Home » today » Business » Charities paid banks more than 2.3 million in negative interest Charities paid banks more than 2.3 million in negative interest July 20, 2022 by world today news – ANP – NOS News•today, 05:08 – — Nik Wouters editor economics — — Nik Wouters editor economics — — Charities have paid millions last year to be able to store donor money at banks. The twenty largest charities involved more than 2.3 million euros that were paid in negative interest, according to an inventory by the NOS. – For the past year and a half, customers have had to pay interest to their bank above certain amounts, instead of receiving interest. The banks said they were forced to do so by the historically low interest rates. When the negative interest rate is introduced in 2020 warned charities for the consequences and asked for an exception. – Still, all funds had to pay. This also applies to Doctors Without Borders, which lost the most with 362,000 euros. “That is a lot of money, which we prefer not to pay to the banks,” says Thijs van Buuren of Doctors Without Borders. “Certainly not if you compare that to the billions in profits they made last year.” –