Banks raise ATM withdrawal fee to Rs35

News Image

MG News | July 03, 2025 at 01:26 PM GMT+05:00

0:00

July 03, 2025 (MLN): Banks across Pakistan have increased the fee for cash withdrawals at ATMs not operated by the cardholder’s own bank, effective July 2025 a move that directly affects millions of account holders nationwide.

The cost per transaction has been revised from Rs23.44 to Rs35.00, sparking concern among consumers already dealing with economic pressure..

The revision applies exclusively to non-host ATM usage a widespread practice, especially in areas with limited access to the cardholder’s own bank network.

The revised charges have been included in the latest bank fee structures, and implementation is underway.

The larger portion of this fee goes to 1-Link the network that connects ATMs across the country while the ATM-owning bank receives only a minor share, mostly to cover equipment servicing and operational upkeep.

For many, particularly those in underserved or rural regions, the change adds an extra burden. Individuals withdrawing smaller amounts more frequently, including fixed-income earners and daily wage workers, may now face significantly higher costs to access their own funds.

Banks have attributed the adjustment to rising operational expenses and evolving interbank transaction arrangements. However, the timing of the hike has drawn criticism.

As inflation continues to erode purchasing power and utility bills rise, customers now face an added cost for routine banking transactions.

The hike underscores a growing challenge for consumers: managing basic financial activities without incurring additional charges. In a tough economic climate, even the act of withdrawing cash has become costlier.

 Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 155,777.21
362.16M
-0.86%
-1354.88
ALLSHR 92,994.52
618.17M
-0.61%
-572.34
KSE30 47,890.76
137.48M
-0.85%
-412.22
KMI30 220,015.06
115.60M
-0.35%
-783.45
KMIALLSHR 59,910.72
260.41M
-0.13%
-77.81
BKTi 45,388.60
42.55M
-1.74%
-804.48
OGTi 30,631.34
29.10M
1.45%
438.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 73,205.00 73,475.00
67,615.00
4740.00
6.92%
BRENT CRUDE 80.96 84.48
80.30
-0.44
-0.54%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-17.10
-14.68%
ROTTERDAM COAL MONTHLY 122.05 124.00
122.00
-5.95
-4.65%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 74.06 77.23
73.28
-0.50
-0.67%
SUGAR #11 WORLD 13.73 14.07
13.72
-0.20
-1.44%

Chart of the Day


Latest News
March 04, 2026 at 04:31 PM GMT+05:00

SBP raises around Rs582bn through T-Bills


March 04, 2026 at 03:25 PM GMT+05:00

PKR edges up against USD


March 04, 2026 at 02:45 PM GMT+05:00

Saudi pledges oil support to Pakistan via Yanbu


March 04, 2026 at 02:24 PM GMT+05:00

Govt backs EVTL continuity at Port Qasim


March 04, 2026 at 02:03 PM GMT+05:00

PSX Closing Bell: Bears Run the Show



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg