Tk 15 for taking out cash from other banks' ATMs

Posted by BankInfo on Wed, Jan 21 2015 10:51 am

Customers will be charged Tk 15 each time they withdraw cash from an ATM of a bank other than their own, the central bank said yesterday.
The bank whose ATM is used will get Tk 20 for each transaction, with the user's bank paying Tk 5. The total charge includes value-added tax, Bangladesh Bank said in a notice.
The order will take effect from February 1. Currently the Tk 20 charge is split evenly between the customer and his/her bank.
The central bank also levied a maximum of Tk 5 fee on customers for each balance inquiry and a mini statement from ATMs of other banks, said Abul Kashem Mohammad Shirin, deputy managing director of Dutch-Bangla Bank.
The card issuer banks will be able to realise these fees later from their customers, BB said in the statement.
The instructions came after banks urged the central bank to excuse them from paying half of the Tk 20-charge, as it is the customers who enjoy the service and not them.
They said more and more people are now using the option. Customers withdrew about Tk 104 crore from ATM booths of other banks last month.

News:The Daily Star/21-Jan-2015

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