Ministers don’t support bank-fees bill

The bill, submitted by freshman Likud MKs Danny Danon and Carmel Shama, would cancel 13 basic charges that are currently levied on private customers.

By REBECCA ANNA STOIL
February 22, 2010 03:51
bank fee biz 88 224

bank fee biz 88 224. (photo credit: Ariel Jerozolimski)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again


Despite the fervent support of the Israel Consumers’ Council and many bank customers for a bill that would cancel bank fees, the Ministerial Committee for Legislation was poised Monday to oppose the proposed legislation.  

The bill, submitted by freshman Likud MKs Danny Danon and Carmel Shama, would cancel 13 basic charges that are currently levied on private customers.

Be the first to know - Join our Facebook page.


In light of the pair’s inability to find a majority among ministers, Shama has begun to seek a compromise plan together with bank representatives.

The original bill would maintain special charges, but would minimize charges on checking accounts, including fees for cash withdrawals, regardless if made by ATM or through bank tellers.

The Bank of Israel opposes the proposal, arguing that it would negatively impact weaker consumers, the opposite effect of what the MKs intended.

Related Content

Jisr az-Zarq
April 3, 2014
Residents of Jisr az-Zarqa beckon Israel Trail hikers to enjoy their town

By SHARON UDASIN