Bank Charges

Cut in fees for credit-card payments to erode bank profits

Transaction fees on credit cards will be lowered next year. Photo: Bloomberg

Beijing's efforts to boost domestic consumption may weigh on banks' profits as a reduction in credit-card transaction fees will eat into their fee income.

Thursday, 29 November, 2012, 3:53am

Talkback

Do you think bank charges are too high?

I cannot understand why HSBC is criticised for 'exploitation' by raising the fee for its PowerVantage accounts.

28 Apr 2007 - 12:00am

Protesters target rising bank charges

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.

3 May 2006 - 12:00am

Bank charges

Seventy-year-old Cheng Wah-sun is led out of the South Kowloon Court cells after appearing on two charges of attempted robbery. The prosecution alleges Cheng tried to rob two banks in Mongkok on Tuesday and Wednesday. Cheng entered no plea and Magistrate Henry Mierczak remanded him in custody until May 19.

29 Apr 2000 - 12:00am