The Central Bank of Barbados says RBC Royal Bank will no longer charge its customers for transactions they make using the automated clearing house, including through the real-time payments system.
In a statement, the CBB said the decision followed discussions held with the bank.
The CBB says RBC has also indicated that it will reimburse customers who have incurred these charges since the January 2, 2024, directive by the Central Bank that no fees should be applied to such transactions.
It said that these refunds would be made no later than January 19.
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