Jamaican banks had most ‘low fees’ among regional counterparts - Business - JamaicaObserver.com: "MOST banks in Jamaica offer the lowest regional charges on current and saving accounts but higher fees for many other things, according to the final report on bank fee published by the Bank of Jamaica (BOJ) this week.The document entitled 'Report on Survey, Fees and Charges of Deposit-Taking Institutions' analysed some 56 transactions among five regional banks within select territories.
The greatest number of low charges were found in Trinidad and Tobago while Canada offers the highest.
"Compared to regional and international affiliates, fees and charges of Jamaican banks range higher and lower than their counterparts," said BOJ in its finalised report released on Monday. "In most instances, highest overall fees are in jurisdictions outside of Jamaica."
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