05.Concession account penalties
Basic and concession account penalties at May 2008
| |
Basic/concession account and credit card penalties |
| Bank (in alphabetical order) |
Periodic payment dishonour ($) |
Direct debit dishonour ($) |
Overdrawn account ($) |
Cheque dishonour (outward) ($) |
Deposited cheque dishonour ($) |
Stop cheque ($)* |
Credit card late payment ($) |
Credit card over limit ($) |
| ANZ |
10 |
10 |
10 |
10 |
0 |
15 |
10 |
10 |
| Commonwealth |
35 |
35 |
30 (A) |
35 |
0 |
15 |
25 |
25 |
| National Australia |
0 |
0 |
0 |
0 |
0 |
15 |
30 |
0 |
| St George |
8 |
8 |
8 |
8 |
0 |
8 / 15 (B) |
35 |
30 |
| Westpac |
10 |
10 |
10 (A) |
10 |
0 |
12 |
15 |
0 |
| |
Source: the banks, May 2008.
* The fee usually depends on circumstances. There’s often no fee if the cheque is lost, stolen or unsigned and you provide the cheque number, for example.
(A) Charged per day, not per item.
(B) $15 for staff-assisted request; $8 to stop a cheque through phone or internet banking.
'Fair go on fees' is a joint campaign by Consumer Action Law Centre and CHOICE to end unfair bank penalty fees.