Saturday, March 25, 2023

Six banks agree to waive charges on cash withdrawal from ATMs

Mexico’s six banks, including domestic and foreign, announced an alliance Wednesday so their 13.2 million customers can Access your cash in a single network with over 9,300 ATMs.

Bank HSBC, Scotiabank, Banbajio, Inbursa, Banregio and Mifel explained that this union will allow users to save 42 million pesos per Eliminate commission over 30 pesos To withdraw money from ATMs outside your bank.

“It is the largest alliance in the Mexican market, Six main banks in one location with one multi-network brand,” said Pablo Alec, deputy general director of consumer and wealth banking at HSBC Mexico.

HSBC executive said that now Customers of these six banks will reduce the cost of transfer In a context in which 12.2% of Mexicans spend more than 27 pesos on any type of transport per trip.

Alec pointed out that it took a year for the alliance to solidify, but insisted that As of this Wednesday, it operates without limits on consultations. And with the cash availability restrictions that each bank establishes.

Six Banks Agree To Waive Charges On Cash Withdrawal From Atms

He said that the ATM will be available in the network and its location Mobile applications and websites of institutions.

The banker explained that 98% of transactions in Mexico happen at ATMs. They are counseling and evacuation.

“The use of cash in Mexico is real, what we see is a clear trend There has been an increase in both advisory and transactional traffic In the digital part”, added Elek.

In his speech, Fuad Juan Fernandez, deputy general director of consumer and digital banking at Scotiabank Mexico, highlighted that “The only way to do financial inclusion” and “Individuals and families improve the economy when we think of solutions together”.

Six Banks Agree To Waive Charges On Cash Withdrawal From Atms

Canadian-born Scotiabank executive recalls cash still circulates Banking sector campaign to enhance digital operations.

In this regard he cited 49% of Mexicans go to withdraw money one to five times a month And a major part of the currency in the country is withdrawn from ATMs.

Commented by Sandra Sousa, Director of Marketing, Inbursa Bank The alliance is open to any bank that wishes to join And it is imperative that this Thursday they will launch a propaganda campaign.

The new network will be made up of 5,620 HSBC ATMs, Scotiabank 1,918, Banbazio 718, Inbursa 666, Banregio 326 and Mifel 104.

(with information efe,

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news