Increase in Bank Service Charges

The Central Bank of Iran has required banks to charge customers higher fees for banking operations in rial and electronic banking services.  
New banking fees will be implemented from Nov. 22, the bank said and also allowing lenders to offer up to 30% discount on banking charges to help promote competition between banks.  Bank fees have remained unchanged in the past three years. 
As per the CBI announcement, transferring money through ATMs and mobile applications will cost 6,000 rials for transactions up to 10 million rials. Customers will be charged an extra 2,400 rial for transferring every 10 million rials over and above the initial 10 million rials. The ATM service is the most popular in Iran.