Beruflich Dokumente
Kultur Dokumente
Kelsey Wilkins*
The Reserve Bank has conducted a survey on bank fees each year since 1997. The results of the
most recent survey suggest that banks fee income from both households and businesses rose
moderately in 2014, predominantly as a result of balance sheet growth, rather than increases in
fees on loans or deposits. Overall, developments in banks fee income followed similar patterns
to 2013.
Graph1
Overview
The Reserve Banks annual bank fee survey provides
information on the fees earned by banks through
their Australian operations.1 The focus of the survey
is on fee income generated through the provision
of loans, deposit services and payment services.
The 2014 survey included 16 institutions, capturing
almost 90 per cent of the Australian banking sector
by balance sheet size. Fees earned from operations
outside of Australia and other fee income obtained
through funds management and insurance
operations are excluded from the survey. This article
summarises the results from the latest survey,
covering banks financial years ending in 2014.2
In 2014, domestic banking fee income grew by
2.8 per cent, to around $12 billion (Table 1). This
reflected moderate increases in fees paid by both
households and businesses, largely driven by volume
growth rather than increases in unit fees. Deposit
and loan fees as a ratio to outstanding values of
deposits and assets were slightly lower than in the
previous year (Graph1).
Annual growth
15
15
Ratio to assets*
Lending fee income
0.30
0.30
0.15
0.15
Other non-deposit fee income
Ratio to deposits*
0.75
0.75
0.50
0.50
0.25
0.00
2002
*
2006
0.25
2010
0.00
2014
B U L L E TIN | J U N E Q UA R T E R 2 0 1 5
39
BANK I NG FEES I N AU S T RA L I A
2011
2012
2013
2014
Households
Level
Growth
$ million
Per cent
4 069
5.6
4 043
0.6
4 110
1.7
4 171
1.5
Businesses
Level
Growth
$ million
Per cent
6 830
4.8
7 298
6.9
7 525
3.1
7 791
3.5
Total
Level
$ million
10 899
11 341
11 635
11 962
Growth
Per cent
0.7
4.1
2.6
2.8
Source: RBA
Graph2
Households
Banks fee income from households grew by 1.5per
cent in 2014, the second consecutive year of positive
growth after earlier notable declines (Table 2).
Higher fee income reflected growth in credit card
and personal lending fees, whereas fee income from
housing lending and deposit accounts declined
(Graph2).
Fee income from credit cards, which represents the
largest component of fee income from households,
increased by 5.9 per cent in 2014. Growth in fee
income from credit cards was largely volume driven,
relating to an increased number of cards on issue,
as well as a higher frequency of foreign exchange
conversion fees being incurred by customers. Annual
fees charged on credit cards were little changed
in 2014 (Table 3), while income from credit card
exception fees declined for the fifth consecutive year
in 2014 (Graph3). This decline reflected a reduction
in the number of instances of customers exceeding
their credit limit or making late payments.
Total
Housing loans
Deposits
Personal loans
Credit cards
Other
20
20
10
10
-10
-20
-10
2002
Source:
2005
2008
2011
2014
RBA
Loans:
Credit cards
Housing
Personal
Deposits
Other Fees
Total
2012
$ million
2 848
1 309
1 221
317
1 096
99
4 043
Source: RBA
40
R ES ERV E BA NK OF AUS T RA L I A
2013
$ million
2 904
1 337
1 226
341
1 102
104
4 110
2014
$ million
2 972
1 415
1 201
356
1 099
100
4 171
Annual
growth
2014
Per cent
2.3
5.9
2.1
4.3
0.3
3.5
1.5
Average
annual growth
200713
Per cent
2.0
2.1
2.2
1.4
9.1
2.9
1.9
-20
B AN K IN G F E E S IN AU STR AL IA
2012
2013
2014
Change
2014
Per cent
Average annual
change 200713
Per cent
55
29
80
246
55
29
80
236
54
29
80
236
2.2
0.0
0.0
0.0
2.3
0.0
0.0
0.4
1.8
1.8
1.9
1.9
1.9
1.9
3.3
3.3
6.6
4.5
2.9
14
10
2.9
14
8
3.0
14
5
4.3
0.0
33.3
2.7
13.1
20.6
(a) Simple average fees for cards with interest-free periods issued by major banks on core products, except for the annual fee on
low-rate cards, which is based on a wider sample of banks; note that changes in the sample affect the average fee; as at June
(b) Includes fees for membership in rewards program where charged separately
(c) Most banks charge the greater of a flat fee or a percentage of the cash advance
Sources: Credit Card Issuers Websites; RBA
Graph3
Total
Deposits
Housing loans
Personal loans
Credit cards
20
20
-20
-20
-40
-40
-60
2009
Source:
2010
2011
2012
2013
2014
-60
RBA
Businesses
Total fee income from businesses increased by
3.5 per cent in 2014 (Table 4). The increase in fee
income was evident for both large and small
businesses (Graph4).
B U L L E TIN | J U N E Q UA R T E R 2 0 1 5
41
BANK I NG FEES I N AU S T RA L I A
Graph4
Graph5
Total
Small business
Large business
30
%
30
20
20
10
10
-10
1998
2002
Source:
2006
2010
-10
2014
RBA
Contribution by product
Total
Deposits
15
Deposit accounts
of which: exception fees
Loans
of which: exception fees
Merchant service fees
Bank bills
Other
Total
of which: exception fees
Source: RBA
42
R ES ERV E BA NK OF AUS T RA L I A
2013
$ million
603
42
3 243
38
2 238
231
1 225
7 525
80
15
10
-5
-5
-10
2002
2005
2008
2011
2014
RBA
Bills
Other
10
Source:
Business loans
Merchant
2014
$ million
590
41
3 334
40
2 427
210
1 231
7 791
82
Annual
growth 2014
Per cent
2.2
1.1
2.8
6.5
8.4
9.2
0.5
3.5
2.5
Average annual
growth 200713
Per cent
5.3
na
11.7
na
5.4
21.2
9.4
7.3
na
-10