"2.50 for cash withdrawals" EU directive could result in ATM charges

Charges starting at "2.50 for every cash withdrawal could be introduced next month for using automated teller machines that do not belong to the bank at which the account is held, Times of Malta has been told.
This follows the implementation of the European Union's Payments Service Directive 2, which, among other things, aims to make payments safer and increase consumer protection.
However, the new rule will also mean that, come February 1, without paying a fee, Bank of Valletta Cashlink users will no longer be able to use their cards at HSBC ATMs, and HSBC Quikcash cards cannot be used to get money from BOV machines.
Holders of international debit and credit cards unwilling to incur extra charges will be restricted to using only ATMs belonging to the bank at which they have their accounts rather than the combined network of about 180 machines.
When the Times of Malta enquired about the tariffs, both HSBC and BOV repeatedly declined to specify the exact amounts, saying such information was publicly available from their website.
Read: Malta is cash capital, says European Central Bank
Questions sent to the Central Bank of Malta about the matter were not answered at the time of...

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