Tuesday, February 5, 2013

Balance Inquiry & Withdrawal charges of PH banks

Are you aware of the added charges of your bank? This has been an old issue that the Central Bank of the Philippines and other government agencies must take a look into. For ATM cardholders, if you are withdrawing or making a balance inquiry of your account outside your bank’s network you will be charged depending what bank you are using.

These charges must be removed because those transactions are typical transactions that an ATM cardholder will normally do, whether within their bank’s network or outside. These services formed part of their customer service so why charged your customers for that?

I just hope that CBP and other government agencies will regulate the amount, if charges are really necessary on the part of the bank.


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