Fees

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Fees for Banking Services 2015 report
18 Jun 2015
The Australian Bankers' Association's 2015 fees report shows that the growth in total fees for banking services remains low, especially when compared to the growth in banking activity. Over the past six years fees from transaction accounts have halved while transaction volumes have increased by 50 per cent. Households are also paying the lowest amount of fees on their home loans in six years, despite the strong activity in the housing market.
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Bank Fee Income - 2014
12 Aug 2014
Bank Fee Income - 2014
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Fees for Banking Services 2013 report
20 Jun 2013
This report was prepared by the Australian Bankers’ Association (ABA) and analyses the data on fees for banks’ services. Bank fees paid by households have fallen by $1.12 billion or 22 per cent over the past three years, taking total fees paid by households to the lowest level for seven years. These falls have significantly reduced the cost of banking at a time when many other household expenses are going up. This year, fees paid by households fell 0.3%, saving households $13 million.
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Fees for Banking Services 2011 Report
1 Jun 2011
This report was prepared by the Australian Bankers’ Association (ABA) which analyses the data on fees for banks’ services. The report shows households are paying less for banking because banks have cut fees. The data shows banks cut $835 million of fee revenue from households in 2010, reducing the cost of banking.
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Exposure Draft National Consumer Credit Protection Amendment Regulations 2001
28 Feb 2011
The Australian Bankers’ Association (ABA) provided this submission to Treasury regarding the ban on exit fees. The ABA has always argued that these fees represent legitimate costs. The impact of not being to recover those costs will fall proportionately more heavily on smaller lenders than larger ones.
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Mortgage Early Exit Fees Consultation Paper 135 (CP 135)
2 Aug 2010
The Australian Bankers’ Association (ABA) has provided this submission to the Australian Securities and Investments Commission on the Mortgage Exit Fees Consultation paper 135 (CP135). The ABA’s response on CP 135 notes that there are both legal and market competition factors that the ABA believes should be taken into account.
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Fees for Banking Services 2010 Report
1 Jun 2010
This report prepared by the Australian Bankers’ Association (ABA) showed the average fees paid for banking services by households were virtually unchanged from the previous year, despite customers using banking services more often. It analyses bank service fee revenue that is submitted by the banks for the Reserve Bank of Australia annual fees survey. The reference period for the collection of the RBA survey data is 2008-09.
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Fees for Banking Services 2009 Report
1 May 2009
This report has been prepared by the Australian Bankers’ Association. It analyses bank service fee revenue that is submitted by the banks for the Reserve Bank of Australia annual fees survey. The reference period for the collection of the RBA survey data is the 12 months to the end of June 2008.
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Fees for Banking Services 2008 Report
1 May 2008
This report has been prepared by the Australian Bankers’ Association. It analyses the banks’ data which is submitted for the annual Banking Fees survey which has been conducted by the Reserve Bank of Australia since 1997.
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Fees for Banking Services 2007 Report
1 May 2007
This report outlines recent trends in fees for banking services in Australia and discusses the economic impact on bank customers. The average price of banking services in Australia continues to fall, according to the report by Macquarie University Professor Kim Hawtrey.

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