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Changes in the Tariff of Banking Fees and Commissions of mBank for SME and Corporates

We kindly inform you that on 15 May, 2015 mBank S.A. introduces the changes into its “Tariff of Banking Fees and Commissions of mBank for SME and Corporates”.

The content of the Tariff was supplemented by, in particular, a new commission for maintenance of the total balance on financial institutions’ all current and auxiliary accounts maintained in the same currency (in EUR or CHF or CZK or DKK respectively) under the same bank account agreement, i.e. in the currencies for which negative interest rates may occur on the interbank market. The new commission may be charged from the amount of the total balance of accounts exceeding EUR 1 million or CHF 1 million or CZK 1 million or DKK 1 million respectively (chapter I.A point 41).

A financial institution is construed as an investment fund, investment fund company, insurance company, reinsurance company, pension company, pension fund or brokerage house.

The justification for introducing a new commission to the Tariff is covering the operation service costs incurred by the Bank in the form of costs of maintaining balances on financial institutions’ current and auxiliary accounts maintained in currencies, for which negative interest rates may occur on the interbank market (i.e. at present: EUR, CHF, DKK and CZK). The balance maintenance commission will be charged by mBank only if negative interest rates actually occur for the given currencies (in accordance with the fee description included in the Tariff).

The consolidated text of the Tariff of Banking Fees and Commissions of mBank for SME and Corporates becomes effective on 15 May, 2015.

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SME and Corporates