Bank commissions: Banco Nación one of the entities with the highest costs

The use of the network ATMs It is free for debit card holders associated with salary accounts, retirement payments or social plans, who can use any ATM free of charge, regardless of which bank or network they belong to.

Instead, according to the Central warns, Yes “has cost the use of ATMs other banks and those that are installed outside branches banks, such as in supermarkets, shopping malls and service stations, even when they belong to the entity itself”.

Thus, for example, a Banco Nación customer can make all the withdrawals they want no fee in the machines that are inside any branch of the Nation, but shall pay if you withdraw your money from ATMs of Santander, Provincia, BBVA, etc.; Or if you use one installed in a business or in other extra-bank areas.

Who can do free extractions?

What exceptionthe current regulation contemplates that they have the right to use free any cashier automatic those who have debit cards associated with:

–A salary account. They are savings banks where companies deposit the salary of their employees.

–A pension account. They are used for the payment of retirement and pensions.

–The collection of social plans. Banks cannot apply charges when recipients withdraw amounts of state aid either.

The Central Bank reminds that those who have these accounts “may use any ATM free of charge, no matter which bank or network belong”.

Now this has a limit: As they clarify, extractions from salary, pension and plan accounts are free “up to the total creditWith which, if that same savings account were also used to receive money from other sources, there may be charges when withdrawing it.

Frequent use: how much do banks charge?

According to a BCRA survey, during November 2022 the banks will be applying charges of:

• Issuance of additional credit card: in the BNA, the cost is $123.42 while, for example, Banco Provincia charges only $28.
• Replacement of debit cards due to theft or loss: BNA charges $633.77 and is only surpassed by Brubank at $700 and BBVA bank at $850. The cheapest option is Banco Credicoop, which only charges $66.55.
• Use of another entity’s ATM, same network: while the BNA charges $250.96 like REBA, there are cheaper options in private banks such as Banco Galicia at $160, Banco BBVA $135 and Banco Credicoop $116.
• Use of another entity’s ATM, different network: in this case, BNA leads its competitors with a cost of $313.70 above the most expensive, Brubank at $260.

The particularity is found when we analyze the cost of using an ATM abroad. In this case, the cheapest options are carried out by Banco Nación and Banco Credicoop with only US$4.80 and US$4.50 respectively. Banco Hipotecario leads in costs with up to US$16.50.