Cash withdrawal fees go up

03.06.2020 - 11:26
Aktuelt
Cash withdrawal fees go up
Betri Banki has increased service charges on its cash machines
 

On 1 April, service charges on Betri Banki’s cash machines went up from DKK 5 to DKK 8 per transaction.

Olav Guttensen, CEO of Betri Bank, says the increased charge is necessary because all of the bank’s cash machines run on a deficit.

He believes the DKK 8 service fee is fair, considering the costs of running the cash machines.

 >> SEE ALSO Bank sector faces no systemic risk

“This is part of a general development in banking,” he explains.

“A couple of decades ago, all the bank’s services were paid by those who had taken out bank loans. Today it is much more common to charge all service users directly instead of just the borrowers, which is also one of the reasons why bank loans are cheaper now.”

On 1 March, the other large Faroese bank, BankNordik, increased its cash machine service charges to DKK 2 for transactions in its own machines and DKK 5 for machines belonging to other institutions.

 

Translated by prosa.fo

 
Nýggjastu sendingar í ÚV
Mánadag 13. juli
Góðan morgun Føroyar 13.07.2020
111313
Sunnudag 12. juli
Frá stríðsárunum (2:15)
110842
Sunnudag 12. juli
Etos: Hví skulu vit hava etikk?
110676
Sunnudag 12. juli
Guðstænasta í Kollafjarðar kirkju
111294
Nýggjastu sendingar í SV
Leygardag 11. juli
Video: 5mf dreingir, Fjarðastevna 2020
111287
Leygardag 11. juli
Video: 5mf kvinnur, Fjarðastevna 2020
111285
Leygardag 11. juli
Video: 10mf, Fjarðastevna 2020
111283
Leygardag 11. juli
Video: 8mf, Fjarðastevna 2020
111281