– Lusa
After BPI, since May, and BCP, as of June, Santander Totta is the third bank to announce the collection through the application of SIBS.
The president of Santander Totta, Pedro Castro and Almeida, criticized several times the exemption of charges for customers of the ATM system and indicated that the bank will charge for transfers on MB Way, but without indicating value.
“Here in Portugal we have interesting context costs, no ATM fees, and this has costs for the bank, just as MB Way has costs for the bank,” said Pedro Castro e Almeida in Lisbon, in the presentation of the results of the first quarter, having repeated several times the criticism to this exemption in the machines multibanco.
As for the MB Way online transfer system, the manager indicated that the bank will now charge for transfers through this application ( app ), joining banks like BPI and BCP.
Pedro Castro and Almeida indicated that the bank wants customers to use the bank’s own application to make online transfers and said that the bank will exempt customers who have a more active relationship with the bank and may charge in the case of those customers sporadic over a certain limit of transactions.
He also said that in the MB Way application only young customers will be exempt, market in which the bank has bet, namely university students.
Asked several vacancies on the MB Way theme, referred to the month of July as the one where there will be news on the subject, but did not advance the amount that Santander Totta will charge for transfers using the application MB Way.
MB Way is a mobile application that allows you to make purchases, payments or money transfers without the physical use of debit and credit cards. It was developed by SIBS, a company owned by the banks and manages the ATM network, currently having more than 1.25 million users.
After in recent years this system has been free (customers do not pay for the transfers), this year will be the first that BPI and BCP will charge. Other banks should follow, encouraging the use of their own applications .
The bank BCP will charge for bank transfers made by MB Way, as of June 17, 1,248 euros (including stamp duty). Customers who use the bank’s own application will be charged 52 cents (including stamp duty). BCP’s clients are exempt from this commission until the age of 23 and those who have packages such as Prestige, which, according to the bank’s official source, will benefit “more than one million customers, more than half of the total” of BCP customers.
BPI has been charging € 1.20 since May 1 for transfers through the MB Way app. Already in the BPI App “the price is still exempt (0 euros) for all BPI customers,” said official source of this bank.
