Protesters target rising bank charges

PUBLISHED : Wednesday, 03 May, 2006, 12:00am
UPDATED : Wednesday, 03 May, 2006, 12:00am

A group of small depositors protest outside the Association of Banks in Central yesterday against banks imposing new charges. The 20 protesters, most of them middle-aged and led by the Democratic Alliance for the Betterment and Progress of Hong Kong, said banks were discriminating against low-income earners and the poor by hitting them with the charges. On Monday Wing Hang, Dah Sing and Mevas banks imposed new charges on accounts whose balances fell below specific limits.

The members of the group, who said they held small deposits at banks, said the increases in bank service charges hurt them financially and they were not properly informed about the fee adjustments.