Tag: Bank Fees

Rises in credit and debit card interchange fees will create income of $1.23 billion for banks this financial year and doesn’t reflect the level of service the providers deliver, leading independent EFTPOS provider Tyro to urge businesses to consider alternative options.

Banking reforms may be on the way with draft legislation coming before Parliament within a matter of weeks, though the banking sector says the consultation period has not been long enough.

Families in Australia are paying more than $200 a month in bank fees/charges, according to research from the Australia Institute.