ATM fee hikes can't exceed over-the-counter charges – BSP

The Bangko Sentral ng Pilipinas on Tuesday reiterated it will thoroughly review any bank’s request for an automated teller machine fee hike amid concerns from the public and lawmakers.

“Rest assured that the BSP shall examine each request and decide if the increase is warranted to cover the cost of maintaining the ATMs. Should an increase be necessary in order for banks to continue providing ATM services to the banking public, the BSP will ensure that the increase will be reasonable and will adhere to pricing principles provided under BSP Circular No. 980 dated 6 November 2017,” it added.

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