Statement from Anna Bligh, Australian Bankers’ Association Chief Executive:

“The ABA welcomes the announcement from the major banks today to abolish ATM fees."

“It’s a boon for customers and makes banking more affordable for everyday Australians."

“This is the latest in a suite of initiatives by banks to create better products and services for customers and boost customer choice, including reducing interest rates on credit cards and offering fee-free transaction accounts."

“A competitive banking system is good for customers and good for the sector.”

Re-disseminated by The Asian Banker