Bendigo and Adelaide Bank will certainly be presenting a brand-new cost for consumers that intend to carry out non-prescription solutions when they go to a branch. From November 1, the greater than 2.4 million consumers that have accounts with Australia’s “most trusted” financial institution will certainly be billed $2.50 if they go to a branch and withdraw their cash.
A representative for the financial institution informed Yahoo Finance that this relocation is being generated due to the fact that the financial system is “evolving” as electronic settlements end up being a lot more prominent. They included that financial institution team will certainly prepare to address any kind of inquiries regarding the adjustment.
“Bendigo Bank is introducing some changes to its fees and charges in order to meet the evolving needs of our customers and deliver on our vision to be Australiaâs bank of choice,” they clarified.
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“We will be introducing a staff-assisted service fee of $2.50 for cash withdrawals completed over the counter in our branches.
“In acknowledging that some consumers might sustain a rise in costs, our staff member are waiting to assist with alternate choices and we urge those consumers to speak to us.”
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To offset this new charge, Bendigo has revealed that it will be changing other fees and charges.
The $6 per month service fee for Bendigo Everyday Account holders will be scrapped, and the $4 transaction fee for services conducted at the Post Office will be lowered to $2.50.
Concession Card holders can continue to make withdrawals, deposits and balance enquiries free of charge at our branches or Bank@Post as normal.
Bendigo explained to Yahoo Finance that these changes will ” usually cause a web decrease in costs paid by our consumers”.
Even though the bank is trying to offset the damage with the new fee, customers are raging.
Many have taken to social media to rip into Bendigo and Adelaide for slapping on a charge to get their own money, with one going as far as calling it ” unf ** kingAustralia n”.
“That’s daytime burglary. It’s my f ** king cash,” wrote an enraged customer.
“It is disgraceful they are billing $2.50 to withdraw our very own cash. This will certainly impact the senior that count on having the ability to really feel risk-free withdrawing their cash in a financial institution and really speaking to a human. $2.50 can indicate a container of milk or some fruit for lots of people having a hard time. I am so dissatisfied in Bendigo financial institution for this straight-out greed,” stated one more.
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