Bank360: After more than a year, the free store cash withdrawal just started

By: Trademagazin Date: 2024. 10. 23. 11:42

Cash withdrawals in stores started more than a year after the law enabling this came into force. For now, however, only one or two convenience stores have such a service, and even there the system is struggling with children’s diseases – reports Bank360.hu.

Finally, success crowned the efforts of the Baranya county small shopkeeper, who fought for more than a year to be able to introduce cash withdrawal in the store. As of July 2023, the law obliges banks to provide this option to customers.

Customers with a bank card can withdraw cash in stores for free up to a maximum of HUF 40,000 twice a month when they make a purchase, and the stores also allow this. This can be found in the announcements and business regulations of all banks from July 2023, when this rule entered into force as an amendment to the Act on Payment Services.

In practice, however, the implementation was delayed, and not only because the stores did not want to introduce this service, which is otherwise not mandatory for them. There was a village convenience store that specifically wanted him, but despite knocking on the doorbell at several credit institutions, none of them gave him a terminal capable of providing this service.