Reduce and freeze bank account fees by OTP Bank
Following the negotiations of the Ministry of National Economy and the Banking Association, OTP Bank, as Hungary’s major commercial bank, is ready to reduce its banking costs by almost two billion forints and extend some preferential actions worth billions of dollars.
The bank writes: « On the basis of constructive conciliation between the Ministry of National Economy and the banking sector, OTP Bank reviewed how it can contribute to the reduction of inflation exceeding expectations as our domestic commercial bank. » Based on the negotiations, OTP Bank has undertaken to counteract the inflation fee for the lawful bank accounts, credit cards and electronic banking services on 1 March 2025.
In the framework of a commitment OTP Bank Ready to extend the billions of dollars, and between May 1, 2025 and 2026, 2025, it is ready to reduce the bank costs paid by its residential clients by almost two billion forints. This amount complies with the reduced impact of the legal inflation fee by 2025, so that OTP Bank, according to the request of the Minister of National Economy, is ready to return to retail bank charges at the beginning of 2025.
In practice, this step means that OTP Bank is ready to reduce its annual fee for physically issued retail forints deposit cards between May 1, 2025 and 30 April 2026, for each customer, by HUF 700 compared to the current annual fee, if there is no different legal provisions for these fees. Non -debit credit card retail bank count The bank is ready to make a single credit in June 2025, with the same assumption for its clients. The promotion does not affect OTP junior cardholder customers because they are free of charge for account management and credit card (with a number of additional services).
The week started with a significant fall on the stock exchange – the shares of OTP, MOL and Richter in deep flight
OTP Bank’s premium discounts are still available to the bank’s customers, and the bank is ready to renew some of them by 30 June 2026, in the absence of a new new legislation. For example, such a discount:
- The e-transfer discount providing a free transfer of free transfer to the most popular « base » account remains available for an action for zero forints;
- The fee for ATM services, reduced on March 1, 2025, remains discounted-beyond the law provided twice free cash withdrawal;
- Continue to be unknown free of charge at OTP Bank’s mid -range exchange of foreign exchange offering exchange rate+ service;
- The bank offers free cash withdrawal in 8 foreign countries of OTP Group from more than 2,500 OTP group ATMs.
The OTP Bank As a result of the negotiations, it is also ready to undertake that it will not implement a fee increase for operating or debit cards for residential bank accounts and debit cards by 30 June 2026.
