KINGSTON, Jamaica — Sagicor Bank has announced a significant change in its fee structure for automated banking machine (ABM) withdrawals, effective Monday, October 20. The fee for withdrawals from other local banks will rise from $59.23 to $61.53. This adjustment impacts Sagicor customers who utilize ABMs at other local banking institutions through the multilink network. The bank attributes this increase to recent adjustments made by JETS Limited, the operator of the Multilink network. Additionally, earlier in October, Sagicor reduced the maximum cash retrieval limit per transaction from $100,000 to $50,000. However, the daily withdrawal cap remains unchanged at $100,000. These changes are expected to influence customer behavior and banking practices in the region.