The Greens will seek to legislate against banks charging exorbitant fees to customers for withdrawing their own money.
“The cost-of-living is smashing people across the country, with households struggling to cover basics like food and bills,” Greens Economic Justice Spokesperson Senator Nick McKim said.
“The last thing they need is another expense when they’re just trying to take out money to pay for their weekly grocery shop.”
“The government cannot let banks price-gouge customers. People shouldn’t pay for the privilege of accessing their own money.“
“The Big Four banks just posted collective profits of more than $30 billion. This is greed at an unprecedented scale.”
“The Greens will seek to overrule this when Parliament returns.”