[LINK] Banks charging for internet banking

[Chirgwin, Richard]

> Right now it's only business accounts.  

Not according to the NAB Website which tells us that Internet transaction
history, funds transfer, multiple funds transfer and BPay on personal
accounts are all subject to 20c per transaction fee.
http://www.national.com.au/Internet_Banking/0,,13474,00.html

Presumably the banks will start telling us how mobile phone transactions are
better, more convenient, more secure; while using the fee structure to shape
behaviour (cheaper than the Internet!!), so that one day we can be hit with
20c per transaction "to serve you better".

Richard C

> -----Original Message-----
> From: Jan Whitaker [mailto:jwhit at melbpc.org.au] 
> Sent: Friday, April 23, 2004 8:54 AM
> To: link at anu.edu.au
> Subject: [LINK] Banks charging for internet banking
> 
> 
> Just listening to NAB respond to a new charge for processing multiple 
> payments on the internet banking system;  $.20/transaction 
> plus any debit 
> cost against the account.  Right now it's only business 
> accounts.  The rep 
> is saying the customer should sit down with their 'personal 
> banker' to 
> decide which is the best method to meet their needs.  It is 
> being suggested 
> that if you are really big, you can negotiate, but small 
> businesses won't 
> have a chance.  The guy really has the company line down.
> 
> Jan
> 
> JLWhitaker Associates
> Melbourne, Victoria, Australia
> jwhit at melbpc.org.au  --  
> http://member.melbpc.org.au/> ~jwhit/whitentr.htm
> _ __________________ _
> 
> 
> 
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