NASSAU, Bahamas — In response to public outcry regarding the fees commercial banks charge their customers, the six companies that are a part of the Clearing Banks Association (CBA) have all agreed to reduce the administrative fees of various services they offer, Minister of Labour Dion Foulkes, who is in charge of consumer affairs, announced yesterday, the Nassau Guardian reported on September 12.
Foulkes said the CBA and The Central Bank of The Bahamas have also committed to listing the main bank fees regularly in the daily newspapers.
“Just like the gas stations do when you open the business sections of the dailies and you see the various prices per gallon of gas, we intend to do the same thing with the clearing banks, so that consumers can know exactly which bank is charging which fees, so they can make decisions as to which bank to do business with,” Foulkes said outside Cabinet on Tuesday. https://thenassauguardian.com/2018/09/12/banks-agree-to-lower-fees/
