In June, ATMs started to transfer inter bank funds

Using the bank's automated teller machine (ATM), the customer can transfer funds from one bank account to another bank. This will reduce the pressure on bank branches and reduce the cash flow.

In order to launch this service in June, the Bangladesh Bank has asked all banks to include the National Payment Switch (NPSB) in mid-February. Islami Bank and Pubali Bank have successfully completed the transfer process through ATM services recently.
Central Bank officials say that the service charge for transfer of inter bank fund through ATM service has not yet been determined. However, the service charge for transfer of funds will not be more than the service charge for withdrawing money from the ATM booth of another bank with one bank card.

Prior to this, the directive issued by NPSSB to set up a service charge of Tk 15 for withdrawal of money each year in the inter bank ATM transaction. At present, the number of debit and credit cards issued by 54 banks out of 57 banks is more than 1.7 million. There are about 10 million credit cards. The country's banks established 9,586 ATM booths.

The Central Bank for Inter-Bank Electronic Transactions introduced the NPSSEB in 2012.

Through this, inter bank transactions are possible with ATM, Point of Sale (POS), e-karma, internet banking and mobile banking services.