CGD charges money for MB Way transfers

In addition to BPI, BCP, Agricultural Credit and Santander, Caixa Geral de Depósitos (CGD) confirms that it will start charging 88,4 cents for each transfer via MB WAY.

This rate will come into effect as of January 25, 2020. The public bank defined the “rate” of 88,4 cents (already with Stamp Duty), according to the ECO newspaper, to be applied to transfers made from MB WAY services (unit cost).

However, Caixa Geral de Depósitos is not the most expensive given that BPI and BCP charge 1,248 € for each transfer made through the MB WAY app. Santander Totta charges 93,6 cents for such operations.

If transfers are made through the official CGD app, they are free!

As with other banks, transfers via the official app have no commissions. Through the Direct Mail and Easy Mail app the current exemptions are maintained.

The MB Way app is one of the most prominent services for making digital payments. While some banks have started charging for in-app transfers, others remain true to service principles and transfers remain free.


Mariana Vieira

Degree in Secretarial and Business Communication.

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