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Banks to Lower 'Punitive' Charges

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[The Herald] BANKS have admitted that banking charges currently prevailing are punitive on depositors and will immediately start conversations around lowering them while Steward Bank will with effect from today halve the charges on Real Time Gross Settlement transactions. The average charge on an RTGS is U.S.$10 while withdrawal fees are on average at $3 inside brick-and-mortar banking halls and $2-$2,50 for withdrawals done on ATMs.Barclays Bank of Zimbabwe managing director George Guvamatanga said some of the charges ......

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