Bahrain is set to reduce fees on ATM cash withdrawals from current 200 fils ($0.52) to 100 fils ($0.26) from 1 April 2014.

The initiative by the Central Bank of Bahrain was recently approved by Bahrain’s Electronic Network for Financial Transactions (BENEFIT), the national ATM monitoring company.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

BENEFIT chairman, Abdulrazzaq Al Qassim, was quoted by Trade Arabia citing Gulf Daily News as saying that the step comes as part of efforts to upgrade services.

"This will encourage all ATM card holders to use Benefit’s network consisting of more than 460 ATMs across Bahrain," Al Qassim added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.