Pierrakakis: The five changes in bank fees and charges - Where major reductions are coming
ATM providers will now fall under the same regulatory framework as banks regarding transfers, with a maximum charge cap of €0.50 - The related amendment will be voted on Thursday. On Monday, Minister of National Economy and Finance Kyriakos Pierrakakis announced the submission of a parliamentary amendment aimed at significantly reducing banking and ATM fees for consumers. The amendment will be included in the draft law for the National Customs Code and will be put to vote in the plenary session on Thursday.Pierrakakis: All ATM fees by banks to be abolished The five key changes introduced are:1. Abolition of fees for withdrawals from ATMs of other DIAS-member banks The €1.50-2.00 fee currently charged for withdrawals from ATMs of other banks (members of the DIAS network) will be completely abolished.2. No fees for withdrawals from ATMs of providers affiliated with the customer's bank If a customer's bank has equity ties with an ATM...
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