Bankwest is the latest bank to scrap fees for customers who use a rival banks’ ATM.

Bankwest, a subsidiary of Commonwealth Bank of Australia, said the decision was made as a result of a “comprehensive review” after the Reserve Bank of Australia’s (RBA) new fee regime came into effect earlier this month.

Under the new regime, an ATM owner can charge a customer directly for the use of the machine but must disclose the fee prior to the transaction.

All the major banks have since put an end to so called `foreign ATM’ fees, with National Australia Bank the last to do so earlier today.

Bankwest head of retail strategy and products Selina Duncalf said Bankwest customers would no longer be charged for using another banks’ ATMs.

“Bankwest is committed to remaining highly competitive across all areas of our business, and that includes ATM fees,” Ms Duncalf said.

AAP