Colombia preparing tropical paradise for tourism after 500...
Hacktivists leak 178,000 documents from Colombia’s military
Colombia’s State sentenced for exterminating political party
Colombia’s capital Bogota awarded for failing crime policy
OAS urges Colombia to release people arrested over...
Colombia’s war crimes tribunal hears notorious former warlord
Colombia’s GDP and GNI
Panama arrests US citizen suspected in Colombia of...
Colombia seeking mastermind behind Paraguay prosecutor kill plot
Colombia’s government and ELN rebels overcome “crisis” in...
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Colombian finance minister plans to ban ‘invasive’ bank charges

by Toni Peters December 6, 2011

juan

Colombia’s finance minister has said he will put a stop to the “high” fees charged by banks for the provision of services, financial publication reported Tuesday.

Finance Minister Juan Carlos Echeverry said measures will be taken before the end of 2011, and will apply to the services that cost the most and are the most popularly used.

Colombian bankers are often are charged for basic transactions such as receiving salary payments or withdrawing money outside of the area in which the account was opened. Many banks also have a monthly charge for having a bank account and only allow a limited number of free withdrawals.

Echeverry said he considers the fees “invasive,” and need to be curtailed in order for more people to have access to the banking system.

The minister acknowleged that some banks have reduced or eliminated the costs of certain services, but said the cuts have not been widespread.

bankseconomyFinance MinisterJuan Carlos Echeverry

Trending

  • Panama arrests US citizen suspected in Colombia of murdering fiancé

  • Colombia’s capital Bogota awarded for failing crime policy

  • Colombia’s war crimes tribunal hears notorious former warlord

For patrons

Downloads for patrons

Related articles

  • Colombia’s GDP and GNI

  • Inflation

  • Colombia’s peso could end up losing 25% against US dollar in 2022

  • Twitter
  • Email
  • Rss

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion