National Australia Bank customers seeking to reclaim "unfairly charged" exception fees have to register today.
The company managing a series of class actions on behalf of bank customers, Financial Redress, says today is the deadline for those seeking to reclaim "potentially millions of dollars in unfairly charged exception fees".
Financial Redress managing director James Middleweek yesterday said any NAB customer who believed they had been hit by excessive exception fees in the past should complete the registration process on www.financialredress.com.au by 4pm Australian Eastern Daylight Time today so as not to miss out on possible compensation.
NAB exception fees were on average about A$30 ($31.87) before the bank reduced or eliminated them altogether in 2010.
More than 40,000 NAB customers have so far joined the NAB class action, which is part of a wider group of legal actions relating to exception fees launched against eight of the major banks in Australia.