ING and Bankia reach 'free cashpoint' deal
Wednesday, October 4, 2017 @ 3:18 PM
CUSTOMERS of ING bank can use Bankia cashpoints free of charge for withdrawals of €50 or more thanks to a new deal between the two entities.
A commission of 85 cents will be charged by Bankia to ING, but this will not be passed onto the customer.
Until now, ING account-holders were charged commission to use Bankia cashpoints unless they withdrew a minimum of €90.
Those who bank with the Dutch firm can now use – in addition to ING's own cashpoints – those of Banca March, Banco Popular, Banco Pastor and Targobank for withdrawals of any amount, free of charge, plus Bankia ATMs for taking out €50 or more in cash and any other high-street entity for withdrawals of €200 or more.
ING's agreement with Banco Popular for the former's customers to use the latter's cashpoints commission-free remains in place, despite the Popular's having been bought out by Banco Santander.
Read more at thinkSPAIN.com