‘Worst Christmas Present’: Commonwealth Bank Criticised for Charging for Cash Withdrawals

Assistant Treasurer Stephen Jones has called on the bank to reverse the decision.

ATM machines are seen outside a branch of the Commonwealth Bank in Melbourne, Australia, on Aug. 8, 2018. William West/AFP via Getty Images

Australia’s assistant treasurer has put pressure on the country’s largest bank after it announced it would begin charging customers a $3 fee for withdrawing cash.

The Commonwealth Bank’s (CBA) new policy applies to over the counter requests, agencies (via Australia Post), and phone banking. However, the bank said the policy it would not apply to “many ATMs across Australia.”