ECCB Looking To Pressure Banks On User Fees
(iWitness News) Governor of the Eastern Caribbean Central Bank, Timothy Antoine, says that while he understands why some commercial banks have introduced money fees on savings accounts, he does not agree with all of them.
Antoine said while the ECCB does not regulate fees and charges, it can review them.
“We can ask for reasonableness but we cannot say no to fees and charges,” Antoine told the media in Kingstown in late October.
Antoine said the charges that he does not agree with are specific and he would not go into them bank by bank.