Banks have waived fees for customers to ease their financial burden. The guidance is in line with a recent adjustment of fees for three items -- early payoff penalties, debt default and replaced ATM and debit cards -- as the central bank demanded earlier, she said. "Typically, fee structure adjustment would affect fee-based income of financial institutions," Mrs Thanyanit said. Apiphan Charoenanusorn, co-president of Siam Commercial Bank (SCB), said the central bank's across-the-board fee structure adjustment will hit the bank's fee-based income, but it needs to wait for clear-cut guidance to estimate the actual impact. The bank has waived fees for customers to ease their financial burden amid the sagging economy as required by the central bank.

Source: Bangkok Post February 10, 2020 20:03 UTC