Banks backing down on fees

Wed, Sep 12th 2018, 08:50 AM

 

SOME local clearing banks have agreed to lower various banking administrative fees and consider changes to cheque cashing procedures following discussions with the government and other officials, Labour Minister Dion Foulkes said yesterday.
The Central Bank of The Bahamas and the Clearing Banks Association will also list fees consumers are likely to pay, similar to the published gas tracker, so consumers are able to regularly compare fees across local banks...

SOME local clearing banks have agreed to lower various banking administrative fees and consider changes to cheque cashing procedures following discussions with the government and other officials, Labour Minister Dion Foulkes said yesterday.

The Central Bank of The Bahamas and the Clearing Banks Association will also list fees consumers are likely to pay, similar to the published gas tracker, so consumers are able to regularly compare fees across local banks...

 

Click here to read more at The Tribune

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