Tag: Online fund transfers

Online fund transfers made free to limit bank visits

To contain the spread of the coronavirus, the State Bank of Pakistan (SBP) has asked banks to waive charges on any online fund transfers. SBP has instructed banks to waive all charges on fund transfers through online banking channels such as inter-bank fund transfer. They will also not incur any cost in case of using ATMs or visiting bank branches to transfer large amounts and can avoid the use of cash.