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End of Tap Fees: Aussies Set to Save $1.6 Billion After Surcharge Ban

The change is expected to return an estimated $1.6 billion a year to Australians as banks and merchants lose the ability to charge tap fees.

Summary by The Canberra Times
RBA bans card surcharges from October 1. Save money on daily taps, but watch out for rising annual credit card fees and reduced reward perks.

4 Articles

The Canberra TimesThe Canberra Times
+2 Reposted by 2 other sources
Lean Left

End of tap fees: Aussies set to save $1.6 billion after surcharge ban

RBA bans card surcharges from October 1. Save money on daily taps, but watch out for rising annual credit card fees and reduced reward perks.

·Canberra, Australia
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Inside Small BusinessInside Small Business

Looming card surcharge ban prompts call for businesses to prepare

The looming ban on card surcharge payments, taking effect on October 1, is prompting calls for businesses to act before feeling a financial impact.

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  • 100% of the sources lean Left
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Inside Small Business broke the news on Monday, September 7, 2026.
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