Tuesday, May 16, 2017

First Citizens: No intention to increase customer fees *

NEW MEMBERS: First Citizens chairman Anthony Smart, right, speaks with newly elected members of the board of directors, Ingrid Melville and David Inglefield during yesterday’s special meeting at the Hilton Trinidad, St Ann’s. —Photo: STEPHEN DOOBAY

STATE bank First Citizens says it has no intention of increasing the fees it charges customers.

The assurance comes even as RBC Royal Bank last week announced that from March 27 it will be increasing some fees and introducing new fees to customers.

“We are not looking at this point in time to increase our fees,” First Citizens' chief executive officer Karen Darbasie told the Express yesterday, following the bank's special shareholders meeting held at the Hilton Trinidad in Port of Spain.

Some of RBC's new fees include a $4.50 charge for paper statements and an $8 charge for deposits.

In-branch withdrawals and other customer generated debit transactions will increase from $7 to $8 per debit entry.

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