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Banking & Bank Charges

Hi everyone,

I was just wondering if anyone of you could tell me about the cost of banking in PNG. I hear that the bank charges in PNG is quite high.

1)  if I want to deposit the cash, is there any % levy on the cash deposit? What would be the % levy?

2)  if I want to withdraw the cash, is there any % levy on the withdrawal of cash? What would be the % levy?

3) if I want to transfer the money from my account to the other account, would the bank impose any % levy? What would be the % levy?

For all of the above, for corporate entities want to do 1), 2) and 3), how much would be the levy?

Thanks!

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