Australians Hit With $1 Billion of Debit, Credit Card Fees Each Year, But Is It Justified?

Australians are paying almost a billion dollars a year in bank transaction fees, as the RBA considers submissions from stakeholders.

An EFTPOS machine being used with a smart watch. AAP Image/Supplied by Tyro

News Analysis

Millions of Australians use their bank cards for multiple transactions every day, often unaware of the hidden transaction fees that fly under the radar.