account, fee. Dishonoured cheque as a result of being overdrawn, fee. Stopping a cheque eg. because you realise there's
insufficient funds to cover it, fee. Getting a cheque cleared faster the normal 6 working days, fee.
However as stated earlier, have a large account or even a large mortgage and most banks here will waive most of their fees because they're making a
heap from your assets already. They would appear to hate small account holders and penalise them accordingly.