28.01.2022
FEES FOR WITHDRAWAL FROM AN ATM DEVICE
Fees for withdrawing money from an ATM device are around BGN 0.30 for using an ATM of the bank issuing the debit card and between BGN 1.10 and BGN 1.50 for withdrawing money from an ATM of a foreign bank, experts of the site "My money" have calculated ". There are also banks that apply lower or higher fees.
In the ranking of the site for withdrawing money from an ATM of the issuing bank, BACB, which does not collect fees, is ranked first. No money is collected for withdrawing money with TBI - MasterCard Gold for the first 20 withdrawals of the year, and the next fees are BGN 0.99 per operation.
Most other banks charge BGN 0.30 per withdrawal. There are also banks that charge a minimum of BGN 0.30 plus 0.15 or 0.16 percent of the amount withdrawn, but here too the fees are usually a few tens of stotinki.
Withdrawing from an ATM of a foreign bank is more expensive and ranges from BGN 1.00 to BGN 1.50 per operation. In the first place in the cassation of the site is "TBI - MasterCard Gold", where the conditions for withdrawal are not different from those of the issuing bank. In second place is BACB with a fee of BGN 0.80. Most other banks charge about BGN 1.25 to BGN 1.50. Some banks charge a fee as a percentage of the amount withdrawn, which is at least 0.20 percent of it.
The Bulgarian National Bank (BNB) has already disseminated information on the financial effect of raising fees. There are still no data for the beginning of the year, information is summarized only for the third quarter of 2021. According to the BNB, on an annual basis the total net operating income of banks in the third quarter of 2021 increased by BGN 176 million (5.7 percent) to BGN 3.3 billion, to which it contributed mostly by the large amount of net income from fees and commissions.
Compared to the first nine months of 2020, the net income from fees and commissions increased by BGN 145 million (19.2 percent) to BGN 904 million and its share in the net operating income of banks increased from 24.4 percent to 27.5 percent, according to the central bank.
