PKO Bank BP has introduced fresh charges since 7 October. Up to 20 PLN for cash withdrawal

PKO The Bank of Poland announced the introduction of fresh changes to the Bank's Fees and Fees Tariff, which will apply from 7 October 2024. It is worth paying attention to details, especially if you are a client of corporate banking. These changes cover not only toll issues but besides update tariff titles in contracts and another bank documents. Here's the most crucial information you should know.

What changes in the PKO BP Tariff?

As of 7 October, PKO BP introduces an update of the Tariff of bank commissions and charges, which will primarily affect corporate banking customers. This amendment concerns the modification of the titles of documents, which aims at improving their transparency and better alignment with current legislation.

Although the bank has not yet reported detailed changes in the amount of fees, it is worth checking bank communications and individual notifications sent to customers regularly. specified measures will aid to avoid unexpected costs and realize the fresh conditions that apply since October.

What precisely does the fresh Tariff include?

One of the biggest changes affecting client portfolios is the introduction of fresh rates for cash withdrawals from ATMs. From 7 October:

• Payment of cash from another banks' ATMs: The fee may be up to PLN 20 per operation. It is worth checking which ATMs you usage most frequently to avoid advanced costs.
• Payment at the bank branch: The changes will besides include cash payments made at PKO BP.

These changes can be peculiarly burdensome for people who frequently usage another banks' ATMs or like to pay cash in conventional branches.

How to Avoid advanced Charges?

Tariff changes may lead to additional costs, but there are ways to avoid them:

1. Use PKO BP ATMs: Payment fees from own bank ATMs are usually lower and frequently even free.
2. Choose Non-cash Payments: Payment cards and mobile applications, specified as BLIC, let convenient and safe payments without having to pay cash.
3. Monitor your operations: Check transaction past and usage SMS notifications or mobile application to avoid unexpected charges.

Why is Bank making changes?

PKO BP argues that the changes consequence from the request to adjust tariffs to expanding operating costs and changes in client behaviour. Banks around the planet face the request to modernise infrastructure, which frequently leads to increased bank charges.

This change is besides reflected in the global trend towards reducing the number of cash operations. More and more banks advance the usage of electronic banking and digital payments, which is more convenient and cheaper for customers.

How to Prepare for Change?

1. Review of the Agreements – Updated papers may require your approval. Check that the fresh conditions are in line with your expectations.
2. Analysis of fresh Fees – If you are moving a company, it is worth consulting a banking advisor to realize how tariff changes can affect your finances.
3. Communication with the Bank – If you have any doubts or questions about fresh terms, delight contact client service to explain any confusion.

PKO BP

Do Changes affect All Clients?

For the time being, the changes are only addressed to corporate customers, i.e. those who operate or usage banking services within companies. However, the bank may introduce akin updates for individual customers in the future.

Why follow the Bank’s communications?

Banks regularly update their tariffs, adapting them to changes in regulations and fresh marketplace requirements. It is worth keeping up with you to avoid misunderstandings and possible charges you may not know about.

If you are a corporate client of PKO BP, fresh changes in the Fees and Fees Tariff can affect the way you manage your finances. delight read the fresh terms carefully and make certain you are up to date with any bank updates.