Aussies shun ATMs to avoid fees
A growing number of Australians are boycotting ATMs to avoid high fees, it has been revealed.
RBA figures show that as a result of the move, customers made six million fewer transactions at "foreign" ATMs in January this year compared to January 2009, the Sunday Telegraph reported.
The research revealed that withdrawals at "own bank" ATMs was up slightly but withdrawals at "other bank" ATMs declined 18 per cent over the year.
Customers using foreign ATMs have been charged a $2 fee since the reforms were introduced.
According to the newspaper, more shoppers are now choosing to withdraw cash when purchasing groceries by using EFTPOS card transactions.
Last week, CommSec analysis of Bureau of Statistics figures revealed that Australians spent a record amount on gyms, golf courses and sports courts last year.
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