In fresh months, many banks in Poland have decided to increase their cash withdrawal fees, both from ATMs and branches. These changes affect individual customers and companies, which makes financial management increasingly costly. The largest bank in Poland, PKO BP, besides introduces fresh fees that have been in force since 1 August 2024.
PKO BP – Fee increases for Corporate Clients
PKO BP introduced fresh fee rates and commissions that concern corporate banking customers. It is worth noting that these changes do not include individual customers who proceed to usage the erstwhile rates in force since 1 June 2023.
As part of the fresh fees, PKO BP increased the monthly moving costs of current accounts and ancillary accounts. The changes besides include the usage of the iPKO business service and the Virtual Accounts service, which is crucial for companies managing mass payments. Moreover, the bank introduced fresh commissions, including for the increase of the balance at the end of the calendar year and for various forms of cash deposits and withdrawals.
Payments Cash – fresh Costs at PKO BP
The fresh fees besides apply to cash operations. Corporate banking customers must now anticipate additional costs for cash withdrawals in open form and for execution of withdrawal orders in branches of PKO BP. Cash payments in bank payments were besides covered by fresh commissions.
One of the latest costs introduced is the charge for a fresh kind of hardware token, which is utilized to authorize transactions in the iPKO business service. In addition, the bank introduces a fee for a fresh kind of envelope to deposit a bill of up to 4.5 kg, which may affect companies that frequently do specified operations.
Higher Cash Payments Fees in another Banks
PKO BP is not the only bank to rise fees. mBank and BNP Paribas have besides introduced changes that affect customers utilizing ATMs and cash registers. For example, BNP Paribas in April 2024 increased the fees for keeping an account and introduced higher commissions for cash withdrawals both at home and abroad.
mBank raised fees for withdrawals from ATMs, both abroad and mBank network. The fresh rates have been in force since April 2024, and customers now gotta anticipate additional costs, especially erstwhile paying smaller amounts.
What does this mean for customers?
Increases in bank charges in Poland are inevitable and aim to compensate for the expanding operating costs of banks. This means that customers request to plan their finances more carefully and avoid unnecessary cash operations that can make additional costs. It is besides worth regularly monitoring changes in bank price lists to avoid unpleasant surprises.
Increasing fees for cash withdrawals and another banking operations are becoming increasingly felt for customers in Poland. The largest bank in the country, PKO BP, and another financial institutions are making changes that have a crucial impact on regular financial management. It is worth keeping up with fresh rates and adjust your financial habits to minimize additional costs.
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New Fees at PKO BP and another Banks – Check out how much Now you will pay for Paying Cash
