Those who have a current account at the bank or post office always have doubts about the safety and convenience of leaving their money in storage.
If the question that account holders asked themselves was normal now, following the Covid emergency, it has become more than legitimate.
According to a recent survey by Bank of Italy the average saving of each Italian is about 69,000 euros. Of which an average of around 15,000 euros are left in the current account while the others are reinvested in various ways.
It is no coincidence that some account holders prefer to keep cash in other places that they deem safer. For example, think of those who hide jewels, precious objects, gold and cash in safes inside their homes.
READ ALSO >>> Do they empty your checking account? What to do to defend against Smishing and Spoofing methods
Current account: the cases in which you have to remove money from your bank
One of the reasons why it is necessary to remove the money from your current account concerns the reduction to the minimum terms of the total amount of money in stock.
Article 19 of Decree no. 201/2011, states that the saver who has amounts of less than 5,000 euros in stock does not pay any tax on the current account.
It is therefore convenient to withdraw the money from the account when the deposit threshold of 5,000 euros is exceeded.
Remaining below the 5,000 euro threshold, lstamp duty annual, equal to 34.20, is not due.
Another case for which it would be necessary to move one’s savings elsewhere is when the value of the statement exceeds the inventory of 100,000 euros.
Probably some account holders have certainly not forgotten what happened in 1992 during the Government Amato who resorted to taxation on accounts.
In fact, in the event of bankruptcy of the bank, the so-called will trigger bail- in, or the “internal bailout” of the bank, which will safeguard current accounts up to € 100,000.
In case of bank failure, what happens if the amount held in the current account exceeds 100,000 euros?
The bank, with the bail-in, takes the surplus figures from the accounts with over 100,000 euros, and uses them for the recapitalization of the bank itself, thus trying to save itself.
The bank will recapitalize to save itself but you will have lost your surplus.
READ ALSO >>> Ponte Morandi collapses, the Government saves them, the Judiciary does not: what arrests in Autostrade!
–
