Finance Banking
18:23 19 August 2024
Post by: WBJ

Banks are liquidating ATMs, cash ban possible

Banks are liquidating ATMs, cash ban possible
Source: Pexels

In Poland, there are increasing challenges related to using cash, particularly during vacations and travels. Banks are reducing the number of ATMs, limiting withdrawal amounts, and imposing higher fees for cash withdrawals, especially from non-affiliated ATMs. Some merchants are also refusing to accept cash. Although Poland has not yet fully banned cash transactions, the European Union has set new regulations, including a ban on cash transactions exceeding €10,000 and increased control over transactions above €3,000.

Despite the legal framework still allowing cash, practical restrictions and fees are making its use more difficult. The growing popularity of digital payment methods, like BLIK, is gradually replacing cash in everyday transactions.

(forsal.pl)


More News

lifestyle

LifeStyle
1 month ago

From initiative to exhibition: Faces of Decision Makers debuts at Fabryka Norblina and Varso Place

LifeStyle
1 month ago

Polish Pilates going for international expansion worth PLN 100 mln

LifeStyle
2 months ago

A Polish Brand Without Limits

Book of Lists

Book of Lists
5 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.