ATM Direct Charging - NAB Fee Structure

Tuesday, 3 March 2009

In response to the industry reforms and following an extensive review, NAB has restructured ATM usage fees across its entire ATM network.

From today, 3 March 2009, transactions performed at NAB ATMs by customers of other institutions will incur a direct charge of $1.50 for cash withdrawals and cash advances and a $0.50 direct charge for balance enquiries. NAB has applied a lower direct charge amount to balance enquiries in reflection of the reduced processing and cash transportation costs of this non-cash transaction.

The direct charges are visible on-screen before conducting a transaction and apply uniformly, without variation, across the entire NAB ATM network.

Warren Shaw, Regional General Manager, NAB Retail Banking, said: "It is clear from today's new ATM fee structures across the industry that NAB continues to demonstrate its commitment to balanced pricing decisions. We are pleased to be leading the major banks with the most competitive ATM Direct Charge pricing.”

NAB’s ATM usage fee structure clearly reflects the principles of the industry reforms, providing greater transparency and choice whilst remaining affordable for all consumers using NAB ATMs.

NAB’s ATM usage fees are under constant review to ensure that they remain competitive at all times.

For further information:

Media Contact: Anthony Wheaton NAB Corporate Affairs M: 0448 818 528

* The information contained in this media release is for media advice purposes only. The contents are true and correct at time of publishing/issuing, however may change over time. For further information about NAB products or rates, please go to Interest Rates, Fees & Charges