Cebu Daily News·2 min read·medium
More banks to waive fund transfer fees - BSP
M
merram
✦AI Summary
The Bangko Sentral ng Pilipinas (BSP) expects more banks to waive or reduce fund transfer fees following similar moves by BPI and RCBC. Governor Eli Remolona Jr. emphasized that lower fees promote financial inclusion and benefit consumers through network externalities.
MANILA – More banks are expected to waive or lower transfer fees for transactions with other financial institutions, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said.
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