Council commends bank move to decrease ATM fees

Consumer Council of Fiji CEO Seema Shandil. Picture: SUPPLIED

THE Consumer Council of Fiji has commended the move by Bank of South Pacific to decrease its ATM Interbank fees.

In a statement, CCF chief executive Seema Shandil said: “There is nothing like paying an out-of-network fee to access cash that is already yours especially when you are a non-customer.”

The Council is particularly pleased with the fact that BSP took heed of the higher costs that consumers have been paying over the years as non-customers and took a step in initiating this move so that consumers can enjoy cheaper ATM withdrawal charges, should they use a BSP ATM.

According to CCF, at present, three banks have an ATM Interbank Agreement with BSP, which includes Westpac, ANZ and Bank of Baroda.

Effective February 01, 2019, customers from these three banks are charged only $0.50 for withdrawals and $0.20 for balance inquiries.

The charges have decreased from $1.50 and $0.60, respectively.

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