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Friday, May 22, 2026
Home Latest News Commonwealth Bank withdraws withdrawal fee plan

Commonwealth Bank withdraws withdrawal fee plan

After announcing changes including migrating customers to a new account from 2025 that would see them charged with a $3 fee to withdraw cash from their own accounts, Commonwealth Bank has put its plans on pause. Head of retail banking services, Angus Sullivan, apologised on behalf of the bank for not better communicating the changes, and said the decision would be paused for six months while the bank speaks with affected customers about their needs and discuss their options.

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