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Pressure of impending Bank Royal Commission continues to reap dividends for public

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$2 ATM fees remain as Swan squibs bank reform: Bandt

Adam Bandt 25 May 2012

Treasurer Swan has squibbed it on ATM reform and high fees will remain, Greens Deputy Leader and banking spokesperson Adam Bandt MP said today.

While the government action on ATMs in remote indigenous is welcome and long overdue, the government should have scrapped fees for balance inquiries and capped ATM withdrawal fees at their real cost, Mr Bandt said.

"The Treasurer has been sitting on these reports for months and now has squibbed it on real ATM fee reform", Mr Bandt said.

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