Banks Increase Charges for ATM Withdrawals from Other Banks:

A few commercial banks have extended the per transaction price from Rs. 18.50 to Rs. 23.Forty four for cash withdrawals at computerized teller machines (ATMs) from banks apart from the account’s host financial institution.

Some banks have even started out charging their customers for this provider, whereas some will observe the identical fees to the provider in the following few weeks.

According to the information, industrial banks, which includes United Bank Limited (UBL), Askari Bank, Bank Al Habib, Meezan Bank, Bank of Punjab (BOP), Telenor Microfinance Bank, and National Bank of Pakistan (NBP), updated agenda of fees and have jacked up the fees on cash withdrawals thru their ATMs by using the customers of various banks.

These fees incorporate a major share of 1-Link switch and a minor percentage of a bank that owns an ATM and is used by the clients of different banks for making transactions.

Major banks inclusive of Habib Bank Limited, MCB Bank, and Bank Alfalah did now not revise the charges for coins withdrawals through using the Link 1 transfer. These banks are charging Rs. 18.50 to Rs. 18.Seventy five in keeping with transaction at the same account.

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