ADVERTISEMENT

Fidesz leader: Free withdrawals “a right”

Competition

Parliamentary party leader Antal Rogán pushed forward the Fidesz proposal calling for a constitutional amendment that guarantees customers of Hungary-based banks to receive two free withdrawals a month on Saturday, firing back hard at the Hungarian Banking Association (MBSz).

An MBSz statement of Friday defended banks’ rights to recoup losses from the recently-introduced financial transaction fee by passing costs on to customers and that a free-withdrawal law would only boost the “gray economy.”

In reply, Rogán emphatically stated that the governing Fidesz-KDNP coalition would not allow banks to “get filthy rich” by “seducing” Hungarian families with unfair savings plans. “Making two monthly withdrawals free of charge up to the average income level is a consumer’s right,” Rogán declared.

Rogán also said that Fidesz MPs would certainly turn the draft legislation into law and could pass further legislation making bank card purchases free of charge as well.

Last week in introducing the draft legislation, Rogán explained that the number of transactions to be made free of charge was upped from one to two due to the fact that essentially all the banks raised handling fees in response to the government’s introduction of the financial transaction tax.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.