Home Business and Technology ATM fees back under Level 3 Lockdown

ATM fees back under Level 3 Lockdown

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ATM

Starting on Monday, it will cost more to withdraw money from an ATM that does not belong to your bank. Banks scrapped so-called Saswitch charges in April to encourage social distancing and stop clients from travelling long distances to their banks.

ATM

But the Banking Association says the fees will now be brought back under the Level 3 lockdown.

It says banks will no longer absorb the cost because the government has now eased lockdown restrictions.

The association also says that prudent business practices now demand that banks recover the cost of maintaining and operating ATMs.

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Source:eNCA