FREE CASH WITHDRAWAL BASED ON EFFECITIVE LAW AND NGM REGULATION

 

Within the framework allowed by law, you have the possibility to withdraw cash up to HUF 150,000 from ATMs in Hungary free of charges on the first two occasions per month, from the bank account set by you.

 

Who can take the opportunity to withdraw cash in Hungary free of charges?

Any private individual aged at least 16 who has an address or residence in Hungary and registers in a valid written statement in the financial institution i.e. the bank.

For what payments can you withdraw cash free of charges in Hungary?

Clients who have bank cards for the bank account registered for withdrawing cash free of charge can withdraw cash from any ATM in Hungary free of charge, for the first two occasions per month, up to a total amount of HUF 150,000. Beyond this limit, the bank will charge the cash withdrawal fee applicable to the given account package according to its currently valid list of conditions.

Clients who did not have bank cards prior to the law coming into force (before 22.11.2013) are entitled to withdraw cash free of charges at the branches by 31 December 2014 at the latest, also up to HUF 150,000. The bank will charge a fee for cash withdrawals at branches beyond this limit.

If you do not have any overdraft limit in connection with your bank account, the free cash withdrawal is only available if there is a positive account balance and up to the amount of such balance.

If you would like to withdraw cash free of charge to the debit of the credit line, you can do so up to the unused credit line available at our bank but up to a maximum of HUF 150,000.

Is free of charge cash withdrawal valid for credit cardholders twice a month? So, based on this, the bank will not start to charge the interest rate for cash withdrawals with credit cards on the first two occasions per month?

The opportunity is valid for payment accounts. It is not applied to cash withdrawals related to credit card accounts and performed using credit cards.

 

What do you need to do to register for free cash withdrawal?

 

When and until when should the statement be registered?

  • For statements registered until the 20th of the given month, you are entitled to withdraw cash free of charge starting from the following calendar month.
  • If you register your statement after the 20th of the given month, you are entitled to withdraw cash free of charge starting from the second upcoming calendar month.

We are not able to provide free cash withdrawals without the statement.

 

What should you do if you want to switch banks and withdraw cash free of charges at the other bank?
Automatic modification of the cash withdrawal limits for bank cards

 

We help you to switch banks!

Open a consumer bank account in our bank and our advisors will help you to transfer your direct debits to your UniCredit bank account.

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