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Lawmakers Approve No-fee Cashback Service

Banking

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MPs on Wednesday voted to give banking clients the chance to avail of cashback service, free of charge, up to HUF 40,000 a month, according to a report by state news wire MTI.

The legislation was approved with a vote of 129 for, 25 against and 25 abstentions.

The no-fee cashback service is in addition to the HUF 150,000 of ATM withdrawals clients of Hungarian banks are entitled to make free of charge each month.

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