Higher fees are coming for customers of Republic Bank Ltd from Friday, after the country’s largest commercial bank announced a sweeping round of increases across everyday services.The changes affect both routine transactions and penalty charges, with higher costs for basic…
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The voluntary fee freeze undertaken by the banking sector ends on July 1st, so financial institutions will begin to implement the pending inflation adjustments. While some banks only incorporate last year's consumer price index into their fees, there are also players that increase the price of their services with the cumulative inflation of the past two years.