We have been advised by BankLink that there are changes to their pricing schedule.
This increase took effect from the 1st April 2014.
This will have a direct impact on your BankLink fee. Unfortunately we are unable to absorb this increase. As you are aware this is a third party charge which we directly pass on to you. There is no added increase by us.
The increase covers a number of charges. The biggest impact will be on transaction charges which increased from 5.57 cents to 6.33 cents per transaction. On average, this represents an increase of $2 - $3 per account per month.
In an effort to reduce your costs you may like you consider reducing the number of transactions or bank accounts you have on BankLink.
We still consider that this is a cost effective package in comparison with similar products on the market.
Please do not hesitate to us contact if you would like further information or to discuss this further.
Patrick, Marina, Helen and Mieke.