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Update · 11:26 am AEST · 5 September 2026

Commonwealth Bank and Westpac continue to charge pre-2012 overlimit fees

Commonwealth Bank and Westpac continue to charge pre-2012 overlimit fees
Photograph: The Age

Commonwealth Bank and Westpac are continuing to charge $15 overlimit fees to long-term credit card customers despite the practice being banned for new accounts in June 2012.

The Gillard-era reforms outlawed default overlimit fees for accounts opened after mid-2012, but allowed banks to continue charging them to established customers who haven't opted out, according to The Age.

How a legal loophole lets CBA and Westpac charge their most loyal customers more NAB has removed fees for customers who go over credit card limits, while ANZ has sharply curbed their use, but the other two big banks have not. theage.com.au
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