Local banks have proposed a new plan to introduce fees for online financial transfers between different banks. This initiative is designed to generate revenue to support the ongoing development and digital transformation efforts by the banks.
Reports indicate that the proposal would implement fees for online transfers between various banks, replacing the current policy of offering these services free of charge. While banks currently charge 5 dinars for transfers made through branch offices, the new plan will not affect in-branch transfer fees for transactions within the same bank. However, online transfers between different banks would incur a fee of 1 to 2 dinars per transaction, with each bank determining its specific rate within this range based on its strategic objectives.
Banking sources report that digital money transfers have become increasingly popular, with a large volume of such transactions taking place every day.
