Australia News

Commonwealth Bank Triples Fees for Depositing Cash

New fees to target business customers
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Commonwealth Bank Triples Fees for Depositing Cash
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
Monica O’Shea
|Updated:
0:00

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.

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Monica O’Shea
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]
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