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Dhaka Tribune

BB puts ceiling on ATM fees

Update : 18 Mar 2014, 01:36 PM

Bangladesh Bank (BB) on Tuesday capped the fees for ATM (automated teller machine) services to encourage people to use electronic transactions at their convenience instead of taking the risk of cash withdrawal from branches.

The central bank in a circular fixed the fees for per transaction at Taka 10 for using the ATM installed by the same card issuing bank and Taka 20 for using others' ATM.

The fee will be Taka five for each of the balance inquiry and mini balance statement for all banks.

The new fees will be effective from April 1.

Currently, banks are charging people up to Taka 35 for each transaction at ATMs.

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