“Gazeta Wyborcza”: Cash will not be profitable
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From April 3, mBank charges PLN 5 for cash withdrawals from third-party ATMs and Euronet, and a commission for withdrawals below PLN 300 from an ATM in its own network. Blik and withdrawals at the store’s cash register will no longer be free – writes Tuesday’s “Gazeta Wyborcza”.
“Customers who normally pay cashless will not experience any changes. At mBank, we have long focused on cashless transactions and self-service, which is why we increase fees mainly related to cash withdrawals. The prices of goods and services have increased significantly in the last two years. This also affects the service costs we incur,” mBank press office employees tried to explain in an interview with Wyborcza.biz.
The newspaper points out that “nevertheless, the new price list caused a wave of dissatisfaction among the bank’s customers, who even declared that they would close their accounts and switch to competitors.” “This is because from next Wednesday most of them will have problems using ATMs for free. Not only will Euronet and Santander ATMs be treated as a foreign network, but even in the case of mBank network ATMs (as well as Planet Cash), when withdrawing less than PLN 300, a fee of PLN 2.5 will be charged,” he says.
According to the daily, “mBank is also introducing a commission for withdrawals at the store’s cash register (cashback) of PLN 2.” “The required remuneration amounts are also increasing, which exempt Intensive clients from paying for the account – from PLN 7,000 to PLN up to PLN 10,000. PLN net. If the condition is not met, such an account at mBank will cost as much as PLN 49.50 each month,” he states.
He adds that “from next Thursday, the commission will also be payable in the case of cash withdrawals using Blik.” (PAP)
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