As of July 1st shift. How much cash can you retreat from the ATM? Check the limit from PKO BP bank, Santander, mBank

Changes in regulations concerning cash withdrawals from ATMs are crucial for the regular lives of many Poles. As of 1 July, fresh regulations can enter into force, which will introduce changes in cash withdrawal limits from ATMs at various banks, including PKO BP, Santander and mBank. It is worth reading these changes to avoid unpleasant surprises erstwhile utilizing ATMs.

Why have changes been made?

Changes in cash withdrawal limits from ATMs respond to rapidly changing economical conditions and expanding financial fraud risks. Banks and financial institutions effort to adapt their procedures to fresh realities while besides ensuring the safety of their customers' funds.

The introduction of limits is intended to:

• Increase transaction security.
• Reduce the hazard of stealing funds from bank accounts.
• Reduce the number of card frauds.
• Compliance with the fresh rules governing banking activities.

ATM withdrawal limits from 1 July

PKO BP

PKO BP, the largest bank in Poland, introduces fresh cash withdrawal limits from ATMs to its customers. These changes cover both regular and monthly limits.

• Daily limit: Since 1 July 2024, PKO BP customers can retreat up to PLN 3000 per day from the ATM. This is simply a simplification compared to an earlier limit of PLN 5000.
• Monthly limit: The fresh monthly limit is PLN 50,000. Previously, this limit was not clearly defined, which meant that customers could pay larger amounts within a period without any additional restrictions.

In addition, the bank introduces the anticipation of setting individual limits for individual customers to better adapt services to the needs and expectations of users.

Santander Bank Polska

Santander Bank Polska besides introduces fresh cash withdrawal limits from ATMs. These changes aim to guarantee greater safety of client funds and to adapt to fresh regulations.

• Daily limit: As of 1 July, Santander's customers can retreat up to PLN 4000 per day from the ATM. This is simply a simplification compared to the erstwhile limit of PLN 6000.
• Monthly limit: The fresh monthly limit is PLN 60,000, which is simply a clear step towards expanding control over cash withdrawals.

The Bank besides introduces an option to adjust the limits depending on the customer's needs, allowing greater flexibility in the management of funds.

mBank

mBank, known for its innovative banking solutions, besides changes cash withdrawal limits from ATMs. The fresh limits are aimed at expanding transaction safety and adapting the offer to the changing needs of customers.

• Daily limit: As of 1 July, mBank customers can retreat up to PLN 3,500 per day from the ATM. This is simply a simplification compared to an earlier limit of PLN 5000.
• Monthly limit: The fresh monthly limit is PLN 55,000. This is simply a simplification compared to the earlier limit, which aims to better control cash withdrawals.

Like another banks, mBank introduces the anticipation to set individual payout limits for individual customers, allowing greater flexibility and better customization of services to users.

What are the consequences for customers?

Changes in cash withdrawal limits from ATMs can have different consequences for customers. Here are any of them:

Increased safety

The fresh payout limits are intended to increase the safety of client funds. Thanks to smaller limits, the hazard of stealing larger amounts of cash is limited, which gives more certainty that the measures are safe.

The request to plan payments

Reducing the regular and monthly limits requires customers to better plan cash withdrawals. Customers request to pay more attention to their expenses and plan their withdrawals in advance to avoid a situation where they cannot pay the sum they need.

Individual adjustment of limits

Most banks introduce the anticipation of individually setting payout limits, allowing customers to better adapt services to their needs. As a result, people in request of larger amounts of cash can benefit from higher limits, after being established with the bank in advance.