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Heavy penalties are on the table for banks caught lying and taking fees for...

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Another week of hearings of the Financial Services Royal Commission has seen financial services company AMP admitting it mislead the Australian Securities and Investment Commission (ASIC) on 20 occasions.

CommBank, Westpac & ANZ drop ATM fees

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The Commonwealth Bank (CBA) this morning announced it would remove automatic teller machine (ATM) fees for 'foreign bank' transactions using their ATM network. Westpac quickly followed suit, announcing at 2pm today (Sunday, September 24) announcing it too would remove 'foreign bank' fees.