Westpac cash advance fee

June 4 2009, 5:08pm

Last night I went to transfer $800 from my Westpac savings account to my Westpac Mastercard account. Using electronic banking I accidentally did it the wrong way round, and transferred from Mastercard to the savings account. I immediately moved the money back again to the correct account. Today I saw that Westpac charged me $16.06 for a cash advance from the credit card. What a rip-off! I suppose I could ring the bank and try my luck at getting it reversed, and if time permits I’ll do that tomorrow. However, the cash advance fee should not be that high for an electronic transfer. There’s no way it could cost the bank that much.