BOT fee overhaul to cut bank income by 5bn baht

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Thailand’s central bank is overhauling 19 banking fees to lower costs for households and SMEs. The new framework standardizes charges across deposit accounts, payment transactions, electronic cards, and SME loan-related fees. The Bank of Thailand says digital technology has reduced banks’ operating costs, so several fees no longer reflect actual service costs. The central bank expects the changes to reduce industry income by up to 5 billion baht annually, with phased implementation completed by October 2026.

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