Spanish ATMs now trap Brits with 2nd screen after choosing Euros
13 Articles
13 Articles
Die Presse
The operators of ATMs earn with the number of transactions, not with the withdrawal sum: reason enough for some providers to introduce lower lever imits. The OeNB dewarned.
The SNB sees this as "all critical" and declares that the operators earned in the number of transactions and not in the volume of withdrawals.
Independent ATM operators can charge fees for cash withdrawals in Austria. Now, such a provider has also reduced the limit from 400 to 200 euros.
Those who withdraw cash these days could experience a nasty surprise. At hundreds of ATMs throughout Austria, the devices suddenly spit out only 200 euros per fix instead of the usual 400 euros. Those who need more money must put the card in the slot a second time. Which ATMs are affected and how Salzburg's financial institutions react to it.
“This is yet another attack on the population’s access to cash, and on top of that, a blatant rip-off,” criticized FPÖ consumer protection spokesperson MP Peter Wurm today, referring to the reduction of the withdrawal limit at numerous ATMs from €400 to just €200 by the operators. The reason for this is likely that the providers usually earn money from the number of transactions, not from the amount withdrawn. “Access to cash is made more diffic…
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