All India Bank Depositors’ Association seeks end to ATM ‘decline fee’

Each time a person without adequate balance in his/her account tries to withdraw cash from an ATM or uses debit cards to make a payment, the bank penalises him/her Rs 25 plus GST as ‘transaction decline’ charge. This can be termed as the digital version of a charge for bouncing a cheque.

from Banking/Finance-Industry-Economic Times https://ift.tt/3pgp0nb