Having a bank account is something absolutely normal, “acceptable” from many points of view starting from the costs, which in many cases are significantly lower than in the past, thanks to a strong competition that exploits the “power” of digitization . It must always be remembered that in any case these are financial and economic instruments that must have some peculiarities in terms of costs, and be regularized from a fiscal and legal point of view with the state. Even if the accounts are now all managed electronically, and therefore “viewable” by the anti-money laundering body (UIF) and the Revenue Agency to view any irregularities from a fiscal point of view, there are some limits of various types : one of the best known and almost totally applied to any type of instrument such as the current account, is the one linked to € 5000.
Bank account, what happens if you exceed € 5000? “Don’t ever do it”
What is it about? European banks tend not to set particular “limits” in terms of limits, but in some cases, after some of these, some specific costs begin to appear, applied both to accounts but also to prepaid cards and postal books. In fact, the concept of stamp duty is applied “indiscriminately” for any form of instrument of this type that exceeds the average stock of € 5000, and provides for a payment of 34.20 euros per year for individuals and 100 euros for other categories other than natural persons, such as companies.
What does “average stock” mean, referring directly to the portal of the Revenue Agency, to the average amount of the customer’s credit amounts in a given period compared to one year. The calculation of the average stock annual is determined by dividing the sum of daily stocks by 365, regardless of the number of days in which the deposit / account is active. Basically it is not calculated on the actual stock at the end of the year. The amount of the stamp duty tends to be “deducted” in the last days of the calendar year.
Individuals with a basic current account with an Isee of less than 7,500 are exempt from this form of payment euro.
–
