St George follows the Big Banks reduces Exception Fees

Posted on September 11, 2009, 2:15 am, by admin, under Mortgage News.

Following the recent announcements from NAB and Westpac, St.George/BankSA will be reducing a broad range of account exception fees to $9, effective 1 October 2009.
The fee reductions will apply across consumer and business deposit accounts, residential loans, credit cards and personal loans.

For Home Loans, the following fees will be changing:

Residential (LIS) Loans
Exception Fee Fee amount (until 30 September 2009) New fee amount (from 1 October 2009)

Payment dishonour fee                              $15                           $9

Arrears letter fee                                          $50                          $9
Portfolio Loans (including Business Umbrella Investment Loan)
Payment dishonour fee $15 $9
Payment honour fee $38 $9
Arrears letter fee $50 $9
Periodical payment dishonour fee $45 $9
Outward cheque dishonour fee $45 $9
Direct debit dishonour fee $45 $9
Residential (LIS) Loans
Exception Fee Fee amount (until 30 September 2009) New fee amount (from 1 October 2009)
Payment dishonour fee $15 $9
Arrears letter fee $50 $9
Portfolio Loans (including Business Umbrella Investment Loan)

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