Commonwealth Bank Triples Fees for Depositing Cash
New fees to target business customers
People queue for ATM machines outside a branch of the Commonwealth Bank in Melbourne on August 8, 2018. - Australia's biggest bank, the Commonwealth, posted a slide in annual profits on August 8, capping a tumultuous year for a troubled lender which has been rocked by scandals and board upheaval. (Photo by William WEST / AFP) Photo by WILLIAM WEST/AFP via Getty Images
Commonwealth Bank of Australia (CBA) has come under fire for more than tripling the fee for business owners depositing cash into their accounts.
Customers holding a business transaction account will have to pay a $10 fee for depositing a quick cash bag, up from $3.
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
