Australia’s Big 4 Banks (ANZ, CBA, NAB, and Westpac) have all announced they will end ‘non-customer‘ ATM withdrawal fees.
This means if you bank with one of the Big 4 Banks and withdraw cash from one of the other Big 4 Banks ATMs you will no longer be hit with a $2 withdrawal fee.
This is great news for Australian’s and will provide welcome savings! This is especially true for regional Australian’s who might not have access to as many ATM choices to withdraw their cash.
Be careful though… Private ATM owners will still be charging withdrawal fees. These are the small ATMs regularly placed in pubs, clubs, and convenience stores, including the Bankwest ATMs located at 7-Eleven stores.
The Commonwealth Bank (CBA) was the first bank to announce they were getting rid of the $2 fee for, per withdrawal, by non- customers.
The other three banks quickly followed with their own announcements about removing the fee.
It’s worth noting that some of the smaller banks & lenders were already refunding their customers if they incurred non-customer ATM withdrawal fees.
According to Reserve Bank (RBA) data, there were more than 250 million withdrawals across all Australian banks by non-customers last financial year. Australian financial institutions made $500 million from non-customer withdrawal fees during that period.
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Tim has been an exceptional saviour for us at a most stressful time - acting as our broker organising bridging finance when our property buyer backed out at the 11th hour. As we had never borrowed before and are elderly this was a most alarming experience for us. However Tim’s calm and competent handling of our problem was greatly appreciated - especially given the fact that he was not given a great deal of time to accomplish this.
Tim Sheridan is an exceptionally helpful and competent young man who appears to have a great wealth of financial expertise. We feel he is eminently commendable for his work in his field of endeavour.
Mittie and Paris Osborne
Tim Sheridan is an exceptionally helpful and competent young man who appears to have a great wealth of financial expertise. We feel he is eminently commendable for his work in his field of endeavour.
Mittie and Paris Osborne
Great professional service from Tim who acted as our mortgage broker for refinancing and investment purposes. Tim is very approachable and patient and is never flustered in what are often hectic times when purchasing property. We will continue to recommend his services to anyone who is looking at refinancing or needs a new loan. Thank you Tim!
As accountants, PrincipleFocus have worked with York Finance and Tim Sheridan on a number of client projects. The collaboration is one of trust. We have found Tim reliable, knowledgable and innovative such that, when it came to our own business expansion finance, Tim was our first call.
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We have used Tim at York Finance for both commercial and residential property financing. On every occasion Tim has gone above and beyond to ensure we are have been provided with the best possible financing options in each scenario. I can not recommend Tim at York Finance highly enough for both your commercial and residential property financing needs.
Tim was a great support in buying our house. He was knowledgeable and ensured we got the best deal for our situation
Tim was very professional and clear at guiding us to make our own decisions. He outlined options backed with research, communicated with banks efficiently, assisted in establishing our positions in detailed terms and we locked in with a finance solution very quickly.
He is also a patient man with a friendly attitude - follows up on bank progress on our behalf, answers our questions thoroughly, we felt very well-looked after by Tim throughout the whole process.
He is also a patient man with a friendly attitude - follows up on bank progress on our behalf, answers our questions thoroughly, we felt very well-looked after by Tim throughout the whole process.
Tim from York Finance did a fantastic job.
My wife and I recently purchased a home in Sydney during a very competitive time in the market. To do this we needed a great team with a great broker - and Tim really fulfilled this role. He continually looked for new options and made the process of finding the right finance product much easier for us. There were many twists and turns in our process and Tim was always on top of it.
He made sure we understood everything that was going on, and he prompt in meeting deadlines.
I would happily recommend him.
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Tom and Felicia
My wife and I recently purchased a home in Sydney during a very competitive time in the market. To do this we needed a great team with a great broker - and Tim really fulfilled this role. He continually looked for new options and made the process of finding the right finance product much easier for us. There were many twists and turns in our process and Tim was always on top of it.
He made sure we understood everything that was going on, and he prompt in meeting deadlines.
I would happily recommend him.
Thanks Tim
Tom and Felicia
York Finance has help us to stream line our business and in doing so secure LARGE contracts now without the stress of cash flow. Tim was very friendly and is always available to answer and questions or concerns.
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I’m an absolute novice when it comes to personal finance so to have Tim walk me through a lot of the process and explain the risks and other things associated with the decisions I had to make was an invaluable learning experience for me.
When I experienced a reasonably big hiccup in the settlement of my house, Tim was working behind the scenes to make sure everything went as smoothly as possible. I can’t thank him enough for the measured approach he brought to a situation that had me somewhat panicked.
Matthew Norton
When I experienced a reasonably big hiccup in the settlement of my house, Tim was working behind the scenes to make sure everything went as smoothly as possible. I can’t thank him enough for the measured approach he brought to a situation that had me somewhat panicked.
Matthew Norton