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Bank of Spain condemns proposed ATM fees

Some of the country's largest banks want to charge noncustomers for transactions conducted at their ATMs.

July 31, 2015

Three of Spain's largest banks — Santander, Caixabank and BBVA — are looking to impose a two euro ($2.20) fee for noncustomers' transactions at their ATMs. The Bank of Spain is not looking kindly upon the idea.

According to a Reuters report, the central bank has said that could doubly penalize customers who already are charged by their home bank for off-us transactions.

The Bank of Spain has asked the country's banking associations to see to it that additional fees are not imposed.