Closing the current account, that’s when the risk exists

Closing a current account: the question is when can this risk become a reality? Here are all the necessary clarifications on this matter.

II Bank account it is undoubtedly a necessary and essential tool for managing one’s money. In a very difficult period like the one we are experiencing due to the pandemic and the crisis that this has unleashed, this system has very often ended up in the spotlight, as subject to various measures and measures, not only by the government.

But here that attracted a lot of attention this time was something else. The reference is to a letter sent by a well-known banking institution, that is Fineco. But what happened and what is it about? Account holders cannot fail to have been, at least in part, amazed and surprised. Therefore, all that remains is to go into detail and specifically to understand if there can really be risks and from what point of view.

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Current account, that’s when there is the real risk of closure

Everything revolves around the money deposited in the current account. In fact, in the event that these are too many, the concrete and real risk of closure may arise. Fineco, however, as it had already filtered in recent days, sent ua letter to all his account holders, explain all unilateral changes to the contract. In short, the bank has set real stakes. In the event that these are violated, the credit institution can terminate the contract at any time. But what are these stakes? Just analyze and explain them.

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To have to be afraid and start thinking is the one who has a higher or in any case equal to the current account 100mila euro. And what’s more, the risks increase if the account holder himself has no form of financing, such as, for example, a mortgage or a personal loan, and no form of investment. In short, a not insignificant novelty. All that remains is to wait for what will happen and what will happen.

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