• South Korea's FSS advises banks to lower or abolish unreasonable service charges

0 Comments

JoongAng Daily: South Korea's Financial Supervisory Service has sent letters to banks advising them to lower or abolish unreasonable service charges.

Among the fees the agency deems excessive are ATM charge. Except for Korea Development Bank and Korea First Bank, banks charge a service fee of 500 won (50 cents) to 600 won when customers withdraw money from ATMs after 5 p.m.

The agency said the fee shouldn't be assessed until after 6 p.m. It also said it urged banks to lower fees on other transactions involving ATMs and to abolish fees when customers cash or deposit checks issued by other banks.

Read more...

Reader Comments

Add a Comment

We welcome your thoughtful comments. All comments will display your real name.

Want to participate in the discussion?

Or log in for complete access.

  • Clear
  • Post
Be the first to post a comment for this story.
Products & Services

Acquire Premier Editor Suite

http://global.networldalliance.com/new/images/products/4067.png

4067/Acquire-Premier-Editor-Suite

Trade Show Exhibits

http://global.networldalliance.com/new/images/products/4092.png

4092/Trade-Show-Exhibits

Olea Tuscon Kiosk

http://global.networldalliance.com/new/images/products/4330.png

4330/Olea-Tuscon-Kiosk

KioWare Kiosk Basic – Kiosk Mode Software

http://global.networldalliance.com/new/images/products/4953.png

4953/KioWare-Kiosk-Basic-Kiosk-Mode-Software

LG M4225CCBA - 42" class (42.0" measured diagonally)

http://global.networldalliance.com/new/images/products/4312.png

4312/LG-M4225CCBA-42-class-42-0-measured-diagonally

Magnetic Stripe Reader, MCM30 series

http://global.networldalliance.com/new/images/products/MCM30_3R5010_100.gif

2934/Magnetic-Stripe-Reader-MCM30-series

Kiosk Monitor

http://global.networldalliance.com/new/images/products/4071.png

4071/Kiosk-Monitor

CUSTOM's VKP112 - Kiosk Printer

http://global.networldalliance.com/new/images/products/VKP112_100px.jpg

2521/CUSTOM-s-VKP112-Kiosk-Printer

NCR SelfServ™ Order and Pay

http://global.networldalliance.com/new/images/products/2070.png

2070/NCR-SelfServ-Order-and-Pay

License Renewal Kiosk

http://global.networldalliance.com/new/images/products/4521.png

4521/License-Renewal-Kiosk

Customer Experience Technology Buyer
Self-Service Future Trends 2011
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.