Bpost announces charges for bank customers, then withdraws the plan the same day
Share article:
Share article:

Bpost announces charges for bank customers, then withdraws the plan the same day

© Belga
© Belga

Bpost Bank, a subsidiary of the part state-owned national postal authority, has withdrawn plans to charge some clients for withdrawing money from cash machines, following negative reactions. Bpost had announced it planned to introduce a 50 cent charge for anyone withdrawing money from their account – including at Bpost’s own cash machines. The charge would come into force on 18 March and affect holders of a b.compact account. One withdrawal a month would be free.

Kris Peeters, minister for both economy and consumer affairs, reacted immediately, tweeting a reminder of the agreement reached by the banking sector in 2004, under which customers would be allowed to make 24 free withdrawals a year from machines at branches of their own bank.

“We realise we were too quick to take this decision, and we underestimated the importance of free withdrawals to our customers,” Bpost said in a statement. “In order to respond to the concerns of our clientele, Bpost Bank has therefore decided not to apply this amendment to our tariffs.”

Peeters responded, again on Twitter: “Bpost has withdrawn its decision to charge for cash withdrawals. A good decision to abide by the agreement giving customers at least 24 free withdrawals a year.”

All of the main banks in Belgium offer free withdrawals without limit in number from cash machines at their own branches. The main exception following the Bpost decision is Keytradebank, which pays account holders 50 cents every time they take money from any machine in the country.

The majority of banks also charge nothing for withdrawals from machines at other banks. Exceptions are KBC, which charges 20 cents, and ING, charging 50 cents.

Alan Hope
The Brussels Times

Latest news

Experts call for more widespread use of masks as figures rise
As coronavirus figures continue to rise, Belgian Prime Minister Alexander De Croo has suggested that people return to wearing masks when indoors with ...
Belgium wants to recover €420 million in wrongfully paid out coronavirus aid
The Belgian State intends to recover €420 million of unduly paid Covid-19 aid, La Libre Belgique reported on Thursday. The electronic Council of ...
Why the fight for transgender rights is polarising Europe 
Year after year, Samuel De Schepper would ask Santa Claus to bring him a penis for Christmas. Born female and attending an all girl’s Catholic ...
New offshore wind farm officially opened
Despite being operational since the end of 2020, the SeaMade offshore wind farm was officially inaugurated on Wednesday by Prime Minister Alexander ...
Contact tracers have no time for calls, only texts, amid rising cases
Contract tracers will no longer make phone calls to the high-risk contacts of people who test positive for the coronavirus beginning from Wednesday, ...
Belgium holds on to top spot in FIFA rankings despite recent losses
Once again, Belgium's Red Devils have held onto their position at the top of the world football rankings, according to an update released by the ...
Proximus pushes for high-speed internet in Brussels and Wallonia
Fifteen municipalities in Wallonia should soon have access to high-speed internet through the rollout of fibre optics in the region, telecoms giant ...
Why Belgium is regulating sex work
After decades of confusing rules and hypocritical policy, Belgium is finally regulating sex work by removing prostitution from the criminal law. ...
World’s largest chocolate warehouse opens in Flanders
On Thursday, Barry Callebaut – the largest global chocolate processor and manufacturer – opened the world's largest chocolate warehouse in Lokeren, ...
Belgium in Brief: Equal Opportunity To Dance
There's a phrase where I'm from, more often said in jest nowadays, but it came to my mind this morning: "Ye dancin'?" (Are you dancing?), one ...
Farmer discovers cocaine in banana boxes bought in Brussels
A Flemish farmer who purchased boxes of bananas at the market in Brussels on Tuesday came home to discover large amounts of cocaine packed among the ...
Changes to speed cameras increase likelihood of a ticket
Changes to the way speed cameras work in Flanders and Wallonia will increase the likelihood of receiving a ticket when cars pass them above the ...