Sunday, January 24, 2021

All India Bank Depositors’ Association seeks end to ATM ‘decline fee’

Each time a person without adequate balance in his/her account tries to withdraw cash from an ATM or uses debit cards to make a payment, the bank penalises him/her Rs 25 plus GST as ‘transaction decline’ charge. This can be termed as the digital version of a charge for bouncing a cheque.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/all-india-bank-depositors-association-seek-end-to-atm-decline-fee/articleshow/80443445.cms

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