This means consumers may soon see lower ATM fees.
BSP Governor Amando Tetangco said the Bankers Association of the Philippines, Bancnet and Megalink will formalize the consolidation of the two ATM networks next week.
Consumers are currently charged P10-P15 when they withdraw from other banks' ATM units.
Other fees are also applied for balance inquiry and other services.
Latest BSP data showed the number of ATMs rose 11 percent to over 15,187 by end September last year. - ANC
source: www.abs-cbnnews.com
