CGD bank
Aug 6th 2019, 11:52 am
#1
BE Enthusiast
Thread Starter
Joined: Dec 2008
Location: Tavira
Posts: 329
CGD bank
I have banked with CGD for many years and have never paid a yearly charge for my debit card ( Visa Electron). They took 18 Euros! This is on top of the 5 Euros a month just to have an account!
Aug 6th 2019, 2:59 pm
#2
BE Enthusiast
Joined: Mar 2019
Posts: 871
Re: CGD bank
We're with Novobank and they made it clear that there were no charges for debit cards from the start but that could maybe change in the future.
Aug 6th 2019, 9:29 pm
#3
BE Enthusiast
Joined: Aug 2017
Posts: 657
Re: CGD bank
Millennium pretty much the same. The teller was aghast when I showed him my latest rewards statement from NatWest. The concept of banks rewarding / bribing you to stay with them was really quite alien to him.
Aug 6th 2019, 10:08 pm
#4
BE Forum Addict
Joined: Jun 2012
Posts: 3,033
Re: CGD bank
Debit cards and cash machines were invented to save the banks from hiring tellers.
If they charge us for the debit cards, do we have the choice to go back to taking out cash over the counter?
Why should we keep our money in banks anyway?
They pay no interest and they aren't very safe.
Hmm.
If they charge us for the debit cards, do we have the choice to go back to taking out cash over the counter?
Why should we keep our money in banks anyway?
They pay no interest and they aren't very safe.
Hmm.
Aug 6th 2019, 11:17 pm
#5
Forum Regular
Joined: Jul 2017
Posts: 89
Re: CGD bank
Why don't switch to Activo? They charge nothing for account/debit card etc.
They have a decent app and you visit them only once to set up account and get your cards (within a few minutes of opening an account)
Still don't get why people pay for having an account.
They have a decent app and you visit them only once to set up account and get your cards (within a few minutes of opening an account)
Still don't get why people pay for having an account.
Aug 7th 2019, 4:38 pm
#6
Forum Regular
Joined: Dec 2015
Location: Porches, Algarve
Posts: 178
Re: CGD bank
Do they have any physical locations to deposit or withdraw larger amounts than allowed at multi banco?
Aug 7th 2019, 9:04 pm
#7
Forum Regular
Joined: Jul 2017
Posts: 89
Re: CGD bank
You can deposit in any Millenium branch as they are in the same group of companies.
Aug 13th 2019, 4:05 pm
#8
Forum Regular
Joined: Oct 2016
Posts: 218
Re: CGD bank
We had been paying CGD an annual debit card fee ever since opening the account in 2009, always around 15-18€. Then current account fees were introduced even if you had above a certain amount a few years ago, but if you had the required amount in a savings account with them (5000€?), then it’s only 2-3€ per month including fee free debit card.
