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MANILA, Philippines --- The House of Representatives is poised to look into the looming increase in the fee for withdrawing cash from automated teller machines (ATM) as a result of the lifting of the six-year moratorium on ATM fee increases. The lifting oATM fee hike looms; House inquiry sought
MANILA, Philippines --- The House of Representatives is poised to look into the looming increase in the fee for withdrawing cash from automated teller machines (ATM) as a result of the lifting of the six-year moratorium on ATM fee increases. The lifting of the freeze stoked concerns among lawmakers that banks would impose as much as a 50-percent hike on ATM fees, based on the rates they had charged or proposed to charge before the moratorium took effect in 2013. «We are worried that the forthcoming increases in ATM charges might harm consumers --- the nation's more than 58 million ATM cardholders,» Makati Rep. Luis Campos Jr. said in a statement on Monday. "Even more vulnera...Keep on reading: ATM fee hike looms; House inquiry sought Read more