Singapore QFBs waive ATM fees

Singapore QFBs waive ATM fees
Tags: Bank / Credit Union, Retail / Off-Premises, Transaction Processing, Trends / Statistics
April 18, 2006

The (SINGAPORE) Star: Five qualifying full banks, known as QFBs - ABN Amro, Citibank, HSBC, Maybank and Standard Chartered - announced they have waived the ATM transaction fee of 30 Singapore cents levied for each successful cash withdrawal at ATMs under the atm5 network in the city-state. With immediate effect, customers of the five QFBs can use their existing ATM card to access the shared network of more than 140 ATMs island-wide for cash withdrawal at no charge.