Free Cash ATM Limit to be Increased in Hungary
- 5 Nov 2024 6:46 AM
- Hungary Around the Clock
The monthly maximum for free cash withdrawals from ATMs will be raised from Ft 150,000 to Ft 250,000, as Parliament’s economy committee and MPs supported the proposal in the consumer protection subcommittee on Tuesday.
The Ft 150,000 limit, unchanged for 10 years, has not kept up with inflation.
The change is said to cost the banking system several billion forints, as there is a 0.9% transaction tax on cash withdrawals, which banks cannot pass on to clients up to the limit, Portfolio adds.
MTI Stock Photo - for illustrative purposes only
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