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First Option to abolish rediATM fees

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On 24 September 2017, Comm Bank announced the removal of ATM direct charges to non-Comm Bank clients (including First Option Members) that use the Comm Bank ATM network.

Westpac, ANZ and nab quickly followed by dropping their ATM direct charge fees.

What about rediATM fees?

Many years ago, First Option signed up to the rediATM network. This gave Members greater access to direct-charge free ATMs, including nab ATMs. However, the banks’ decision to remove their ATM charges will allow First Option to exit this network.

As a result, First Option will abolish its rediATM fees from 1 June 2018.

Where should I go now?

At this time, the best option for Members and First Option is to use an ATM owned by the following banks, as they have no direct charge fee.

  • ANZ
  • Comm Bank
  • Westpac

Then from 1 June 2018, all Members will be able to use nab ATMs without paying a rediATM fee, regardless of their combined minimum monthly balance at First Option.

This is great news for all Members.

More Information

View our Fees and Charges Schedule