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The Forum > General Discussion > RBA Warns Banks on Card Surcharges

RBA Warns Banks on Card Surcharges

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TTb
Absolute gripe that means nothing of substance at all. Those that dislike a new system are grossly outdated and have things to hide.
You want to go for an international plane flight to get a heads up of changes for the better.
Go to a bank and send 20$ overseas and it will cost you 30$ + your 20$ investment.
Go to Western union and it costs nothing. because your cash never leaves AU.
Posted by Riely, Wednesday, 13 March 2024 6:08:40 PM
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Eye watering ignorance.
Posted by ttbn, Wednesday, 13 March 2024 6:22:53 PM
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The big four banks have closed 460 branches around the country over the last three years. They are also removing ATM'S, 60% of which have just disappeared, unmentioned, and unknown, until regular users have found a blank wall where the ATM used to be.

While banks and governments bang on about fewer and fewer cash transactions, have they ever been asked if the switch to online banking occurred before the branches and ATMs disappeared, or was it after those events. Or, did the scare-mongering about “dirty” banknotes during the Big Scare, Covid, have something to do with it.

If you can find an ATM these days it will cost you $3 to get your money; if the banks and credit unions won't provide the service from their massive profits, we can't expect the private providers to do it for nothing.
Posted by ttbn, Thursday, 14 March 2024 10:23:37 AM
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Dear Ttbn,

Yes, we are certainly under siege.

Lucky for us, we now do not have that long to live in this world as it become worse and worse. I pity the younger generations.

As for ATM fees, many still support particular banks without charge, so by reading their list and keeping accounts in different banks I can still withdraw for free, but yes, it's best to plan ahead and keep more money at home.
Posted by Yuyutsu, Thursday, 14 March 2024 11:06:25 AM
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Yuyutsu

Yes. I'm glad my life is ending, not starting. I don't share your concern for younger generations,though. They will reap what they sow, and they would rather sneer at us than learn from us.
Posted by ttbn, Thursday, 14 March 2024 1:44:55 PM
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YouGov research conducted in February 2024 showed that the often crowed 'acceptance' of a cashless society is not all that straightforward, with baby boomers, regional dwellers and lower-income earners "extremely concerned" about the threat.

Current digital payments are not secure; private information is being stolen, and card fees and surcharges are "ridiculous".
Posted by ttbn, Saturday, 23 March 2024 10:06:49 AM
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