{"id":5745,"date":"2011-01-18T08:50:25","date_gmt":"2011-01-18T13:50:25","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=5745"},"modified":"2011-01-18T08:50:25","modified_gmt":"2011-01-18T13:50:25","slug":"chamber-president-says-bank-fees-insane","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2011\/01\/chamber-president-says-bank-fees-insane","title":{"rendered":"Chamber President Says Bank Fees &#8216;Insane&#8217;"},"content":{"rendered":"<p>The Grand Bahama Chamber of Commerce president is appealing for a reduction in banking fees, the increase in which he says is causing a strain to many businesses.<\/p>\n<p>K. Peter Turnquest was speaking at the Bahamas Business Outlook on Thursday, and noted the &#8220;insane&#8221; increases in fees that have recently been implemented by several banks, &#8220;no doubt to recoup the increase in bank licence fees recently levied by the Government.&#8221;<\/p>\n<p>Turnquest said he is sure that the increases were not the intended outcome of the government&#8217;s decision, but urged the relevant authorities to have a second look at this situation with a view to reducing the already high burden on businesses, especially those high volume, low profit businesses who may not have the option to pass the cost on to their customers.<\/p>\n<p>Elaborating on this matter yesterday, Turnquest said high fees may deter people from fully utilizing bank services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand Bahama Chamber president is appealing for a reduction in banking fees, the increase in which he says is causing a strain to many businesses.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[87,81,134],"class_list":["post-5745","post","type-post","status-publish","format-standard","hentry","category-business","tag-banking","tag-grand-bahama","tag-money"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/5745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=5745"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/5745\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=5745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=5745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=5745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}