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BOJ publishes fees levied by financial institutions

The Bank of  Jamaica (BOJ) has published fees and charges being levied by the island's commercial and merchant banks as well as building societies.      

The information, which is available on the Central Bank's website, includes fees and charges as at December 31 last year.
   
The BOJ says the publication is aimed at promoting transparency and customers accessing comparative fees and charges.
   
Member of  Parliament for St Catherine Southern, Fitz Jackson, earlier this year disclosed that he has taken preparatory steps to commence legal action in relation to the matter.
 
Jackson is of  the view that banks should not be charging fees for keeping customers deposits as this is a breach of  the duty of  care under the Banking Services Act.
   
The MP will also seek to recover fees levied on dormant accounts.


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