4 months House probe on ATM fee hike eyed Manilatimes |Biz
MEMBERS of the House of Representatives are considering to investigate the looming increase in automated teller machine (ATM) fees after monetary authorities lifted last month the moratorium on such a hike that had been in place since September 2013.
Consumers lining up at different automated teller machines inside a mall in Makati. File PhotoThese fees could be raised to as much as P15 to P30 for every interbank withdrawal from the current P10 to P15 once implemented. According to Surigao del Sur Rep. Johnny Pimentel, there is no justification for banks to impose these increased charges on depositors.
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