Banco BICE sued Banco Estado before the TDLC, assuring that its collection rate for electronic transfers does not comply with the provisions of the Supreme Court. For this fact, he requests compensation of 350,000 UF, which translates into US$14 million.
Banco BICE filed a lawsuit once morest Banco Estado before the Tribunal de Defensa de la Libre Competencia (TDLC), requesting a compensation of US$14 million.
The case arose as a result of the charges made by the financial institution for the receiving electronic transfersaccording to slogan Financial Diary.
According to the foregoing, Banco Estado would have collected a figure three times higher than other banks such as Santander, BCI and Banco de Chile.
This fact was questioned by the TDLC, ordering the establishment of a price list with objective, general, uniform and non-discriminatory criteria.
Bice asks for US$14 million for the collection of electronic transfers
BICE, led by the Matte family, affirms that the damage caused to the company amounts to 350,000 UF, which is equivalent to regarding US$14 million.
Banco Estado currently charges 0.01 UF for receiving electronic transfers to all banking entities in the system.
This, following different banks accused him of not complying with a Supreme Court rulingwhich determined that Banco Estado violated free competition and forced it to have a unit rate.
According to BICE, the entity’s collection scheme is still “does not conform to the provisions of the Supreme Court”. Likewise, he asserted to the TDLC that “it is the same rate that Banco Estado has charged the largest banks since 1996, in circumstances where the products, technology and market were completely different.”
Likewise, the lawyers in charge of the lawsuit indicate that the consultant that is advising Banco Estado in its self-regulation process “It determined that the cost incurred by Banco Estado for receiving transfers from other banks was 0.0023 UF, that is, the equal rate that Banco Estado intends to charge exceeds the costs of providing the service by more than 330%.”
“There is precedent that indicates that Banco Estado has charged some banks fees of less than 0.01 UF in the past, even that Banco Estado charged 0 UF,” they add.
