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Title : Bsp Service Fee Clarified - Updated
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Bsp Service Fee Clarified - Updated

A few years agone Bank of South Pacific (BSP) had 12 transactions/service fees that were passed onto customers to pay. This was of late posted on past times The Lord's Day (15 June 2019) Facebook page. At the fourth dimension of this post, the BSP Service Fees on Facebook received 111 comment together with 182 shares.

This was reposted on Twitter (see below) together with received an overwhelming reaction, too.

BSP SERVICE FEES
1. Branch Withdrl K3.00
2. Acc Maintnce K3.00
3. Branch Dep K3.00
4. Check Bal K0.50
5. Transfer K2.00
6. Mini Stmnt K0.75
7. Dep K3.00
8. Withdrl (ATM) K0.50
9. Withdrl (Counter) K4.00
10. Cheq Dep K7.00
11. SMS Banking K1.50
12. Acc maintnce K10.00

The Sun|PNG

— P.N.G. Insight (@PNG_Insight) June 15, 2019

The BSP CEO clarified that many of the charges were no longer effective. In his media response, he said that BSP 'reduced together with removed a publish of banking fees' (National, 17th June 2019).

Changes to Fees/year

• Removed Cheque fee/2015 - K2.50
• removed Annual Visa Debit Card Fee/2017 - K100
• Removed Dormant fee account/2018-?
• Removed Statement mailing fee/2018-?
• Reduced Eftpos Merchant Commission-?
• Removed branch deposit fee Kundu measure Account-?

? Means fees non indicated inwards the media report.

These changes saved client K50 million. It agency that it could accept been the sum BSP had collected, cumulatively, from the customers had the fees were non removed.

Here is the answer from the BSP CEO.

According to the study above, the next are the latest fees for using BSP banking services. Note that BSP has 2 products that bear dissimilar service fees.

Two BSP products

1. Kundu Package Account

- Monthly fee charged K9.50

- Mobile top-up K0.50

- Esi-Pei Top-up K0.50

- Airline Ticket payment Mobile Banking K2.50

- No Teller Service fee

- Majority of transactions are free

2. Kundu Standard Account

- Mobile Banking Transactions  K0.50

- Eftpos transactions K0.25

- Airline Ticket buy Mobile Banking K2.50

- Withdrawal alongside a teller K4.00

- Withdrawal (ATM) K0.50

- Withdrawal (another Bank ATM) K2.50

- No monthly fee

- No deposit fee

- No dormant fee

- Charges per other transaction

Perhaps it is of import to banknote that BSP had responded to the sentiments shared most the dissimilar fees it passed onto customers, both past times together with present. The dot hither is that whatever BSP client must survive aware of the dissimilar fees charged past times their bank. 

And, appreciate the fact that they are genuinely paying certainly sum of coin from their banking concern accounts when they are performing a transaction.

Thus the article Bsp Service Fee Clarified - Updated

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