Reforms no cap to ATM fees

By John Collett
Updated August 3 2014 - 10:13am, first published July 22 2014 - 1:17pm
 
 
Watch the cost: Using another bank's ATM could cost you. Photo: Michael Clayton-Jones
Watch the cost: Using another bank's ATM could cost you. Photo: Michael Clayton-Jones

Despite the Reserve Bank’s “direct charge” reforms of 2009, designed to rein in ATM fees, consumers are still paying more than $500 million in fees each year.