Have you had to pay overdraft penalty fees? Are they fair?

Westpac New Zealand looks likely to follow the BNZ in cutting unpopular but lucrative penalty fees after its Australian parent said yesterday it was slashing its own "exception fees".

Australia's Westpac Banking Corporation will cut exception fees, which cover overdrawn account fees, outward dishonour fees, missed credit card payment fees and over-the-limit fees on credit cards and personal and business accounts, to A$9 ($11) from current levels of up to A$45.

Have you had to pay overdraft penalty fees? Are they fair? Here is the latest selection of Your Views: