Venezuela's Central Bank updates fees for mobile payments, ATMs, cards, and business accounts

The Central Bank of Venezuela (BCV) has established new limits on the commissions that financial institutions can charge for a range of services. These updated fees, detailed in Official Gazette No. 43,427 published on July 31, 2026, affect mobile payments, point-of-sale operations, ATM withdrawals, and various services for both individual and corporate accounts.

For mobile payments, the commission for person-to-person (P2P) transactions between different banks is now set at 0.30% of the transaction amount, with a minimum charge of 14 bolivars. The same minimum fee applies to unapproved transactions. Person-to-merchant (P2C) mobile payments between different financial institutions can incur a commission of up to 1.50% of the transferred amount, with reversed operations also costing 14 bolivars.

Point-of-sale transactions also see revised fees. Debit card operations will now have commissions ranging from 1.5% to 2%, while credit card transactions may incur charges between 3% and 5%. Banks are also limited to a maximum monthly charge of 23,771 bolivars for maintaining point-of-sale equipment.

ATM usage is subject to updated rates as well. Consultations, rejected operations, and transfers will carry a commission of 54 bolivars. For cash withdrawals, banks can charge a fee equivalent to 3% of the withdrawn amount. The updates also extend to corporate accounts, with fees for services like current account maintenance, reference letters, and printed statements capped at 54 bolivars. Incomplete transactions will incur a 14 bolivars charge, and returned checks can cost up to 587 bolivars for individuals and 662 bolivars for legal entities.

Furthermore, the BCV's update includes modifications for certain dollar-denominated operations. Transactions related to foreign consumption and the sale of foreign currency to individuals will have a 0.50% commission on the transaction amount. Those using prepaid cards abroad will face a 1.50% commission. These adjustments set new maximums for various daily banking services used by individuals and businesses.