CaixaBank and Bankia customers may notice changes in terms and account operations
If you are a CaixaBank customer or a Bankia client, you will likely see adjustments in how some terms apply to your bank account. This shift stems from the merger of the two institutions. It isn’t the only change on the horizon, especially regarding cash withdrawals from ATMs this month. Here’s what to expect and why these updates are happening.
A few years back, Bankia had agreements with banks like ING, Banco Sabadell, or the Euro 6000 network. These arrangements offered customers free withdrawals and no commissions at participating ATMs.
CaixaBank notice: commissions for using teller services
Following the merger with CaixaBank, the National Markets and Competition Commission (CNMC) extended a certain condition for a defined period. When the contract ends, customers may face a fee to withdraw cash from ATMs belonging to these banks.
Do I need to declare Bizum payments to the Treasury?
It is important to understand when ATM withdrawal fees might apply. The timing and scope of any charges depend on the status of the banking agreements and the transition of operating platforms after the merger.
CaixaBank promotional news: opportunities around Black Friday
CaixaBank customers may find relevant promotional offers. The prior deal with Banco Sabadell and Euro 6000 ended on a specified date, so commission charges for using their ATMs could resume after that expiry. ING’s contract is set to remain in force until a stated date, with ongoing follow-up on how these arrangements affect customers.
How much money can be sent with Bizum?
The CaixaBank and Bankia merger was completed last year after registration with the Commercial Registry. Since then, CaixaBank has stated that there would be no major changes to everyday operations during the platform transition for each bank. Customers have relied on a smooth migration as the banks consolidated their digital services and payment networks.
Understanding overdraft charges
As accounts and their numbers evolve, lending products such as loans and mortgages originated by Bankia have stayed consistent. This means terms on outstanding credit products and their associated fees remain aligned with pre-merger agreements, even as the underlying systems update.