They send a notice about the changes affecting Caixabank, Sabadell and ING customers

In a matter of days, customers of several Spanish banks must be on the lookout for a series of changes that will affect them significantly. Mainly to those who have CaixaBank accounts, Sabadell and ING. These changes will take place in a matter of days.

the Bank had signed an agreement with these entities so that their customers could withdraw money from their ATMs for free. However, the aforementioned agreement will come to an end and there is no intention to extend it. After the absorption of the Bank for CaixaBank, the company undertook with the National Markets and Competition Commission to respect this contract.

The established period was 18 months and this October concludes the term of the commitments acquired with Sabadell and Euro6000. These terms will no longer be in effect in a matter of days. In the case of ING, the period will end in January, according to reports The Spanish.

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  1. What changes affect customers?
  2. How does the collection of commissions from cashiers work?
  3. How much money do I get charged for withdrawing money from an ATM other than mine?

What changes affect customers?

When the merger occurs, the Bank signed an agreement with SabadellING and the Euro6000 network. This would allow customers of these entities to use the tellers of the defunct bank for free. Without any kind of commission or cost.

CaixaBank's commitment facilitated the use of these spaces for at least 18 months. This period is now fulfilled and there is no intention to extend it further in time, according to the company's admission.

Photo of a person withdrawing money from a cashier.

| Getty Images

We are facing two key dates. The closest, on October 16, refers to the term in which the agreement ends with Sabadell and Euro6000. For its part, January 31 will be the last day that ING customers can make use of the aforementioned ATMs free of charge.

The day after these dates, they would start to be charged the corresponding commission for cash withdrawals.

How does the collection of commissions from cashiers work?

It is possible that when we try to withdraw money from a teller outside our institution we get an unpleasant surprise. A message will always appear warning us of a commission charge. This amount may vary from bank to bank.

The current regulations only impose a single condition. The bank that owns the teller has the possibility to collect this money, but our institution must decide whether to pass on the commission to the customer.

For this reason, it is very important that when we open an account in a bank we know the number of cashiers available. The bigger the network, the more facilities we will have for cash withdrawals.

Currently, according to the portal Finance RoamsEVO is the one that offers better conditions. It makes available to its customers all the ATMs in the national territory. Next is ING with 17,808, of which 1034 are its own.

Abanca and Bankinter have 17,800 and 17,000 tellers, respectively. In this classification they are followed by CaixaBank and Imagin with 9400, Santander and OpenBank with 7500 and BBVA with 6000.

How much money do I get charged for withdrawing money from an ATM other than mine?

Institutions usually have a different pricing policy regarding the use of cashiers by external customers. In general, the collection of the commission is between 2 and 3 euros in most banks. Of course, before they give you the money, they will inform you about the aforementioned extra cost so that you can decide whether to continue with the operation.

Another very different thing is abroad, where you have to take on a special commission. It is not very high, although we may notice it excessively if we make excessive use of the cashier. In general, it is a minimum amount of 4 euros, reaching 4% of what we withdraw.

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