ATM withdrawal charges in Pakistan are set to rise from May 2025 following the State Bank of Pakistan’s approval of an increase in interchange fees. This decision means that customers using ATMs for cash withdrawals will face higher transaction costs, making it more expensive to access physical cash.
With this change, financial experts predict a potential shift towards digital transactions as people look for alternatives to avoid additional fees. Banks and fintech companies may see an increase in mobile wallet usage, online banking, and other cashless payment methods as customers seek cost-effective solutions.
While the exact fee hike details will vary depending on banks and transaction amounts, account holders should stay updated on their respective bank’s policies to manage their finances efficiently. As the country moves toward greater financial digitization, this change may accelerate the adoption of cashless payment methods.
