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Banking Fees in Australia

Author

Listed:
  • Reserve Bank of Australia

    (Reserve Bank of Australia)

Abstract

The Reserve Bank has conducted a survey on bank fees each year since 1997. In 2009 growth in fee income increased slightly from recent years though it was again slower than growth in banks’ balance sheets. Growth in fee income was higher for businesses than for households. Banks reacted to the financial crisis by competing more aggressively for deposit funding which resulted in total fee income from deposit accounts falling, and repricing loan products which contributed to an increase in fee income from lending.

Suggested Citation

  • Reserve Bank of Australia, 2010. "Banking Fees in Australia," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 31-35, June.
    • Handle: RePEc:rba:rbabul:jun2010-05
    as

    Download full text from publisher

    File URL: https://www.rba.gov.au/publications/bulletin/2010/jun/pdf/bu-0610-5.pdf
    Download Restriction: no
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    Cited by:

    1. Holton, Sarah & Kelly, Jane & Lydon, Reamonn & Monks, Allen & O'Donnell, Nuala, 2013. "The Impact of the Financial Crisis on Banks' Net Interest Margins," Economic Letters 01/EL/13, Central Bank of Ireland.

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