CEC Bank said Wednesday it has signed an agreement with the state-owned postal company to deliver debit cards to people with pension accounts at the bank.
The bank added it would not charge any administration fees on these cards until the end of the year. After this period, users may choose to continue to get their pension on debit cards for a monthly administration fee of RON1.5, compared with the bank’s regular debit card fee of RON3/month, or may close their debit cards.
CEC Bank has around 400,000 customers receiving pensions in current accounts opened at the bank and 10% of them collected their pensions in cash.
The bank has an extensive network of offices and a wide presence in rural areas.