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W.INQUIRER.NET r'

lllorkers slam ilan to hike ATM,fees

m Bdcause Landbank has a lim-
ited number of ATMs, Karen
lil [1 withdraws money from teller
Interbank withdrawals bY
then may cost uP to P3o Per
transaction, uP from the curcnt
force depositors, like events
host Rommel Paborada, to use
theATM; of otherbanks.
He said doubling the ATM
fee would mean banks would be
taking 6 to 8 Percent of the drin-
ranted to cover the cost of
qffrtaining the ATMs," it said
in a statement.

Pro to.P15, said CamPos,'who "Rather than wait in line, I imum wage of workers Per
machines of other banks. withdrawal. "This is highwaY Unjustified
filed a resolution calling for a would just use the other ATMs.
lovic Yee "[Landbank's ATMs] are
They shouldn't raise .the fees robbery," he said. Lawmakers on Tuesda
usually offline, esPeciallY dur- congressional Probe of the lift- warned banks against imPos-
vicyeeINQ
because sometimes, it's reallY The BSP on TuesdaY said it
ing paydays. It's very inaccessi- ing of the moratorium. ing hefty fees on tne usq 9t
"Banks-commercial, thrift hard to find your bank's ATM,' would bar banks from-increas-
:kers in the government and ble. That's whY I'm forced to use
Paborada said. ing tfansaction charges for ATM .ATMs.
ate sectors are balking at otherATMs," she said. and rural, with ATMs!-cannot "We must remind banks
to exorbitant levels.
increase in the fee for with- unilaterally adjust ATI\4 fees as the cash being withdrawn fro
each bank will have {o secure 'Moderate greed' It also siid it would thbr-
ring cash from automated Withdrawal, balance inquiry Partido Manggagawa chair oughty review all aPPlications their ATMs [s moneY that
:r machines (ATM) that ' Customers cad use the prior Bangko Sentral ng PIIiP-
Rene Magtubo said bankers for fee increases. borrowed from dePositors.
ks are expected to imPle- ATMs of their "mother banks" inas (BSP) apProval to do so," is whybanks are PaYing interes
should "moderate their greed,", The bank rggulatorfs assur-
rt as a result of the lifting of for free, but banks charge those the Bankers Association of the on deposits," Surigao del
Philippines (BAP) said on Tues- especially that anY increase ance came two weeks after it Su
.x-year moratorium on fee who are not their dePositors Pro announced that it was lifting Rep. |ohnny Pimentel said in
'eases. to P15 per withdrawal. The bal- day. woqld put minimumwage eaTn-
In a statement, BAP manag- ers at a disadvantage. the moratorium on ATM fee in- statement.
Government worker Karen ance inquiry fee is Pz. creases, which was enforced in Bayan Muna RePresenta-
ing director Benjamin P. Castillo "The Pr5 (withdrawal fee) is
traising ATM fees was "un- On MondaY, Makati ReP. 2013 after a Public outcry dves Carlos Zarate and Ferdi-
Luis Campos Jr. said ATM fees added that the'efficient delivery almost 3 percent of the dailY
" to rank-and-file emPloYees against expensive fees. nand Gaite called on
could rise bY at least 5o Percent of service to the Public was the minimum wage in Metro Mani-
her. As a public emPloYee,
it is around 4 Percent
la. Worse, "Rest assured that the to set a standard rate of ATM
salary goes into her account based on rates banks had industry's prioritY.
Bangko Sentral ng PiliPinas transaction fees. -wlrH
he government-owned Land charged or proposed to charge Long queues in more PoPu- of the minimum wage in the
shall examine each request,and FRoM DAXIM L. LUCAS, DORIS
lar banks, such as BDO and Bank Cavite economic zone," Mag-
rk of the Philippines (Land-' before thb moratorium took ef- decide if the increase is war- LAo-ABADILLAANDDJ van INQ .

fectin 2013. of the Philippine Islands, also tubo said in a statement.

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