According to figures released at the end of 2022, withdrawing money from an ATM of a bank other than his own is likely to be increasingly expensive.
In one month, we carry out many operations with our bank card: payment in physical or online shops and withdrawals. Ideally, you should carefully review your bank statement to make sure everything matches. But many people don’t always do this. They could, however, detect increasingly costly lines of expenditure. Those of cash withdrawal fees at another bank.
The dematerialization of the agent makes these operations fewer and fewer. On the other hand, banking institutions tend to increase the costs “from year to year”, according to figures from the comparator Panorabanques, published in December 2022. After an estimated increase of 39% between 2021 and 2022, we should therefore expect a further increase in 2023, at least in some banks.
Costs increasingly difficult to avoid
Usually, withdrawals from the distributors of the establishment of which you are a customer are free. But for practical reasons, it is not uncommon to use a competitor’s device. On average, banks tolerate just under three such withdrawals moved per month, then charge about one euro per operation. The number of free withdrawals is also generally decreasing. The subject appeals all the more to consumer associations the number of physical branches and ATMs is decreasing. Finding a free pick-up location is therefore increasingly complex.
Not all banks charge the same fees. A few do not tolerate any withdrawal moves, but they are rare. Online banks, which do not have ATMs, tend not to apply any. Must therefore check your contract carefully to know their rights. If you make a lot of withdrawals each month, it may be a good idea to switch banks or offers, as premium contracts often remove these fees. Note that in most cases, no additional cost is applied when two different banks belong to the same group.