New banks fees on cash withdrawals. A measure to boost digital transformation

Banks have recently set restrictions on cash withdrawals and the collection of checks in Lebanese Lira.

The new commission rates range between 0.2 and 0.4 percent on each withdrawal, and the commission on checks in Lebanese Lira is between LL1,000 to LL1,500.

The commission is imposed on cash withdrawals that are above $5,000. These measures are part of the banks' strategies to boost the number of customers using digital banking services.

"We are removing commissions on d...

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