Bill seeks disclosure of banks’ ATM fees

In order to ensure that bank clients are informed and aware of transaction fees being charged by banks whenever they use automated teller machines (ATMs), a bill has been filed at the House of Representatives directing financial institutions to display bank fees before the transaction is completed.

Rep. Alfredo Vargas 3rd (5th District, Quezon City), author of House Bill 6296, said that through this measure, clients would be given the option to pursue or cancel the transaction once the bank charges are flashed on the screen.