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AAP
AAP
Business
Tara Cosoleto

THE TRUTH ABOUT: Comm bank defends deposit fee hike for businesses - Caught on Camera

Commonwealth Bank is jacking up fees for small businesses making cash deposits. (Morgan Sette/AAP PHOTOS)

The Commonwealth Bank has defended its decision to hike deposit fees for small businesses, citing rising cash handling costs.

From October 1, the fee for each individual cash deposit will increase from $3 per payment to $10 per payment.

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