A Visa debit cardholder has to pay as high as Tk 143.75 per
transaction if he or she uses an ATM that is not owned or shared by
the card-issuing bank.
Of the charged amount, the owning bank of the ATM (automated teller
machine) gets one US dollar (around Tk 70) and the card-issuing bank
takes the rest of the amount, bank sources said.
“I am an Eastern Bank Ltd (EBL) Visa debit cardholder. Often I use
the ATMs that are not owned by EBL. I have seen recently in my latest
account statement that every Visa ATM usage fee is Tk 143.75,†said
an executive of a multinational company.
“I was not aware of the high charges of non-EBL ATMs that accept Visa
debit card,†added the official.
According to banking sources, almost all the private commercial banks
issue Visa cards for their clients. Visa International, a USA-based
plastic card issuing company, provides an alternative payment method
to cash.
Currently, there are about six lakh Visa debit cards in the country.
Standard Chartered Bank tops the list with about two lakh cards
followed by BRAC Bank's one lakh.
EBL has 48,000 Visa debit cardholders and at least 3,000 of them use
other banks' ATMs frequently, officials said.
“We do not impose any charge for use of the card unless you use other
banks' ATMs. If you use other banks' ATMs, we will charge Tk 125 plus
15 percent VAT for every transaction,†a senior official of EBL said.
The official said: The bank will deduct the amount from the account
of the cardholder.
“A cardholder will never be charged for ATM transaction if he or she
uses our own ATM,†the EBL official said.
Banks charge nothing for use of their respective ATMs. But Tk 25 is
charged per transaction if the ATM is a shared one. For example,
Prime Bank has an agreement with the Dutch-Bangla Bank Ltd for use of
latter's ATMs and in that case the DBBL will charge Tk 25 per
transaction for the Prime Bank cardholders.
Abul Kashem Mohammad Shirin, deputy managing director of DBBL, which
has the highest number of ATM booths of 260, said charges for use of
Visa card vary from bank to bank.
“We don't need to use Visa cards for local transaction. It is costly.
The card is necessary for international transactions,†said Abedur
Rahman Sikder, head of BRAC Bank's marketing and corporate affairs.
- Sajjadur Rahman
Mail: sajjad@thedailystar
http://groups.yahoo.com/group/mobilebangladesh
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