BSP says ATM fee hikes won't go beyond ₱20

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The Bangko Sentral ng Pilipinas also assures transaction fees would not reach ₱30.

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The Bangko Sentral ng Pilipinas would not allow transaction fees for interbank automated teller machines to surge, with an official saying that any changes would add just a few pesos to current rates.

BSP Deputy Governor Chuchi Fonacier said that while banks can ask to raise charges for interbank ATM transactions — or those using a terminal that's not run by their original bank — the regulator will not approve extreme adjustments to the fees.outlier, the BSP will not really approve," Fonacier said in a press briefing on Wednesday.BSP reacts to warning that because of the lifting of the freeze order, ATM fees would go as much as ₱15 to ₱30 per transaction.

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Charging ATM fees in any amount is CONFISCATORY. Banks give us less than 1% interest in using our money for profit BUT charge us 14 pesos everytime we need to use our own money. This is unfair. This is GREED! ATM fees should in fact be REPEALED.

why would there be transaction fees we already give them(bank) the privilege to use our money?

20.00 multiply by millions of atm transactions equals.....imagine.

dapat ba may singil para dyan? eh ano kung hindi aabot ng 30? mabigat na ang 11 eh. bibigyan ba ninyo kami ng subsidies? bobo.

Nagmahal ba ang papel o kuryente?

Isa sa pinaka walang hiya ay ang mga bangko. Metrobank, BDO, BPI. Maawa naman kayo. Akala nyo ata 1st world country tayo mga puta kayo.

Laki nman

inflation ysn , d n mag babanko mga Pinoy 🧐

P30 or P20?

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