Through Official Gazette No. 46,427, dated July 31, the Central Bank of Venezuela established the new bank fees, effective immediately for all financial institutions in the country.

The new fees apply to bank transfers, check issuance, card replacement, instant payments, and other transactions, as indicated in the document:

• P2P and C2P Mobile Payment Fees: For person-to-person (P2P) and business-to-person (C2P) mobile payment services, fees are set between 0.30 % and 2 % of the transaction amount, with a minimum fee of Bs. 14.00, which also applies to instant debits and credits.
• Merchants: They must pay fees between 1.5 % and 2 % for debit card transactions and between 3 % and 5 % for credit card sales. The maximum monthly maintenance fee for point-of-sale equipment belonging to the bank is Bs. 23,771.00.
• Checkbooks: For individuals, the fee for issuing a checkbook of 25 checks increased from Bs. 36 to Bs. 425.
• ATMs and Basic Transactions: Fees for transactions such as inquiries, transaction rejections, transfers, and document issuance increased from Bs. 8 to Bs. 54; a 575 % increase applicable to in-person transactions at branches, our own ATMs, and ATMs of other banks.
• Cash Withdrawals: The fee remains unchanged at 3 % of the amount withdrawn at our own ATMs and 5% at ATMs of other institutions.
• Credit Cards and Cash Advances: The issuance and replacement of credit cards saw a similar increase to that of contactless debit cards, rising from Bs. 491 to Bs. 3,314. The fee for cash advances remains unchanged at 5 % of the total transaction amount.
• Card Replacement: The replacement fee for debit cards in case of theft, loss, or damage increased from Bs. 136 to Bs. 918 (a 574 % increase). The replacement fee for contactless debit cards increased from Bs. 491 to Bs. 3,314 (a 575 % increase).

The Official Gazette also establishes the fee schedule for other transactions, such as payroll deposits, foreign currency transactions, retail operations, purchases abroad, the purchase and sale of securities denominated in foreign currency, and transactions involving special taxpayers certified by the National Integrated Customs and Tax Administration Service (SENIAT).

M.Pino

Source: 2001online

(Reference image source: file)

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Creating a good payment plan before Christmas Day is useful for maintaining good business and family relationships, as well as ensuring continued access to the services you usually enjoy at home or through your mobile phone.

In this regard, it is recommended to establish a payment schedule, perhaps programmed through your bank account, so that services are automatically debited.

On the other hand, if you are up-to-date with your subscription plans, for example, then you can focus on making bank transfers in advance to the family and friends on your Christmas list.

If possible, obtain enough cash for daily expenses or unexpected events, such as gas or a last-minute gift you might have forgotten.

Saving, a word hardly anyone mentions these days, is another option at this time of year. It can be achieved by withdrawing cash in advance or by placing a modest amount of money in a fixed-term deposit, which will surely be very useful in 2026.

M.Pino

(Reference image source: micheile henderson on Unsplash)           

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La entrada Getting a plan for Christmas banking holidays apareció primero en Bitfinance.