Monday, October 2, 2023

How much does Santander charge you for a withdrawal from another bank?

It is important to know that commissions may vary depending on the institution

If you need to withdraw cash from your card and there is no ATM nearby, you have the option of using another institution’s network, but with one Commission extra.

It is important to know that if you have a salary or checking account with a bank, that Cash withdrawals They are free and unlimited. Cardless withdrawals are only offered by banks such as BBVA, Banorte, Citibanamex, Santander, Scotiabank, BanCoppel and Banco Azteca.

In any case, if you want to withdraw cash from an ATM that does not belong to your bank or with which you do not have an alliance, the commissions can be between 10 to 40 pesos depending on the financial institution, the location of the ATM, and whether it is located at a bank branch or a business facility.

How many ATMs are there in Mexico?

According to the Commission According to National Banking and Securities (CNBV), there were a record 61,138 as of last January ATMs in the country. There are six banks that are considered the largest in Mexico due to their importance in the financial system and have the largest number of ATMs.

The leader is BBVA México with more than 14,000 ATMs, followed by Banorte and Santander each of which has more than nine thousand ATMs.

How much does SANTANDER DE cost? COMMISSION?

According to August data from the Bank of Mexico, Santander charges fees higher commission Cash withdrawals if the card is not from this bank will incur a cost of 27 pesos plus VAT.

If you use an ATM other than yours issuing bank Remember that the commissions must be displayed on the screen so that the user can decide whether or not he agrees to continue the process.

It is important to keep your receipts as this will allow you to verify them Operations appear on your account statement and identify any anomalies in good time.

Nation World News Desk
Nation World News Desk
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