Suspended calculation and collection of the commission for maintaining a pre-defined balance as at the beginning of the first business day of every calendar year
We are writing to inform you that we will not calculate and collect the commission for maintaining a pre-defined balance as at the beginning of the first business day of every calendar year as at 2 January 2024.
The commission is defined in the Tariff of Banking Fees and Commissions of mBank for SME and Corporates, Chapter I. Bank Accounts - A. Bank accounts and cash transactions:
'44. Maintaining a total of positive balances exceeding jointly PLN 5 million in all current accounts, auxiliary accounts, Auto Overnight - automatic deposit accounts or Auto Overnight - Automatic Overnight Deposits, and in term deposits held with the Bank as at the beginning of the first business day of each calendar year -
0.32% of the total of positive balances in PLN (the entire balance) at the beginning of the first business day of each calendar year in all current accounts, auxiliary accounts, Auto Overnight - automatic deposit accounts or Auto Overnight - Automatic Overnight Deposits, and in the Client’s term deposits held with the Bank.
NOTE
To calculate the total balance, we add up the positive balances of accounts, Auto Overnight deposits and term deposits maintained in currencies other than PLN - and we convert the balances in other currencies into PLN using the average exchange rate from the applicable Table of Exchange Rates of mBank S.A.
The Bank calculates the commission at the beginning of the first business day of each calendar year and charges the commission within 30 days from that date.
If the Client entered into more than one current account agreement or auxiliary account agreement with the Bank or entered into an agreement on Auto Overnight - automatic deposit account or Auto Overnight - Automatic Overnight Deposit (one or more) with the Bank, or at least one term deposit agreement, we calculate and charge the commission on the basis of only one current account agreement or auxiliary account agreement or term deposit agreement with reference to the aggregated positive balances of accounts maintained under all such agreements.'
We will change the Tariff accordingly in December 2023.
The currently applicable document is available at www.mbank.pl/pomoc/oplaty/interaktywna/msp/
If you have any questions, please contact the Corporate Customer Centre. Ask the Online Assistant in the chat at mBank CompanyNet, click the handset icon in the mobile application or call 22 6 273 273, 801 273 273.