Sunday, October 16, 2016

Higher bank fees: pitfalls to avoid – The Dauphiné Libéré

The drop rate of credits and, therefore, margins on bank loans compel them to change their rates. As of next year, several services are going to cost more, reports the newspaper Les Echos. What will he do for attention?

For the account maintenance fee, for example, The Postal Bank, will charge the service 12 euros per year, then it was up to this time, to 6.20 euros, or nearly double. These costs, which amounted on average to 12 euros per year in 2016 in the major French banks, will reach 18 euros in 2017. If you have, for example, 4 accounts, it will be necessary to multiply the sum by 4. Finally, if you do not trust your income, the LCL will make you pay for holding an account, 24 euros per year. This service will remain free for the other.

For cash withdrawals distributor which does not belong to the institution where you are a customer, again, the big French banks will charge additional fees by reducing the number of free withdrawals allowed per month. If you had 4 allowed, for example, you will no more than three. If you exceed, this service may be charged 1 euro, whatever the amount withdrawn. Train station to the bill that can quickly climb if you aren’t careful.

Finally, for credit cards, while remaining moderate, the contributions are starting to increase again. Between 1 and 2 euros extra per year depending on the establishment. But the scale of banking groups with millions of customers, revenue generated, and are not negligible.

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