Bank fees

Bank charges are excessive, says Nawaeb MP

Member for Nawae, Gisuat Siniwin asked if the Department of Treasury could intervene to help small businesses and individuals who pay different fees for all transactions conducted through the commercial banks.

This includes a K7 deposit fee, cheque clearance fees, account maintaining fees, ATM withdrawal fees,  etc.

He said this is hurting ordinary citizens and called on the department to look into this.

Treasury Minister Patrick Pruatich said commercial banks were private profit oriented entities with the aim to make profit at the end of the day.