Banks Should Show Fees At ATMs Before Customers Complete Transactions – CAC
The Consumer Affairs Commission (CAC) is urging banks to ensure that customers are able to see fees at ATMs before completing transactions.
While speaking at a media briefing recently, Chief Executive Officer of the CAC, Dolsie Allen, reportedly stated that the agency has been lobbying for the practice to be implemented.
“Well currently it is not in effect and that is why we are very concerned. Even with the enforceable quote from the bank of Jamaica, that was not included. And we believe as a consumer affairs Commission that has the concerns of consumers at heart that persons must be given the opportunity, whether they want to continue transaction or they wan’t to discontinue.”
“The fees must be displayed on the screen so you can make that choice. Information is key for us to make informed decisions.”
She also stated that banks have claimed that the cost to make adjustments to the software used by ATM’s to facilitate displaying the fees would be too great.
Remember to share this article on Facebook and other Social Media Platforms. To submit your own articles or to advertise with us please send us an EMAIL at: [email protected]
- Shaggy Performs At Queen Elizabeth’s Birthday Party - April 24, 2018
- Oil And Gas 3D Seismic Survey Nearly 50 Percent Complete - April 22, 2018
- Solange Knowles Writes Thank You Letter To Jamaica - April 21, 2018
- Canadian Politician Sparks Outrage With Remarks About Jamaicans, Later Apologises - April 20, 2018
- Health Ministry Reports Steep Rise In Obesity Among 13-15 Year Olds - April 19, 2018
- Counterfeit Goods Valuing Over $100 Million Seized, Two Chinese Nationals Arrested - April 18, 2018
- Jamaicans Among Thousands From Caribbean To See Their Status Legalised In The UK - April 17, 2018
- Murders Down By Nearly 80 Percent In St James Under State Of Emergency - April 16, 2018
- 27 Medals For Jamaica At 2018 Commonwealth Games - April 15, 2018
- Leon Bailey Backs Bolt To Succeed As A Professional Footballer - April 14, 2018