Friday, April 07, 2006

Innovation in Hidden Charges - The Sequel

Not surprisingly, it appears that every major metro newspaper in Australia, bar two, picked up on yesterday's story about banks charging fees for incorrectly entered PIN numbers at ATMs.

The Auststralian Bankers Association are now saying that no banks charge such fees, although The Age newspaper reports today (Business section, p2) that "some credit unions charge the fees, but at variable rates".

It seems that the information on these fees was supplied to the Australian Consumers Association by a research house, and all four of the major banks say "...there were errors in the information they had given..."

Wasn't the 1st of April last week?

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