The card issuer banks would pay Tk20 to the booth-owner bank for each transaction, but the card issuer bank could charge highest Tk10 from their clients

Clients of banks under National Payment Switch of Bangladesh (NPSB) would enjoy lower charge for inter-bank ATM (automated teller machine) transactions from April 1.

The card issuer banks would pay Tk20 to the booth-owner bank for each transaction, but the card issuer bank could charge highest Tk10 from their clients, said a circular Bangladesh Bank issued yesterday.

At present, clients are charged at least Tk15 for each transaction.

Bangladesh Bank introduced the NPS in December last to create a common platform among the existing shared switches already built-up by different private sector operators.

The operation of the NPS started yesterday with seven participant banks.  

The NPS project was taken by the BB to bring all the ATM card holders of different banks under one umbrella so that any card holder of any bank can draw money from any booth through the inter-operability system.

According to the circular, card issuer bank would pay charge of Tk5 to the booth-owner bank for balance inquiry or take mini-statement by using ATM of other banks.

Card issuer bank could also charge it from their clients.

ATM card issuer might also be refrained from imposing any charge on their clients. Bangladesh Bank would not charge on its clients at this moment for maintaining the NPSB.

There is financial involvement in setting up of ATM booths, maintenance, ensuring security and storing cash. As a result, expenditure of the ATM owner banks will increase in providing the services to the other banks’ clients.

In this context, Bangladesh Bank imposed the minimum service charge on transactions and another service for using one bank’s ATM by other banks’ clients, said the circular.