Gila Gamliel 311.
(photo credit: Ariel Jerozolimski [file[)
Banks may have to find a new business model if a bill by MK Gila Gamliel (Likud
Beytenu) cancelling all banking fees passes.
Ahead of a Monday Knesset
Economics Committee with Banks Supervisor David Zaken, Gamliel announced Sunday
that she plans to propose a bill that will not allow banks to have service
charges on checking accounts.
"The time has come for a reform that will
be good for both costumers and the banking system," Gamliel said. "The average
citizen does not think of negotiation the conditions of his or her bank account,
and the burden falls on him or her because the banks give businesses and
corporations automatic exemptions from service charges."
would cancel 13 banking fees including charges for withdrawals, printing bank
statements, for transferring money to another account and for depositing
According to the Likud Beytenu MK, "the banks have enough sources
of funding from liquid funds in checking accounts and accounts in a debit
balance. We should cancel banking fees for checking accounts once and for all
for all customers, not just the preferred ones."
A similar bill was proposed
last year, but did not become law because the Knesset was dissolved. Gamliel
says she plans to see her bill through the legislative process and make sure it