In a statement, PM national chair Rene Magtubo said an increase would be onerous on workers receiving their wages through payroll ATM accounts.
Magtubo added: “P15 is almost 3% of the daily minimum wage in NCR. Worse it is around 4% of the daily of a minimum wage earner in the Cavite economic zone. Doubling the ATM fee would mean banks taking 6 to 8% of the minimum wage of workers per withdrawal. This is highway robbery.” “It is no fault of the workers that they have to transact through ATM’s. And of course, the most convenient way is to access your account is from the nearest ATM which is not necessarily one from their payroll bank. Workers would not want to waste time and fare by going to their own bank’s ATM if is one or several rides away,” Magtubo said.
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