'CHARGE' TO TAKE UP TO THREE EURO CASH AT THE COUNTER INSTEAD OF THE ATM
Dear Colleagues / and
I am attaching a significant and useful article from daily Corriere della Sera on March 1, 2011, regarding the "tax" that some banks charge their depositors for withdrawals made at ATMs branch in the branches instead ..:
From Corriere della Sera on March 1, 2011.
It starts from one euro to the withdrawal at the counter. Unicredit to BNL, Mps and Ubi, here is the map
LONDON - Withdraw cash at the counter "physical" of the bank, instead of ATM? Be careful, it can be a bloodletting. Is spreading the 'tax on cash. " To withdraw their money from the account, very often, now you pay for. For the current BNL letters have just arrived. The bank led by Fabio Gallia announced that, from April 18, any sampling of liquids in the agency, less than 2 thousand euro, will have to pay 3 €. How to say that anyone who picks it collects only 100 € 97. The rest - 3%, in this case - ends at the bank.
The case is the latest in time and is not isolated. What until recently was an exception, it is becoming the rule. In recent weeks they have decided to apply this committee also Mps and Ubi. Add to Cariparma, Popolare di Milano and Unicredit. Analyzed in six banks, the costs for cash withdrawals at the counter are between one and three Euros. Significant when compared to the average performance of their current accounts: 0.03%. As if to say that it takes more than 10 000 euro deposited in the account for a whole year to offset the cost of a charge of 3 € at the counter. It is a heavy tax, which particularly affects the elderly, not accustomed to the use of debit cards. But also risk alienating other customers unwilling to pay to have what is theirs.
The Monte dei Paschi di Giuseppe Mussari, president of ABI Calls for € 3 per withdrawal at the branch with his latest account Zip, launched in October. Yes, it is an account stated "beneficial to the customer with high operating on electronic channels." But the signal remains. The group Ubi, that at the Summit of the supervisory board has the former president of ABI, Corrado Faissola, until January will not apply any charge to customers wishing to withdraw their money at the agency now collects a levy to € for all 500 €: both with regard to the infant Ubi Zero Zero, launched in December, with both current and new products subscribe to the old, as we Duet. The Unicredit now led by Federico Ghizzoni provides long 3 € for withdrawals at the counter up to 1,500 € Account (Rechargeable Genius). In Cariparma controlled, such as BNL, by the French, but you pay one euro to take the agency up to 500 €. As for the BPM Massimo Ponzellini, expanded the Board of € 1.5, provided by its historic product Flexiconto, to the new current account One-Two-Three, launched in January.
It moves, however, in contrast Intesa Sanpaolo, which has just removed this expense account with the new Easy modular, distributed from February 21 (but remains in force the previous conditions for the old school: a levy of up to 500 € to € ). "You do not want to penalize those who are in office, is our level of contact with customers," they say. From the point of view of banks, the 'tax on cash' urges customers to use lower cost channels - ATMs and the Internet - and maximize revenues from individuals at a time of low interest rates, which is difficult to make the collection.
operation is considered in line with the directions on the ABI not only reducing the circulation of cash, but also the Bank of Italy, on cost containment reiterated by Governor Mario Draghi Saturday at Forex. From the perspective of customers, however, this is perhaps the most odious of all bank charges. "Our customers can take free at ATMs up to € 2 000, with the support of a colleague, if needed - says Alexander D'Agata, retail market manager of BNL -. But at the counter bank transaction costs for employees and information systems. And the price of a service is related to the cost. " "The indication is clear Dragons, rationalize - said Stefano Caselli, professor of Economics at Bocconi financial intermediaries -. And one way is to reduce the use of cash, making it more expensive. Of course, for banks the cost structure is now very heavy. Clear that they seek ways to increase revenues. "
Alessandra Puato