Nordea To Start Charging a Fee For Cash Withdrawals – Applies to Finnish Customers Only

Nordea's branch on Aleksanterikatu. Picture: Morgan Walker for Finland Today

Nordea’s branch on Aleksanterikatu. Picture: Morgan Walker for Finland Today

Nordea will start charging fees for cash withdrawals from an ATM in November. But only if you are a Finnish customer.

In Sweden, the customers of the Nordic financial giant will be able to withdraw cash for free in the future as well.

“The change concerns only Finland,”said Jon Paavilainen, the senior communicator at Nordea, to Ilta-Sanomat.

In Finland, you can in the future withdraw cash four times for free in a month. After that, the bank will charge 40 cents per withdrawal. The limit covers the whole Eurozone.

Nordea is basing its actions on a study it conducted, where the majority of Finns said that they would rather pay by card than by cash.

According to Nordea, its Finnish customers are spending 5 to 6 percent less cash yearly.

Nordea is present in 16 countries around the world, operating through full-service branches, subsidiaries and representative offices.