Free cash withdrawal based on effecitive law and NGM regulation

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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.

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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.

 

The bank account owner has to register for a statement at the bank that they would like to withdraw cash free of charge. We are not able to provide this opportunity without registration.

You can register for a statement at UniCredit Bank in two ways:

  • at our branches in person, or
  • if you have a user ID for our Internet Banking service, you can make your registration electronically by clicking on the “Register on free cash withdrawals” button under the Orders/New orders menu.

Please pay attention to the following:

  • You can register for a statement for only one account and only one statement can be registered.
  • If you specify the bank card number when registering for the statement, the free cash withdrawal will be set for the account which is primarily linked to the card at the time of the declaration. Please note that if the order of the accounts allocated to the card is changed, the statement for the free cash withdrawal will not be transferred to the new primary account. If you would like to withdraw cash free of charge from the bank account newly set for the bank card, you will need to register for a new statement.
  • Only the owner of the account can register for the statement.
  • If you have several accounts with different financial institutions, you can register for a statement for the free cash withdrawal only at one service provider. If you register for a new statement, it will be automatically updated for the new one.

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.

 

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.

 

If you have already registered for a statement in one of the banks, register for a new statement in respect of your new bank account and statement will be automatically updated.

Next month, cash withdrawal will already be free of charges on your new account if you registered the new statement by the 20th day of the current month.

In order to comply with the provisions included in Section 14 of Act XI of 2014 on the modification of certain acts related to free cash withdrawals, public utility fee reductions and consumer protection, our bank automatically increased the daily ATM cash withdrawal limits to HUF 150,000 for those bank cards where this limit was lower than HUF 150,000 before. This limit modification is free of charge for you. So, for example, if your daily ATM cash withdrawal limit was HUF 100,000, it is changed to HUF 150,000 after the law entered into force.

If the account holder is a minor, the bank did not increase automatically the daily cash withdrawal limit for bank cards related to the Diák and Dobbantó bank accounts to HUF 150,000. The minor account holder and his/her legal guardian can decide together on increasing the limit lower than HUF 150,000. Of course, the limit modification is free of charges in this case as well.

If, for practical or security reasons, you would like to reduce the daily limit of HUF 150,000 set by our bank, you can do that free of charge at any of our branches or our Telephone Banking customer service. If, as your financial needs change later and you need a higher daily ATM cash withdrawal limit, to increase the limit up to HUF 150,000 will also be free of charge.

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.

 

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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