BCV Sets Maximum Banking Commission Limits
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- The Central Bank of Venezuela (BCV) recently announced updates to the maximum allowable commissions, fees, and surcharges for banking operations within the country.
- What: Updates to maximum banking fees and commissions in Venezuela.
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Venezuela Central Bank Updates Banking Fees: A Thorough Guide (October 2025)
Last Updated: October 26, 2025
The Central Bank of Venezuela (BCV) recently announced updates to the maximum allowable commissions, fees, and surcharges for banking operations within the country. Published in Official Gazette No. 43,231 on October 9, 2025, this notice replaces the previous regulations issued on November 7, 2022. These changes impact individuals and businesses utilizing banking services, point-of-sale terminals, and exchange houses across Venezuela. This article provides a detailed breakdown of the updated fees, their implications, and what users need to know.
What Changed? Understanding the new regulations
For the first time sence 2022,the BCV has adjusted the fee structure for a range of banking services. While many fees remain unchanged, the updates provide crucial clarity and standardization for the financial sector.The primary goal of these regulations is to ensure transparency and prevent excessive charges for banking services.The BCV aims to balance the operational costs of financial institutions with the affordability of banking for the Venezuelan population.
Key Fee Updates: A Detailed breakdown
Here’s a comprehensive overview of the updated fees, categorized for clarity. (Note: All amounts are in Bolivars (Bs.))
For Transactions in Bolivars
| Service | Fee |
|---|---|
| Issuance of Account Statements (current Accounts – Individuals) | Bs. 8 |
| Cash Advances at points of Sale (Debit Cards) | Bs. 8 |
| Withdrawal from Another Bank ATM | 5% of the amount withdrawn |
| Withdrawal at ATM (Same Bank) | 3% of the amount withdrawn |
| Issuance of Credit Card Holder | Bs. 491 |
| Transfers | Bs. 8 |
For Interbank Mobile Payment Service
| Service | Fee |
|---|---|
| Transactions Approved (Person-to-Person) | Up to 0.30% of the payment amount, with a minimum commission of Bs. 2 |
| Transactions Rejected/Reversed (Person-to-Person) | Bs. 2 per operation |
| Transactions Approved (Person-to-Merchant) | up to 1.5% of the payment amount |
International Transactions
Consumer operations through debit and prepaid cards abroad will continue to charge 1.50% of the transaction amount. This remains consistent with the 2022 regulations.
Exchange Houses
The regulations explicitly state that the amounts charged by exchange houses will remain as established in the 2022 resolution. This provides stability for foreign exchange operations.
Why Were These Updates Necessary?
The lack of fee updates since 2022 created several challenges. Inflation and economic fluctuations eroded the real value of the existing fee limits, potentially leading to under-compensation for banking services. Furthermore, the absence of clear guidelines could have resulted in inconsistent fee structures across different institutions. The BCV’s intervention aims to address these issues and promote a more stable and obvious banking habitat.
– victoriasterling
The BCV’s decision to update these fees,while seemingly minor,is a critically important step towards stabilizing the Venezuelan financial system. the prolonged period without adjustments created distortions in the market. Maintaining the 1.5% fee for