THE island’s two largest commercial banks have announced new and increased fees that will take effect between January and March 2022, including automated teller machines (ATMs) charges and other fees, drawing the ire of St Catherine Southern Member of Parliament Fitz Jackson.

Since the start of 2022, NCB has introduced a charge to customers withdrawing from its automated banking machines. Before, NCB customers could do withdrawals at proprietary banking machines for free. Now they will be charged $30.95 for every withdrawal.

 

Account checks via the company’s proprietary ATM network will remain free; however, using non-NCB ATMs (Multilink) for withdrawals will cost the bank’s customers $60. Balance enquiries will cost $25 each after the first four for the month. Using international ATMs for withdrawal via the bank’s Visa debit card will attract a fee of $500.00 per transaction.

https://www.jamaicaobserver.com/business-report-daily-biz/bank-fees-hike_241703?profile=1056