BANKS are issuing assurances that they have introduced products which will allow customers to save on fees.

Scotiabank has also delayed planned fee increases for six months, while Jamaica National Bank indicates that fees that were implemented from 2020 still function to guide customer behaviour under pandemic conditions and further monies collected have been used to help in the vaccination drive.

 

JN also said it has also “invested in tools and technology to enable persons to access services remotely and conveniently”.

 

Scotiabank, for its part, announced on Monday January 31 that it will delay the implementation of the proposed fee increases for ATMs (automated teller machines) and points-of-sale (POS) machines for six months. The bank will also be expanding its Scotia Payroll Account, which was designed to assist customers earning less than $100,000 per month. The account types have no minimum

https://www.jamaicaobserver.com/news/banks-about-face_242858