Monday, February 6, 2023

Banks to waive commission on cash withdrawal and balance enquiry.

Mexico City ,

customers of hsbc, Scotiabank, bragInbarsa, spa area with O Bank and Mifel they will be able to cash provision And without paying commission, you can check balance in any ATM of these banks. alliance Multiple,

During the announcement Paul AlecDeputy Director of Consumer and Wealth Banking hsbcexplained Customers of the above institutions will not charge commission for cash withdrawal or balance enquiry, In a group of 9 thousand 300 ATMs,

according to data from National Commission for the Safety and Security of Users of Financial Services (driving, average cash withdrawal cost This can reach an average of 38 pesos at a different bank’s ATM, and 49 percent of the population goes 1 to 5 times a month to withdraw cash.

This alliance will benefit 13.2 million customersThereby its users will stop paying 42 million pesos in commission.

It was explained in detail in the presentation that today HSBC Mexico It has 5,620 ATMs, Scotiabank mill 920, brag 718, Inbarsa 666, Banerzio 326 and Miffel 104.

Data from the National Banking Securities Commission (cnbv), in Mexico There are over 60,000 ATMs, with this tie-up representing 15.5 percent of the country’s ATMs.

Fouad Juan FernandezDeputy General Manager of Consumer Banking ScotiabankInvited other banks to participate in the alliance Multiple More customers stop paying fees at ATMs.

“This bank is listening to customers and responding to commission requests. Each bank has its own overall strategy for what it wants to do, but we are all trying to attract customers and reach more Mexicans. are,” he said.

In the meantime, each bank individually will primarily maintain its own strategies to engage communities countryside, Who have less access to financial services in ATMs.



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