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JMMB now charging $50 for each RTGS transaction

JMMB is the latest bank to make changes to its Real Time Gross Settlement (RTGS) fee structure.
 
JMMB is now charging customers $50 for each RTGS transaction.
 
The bank offered the transactions for free when the Bank of  Jamaica waived fees at the start of  the COVID-19 pandemic.
 
The BOJ reinstated the fees on May 2.
 
It's understood that a number of banks are also looking to adjust RTGS fees.
 


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