Further Polish banks rise fees. fresh rates for cash withdrawal and account keeping

Polish banks, including the largest of them – PKO BP, announced increases in fees for basic banking services, including cash withdrawals. These changes can importantly affect client finances. The article presents fresh rates for cash withdrawal and fees introduced by another banks operating in Poland.

PKO BP – Payment Fees Cash: Here are fresh Rates

Since 1 August 2024, PKO BP introduces a fresh fee and commission tariff. Here are the most crucial changes:

• Current and ancillary accounts: Increase of monthly fees.
• iPKO Business Service: Higher usage fees.
• Virtual accounts: Increase the fees for identifying bulk payments.
• Token Hardware: Introduction of a token fee for a fresh kind of token to authorize orders in iPKO business.
• Payments of cash in closed form: Increase of the commission on currency deposits in banknotes.
• Payments of cash in branches: Increase in payment fees in open form, both reported previously and not reported.

PKO BP, on the another hand, resigned from charging monthly fees for additional iPKO business modules.

Even 10 Gold for Cash from the ATM

PKO BP and another banks, specified as BNP Paribas and mBank, rise cash withdrawal fees. In any cases, commissions for withdrawals from an ATM may even amount to PLN 10.

Bank BNP Paribas – fresh Pricelist and Higher Fees

BNP Paribas introduced the following changes from April 2024:

• Open Account for You: The fee increased to PLN 2.5 per month, with the anticipation of avoiding it at least 1 login to online banking or mobile application.
• ATM withdrawals: The commission is 6% (minimum PLN 10) for withdrawals in Poland and abroad.
• Payment in the facility: The fee is PLN 12, but for the first payment per month.

mBank Raises Prices

Since April 2024 mBank has introduced higher fees:

• Payments from abroad ATMs and Euronet: Fee 5 PLN.
• Payments from mBank and Planet Cash ATMs: Fee of PLN 2.5 on payment of little than PLN 300.
• Cashback at the store's cashier: Commission 2 zł.

Summary: That's how much it costs to pay the money from the ATM

Banks in Poland systematically rise fees for basic banking services. Customers request to be prepared for higher costs related to account keeping, utilizing ATM cards and cash withdrawals. Here is simply a list of the current commissions:

What does this mean for customers?

The increases in fees introduced by banks are a sign of a time erstwhile operating costs and inflation increase. Customers should pay attention to fresh price lists and consider alternatives specified as online banks offering lower fees or loyalty schemes that can aid reduce additional costs.