At least a couple of reasons but in reality they are much more. Having too much in your checking account can lead to greater risks than a stamp duty.
Storing money isn’t the only way to protect it from risk. Indeed, sometimes a too long stay on the current account can produce the opposite effect and make our money run into dangers. from which it is good to keep it safe. Basically, if it is true that the account is an indispensable tool for our liquidity, it is also true that not paying attention to negative variables could reserve some nasty surprises.
This, of course, does not mean that the money in the account should not be left. Simply, attention must be paid to some rules that are not (always) written. First of all, always keep an eye on the deposit limit, beyond which you will begin to pay the stamp duty. Furthermore, for credits that are too high, the banks themselves start paying commissions to the Central Bank, and then ends up having the withdrawals on the accounts in question to reimburse the expenses.
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Current account, that’s why it’s not worth keeping too much money
In practice, there are at least two good reasons not to overdo the money in the checking account. Also because, there are several banks that have started an extremely restrictive policy on accounts that are too high and with little or no form of active investment. There are in fact several tools that can guarantee a return on their money, so as to make them profit and avoid incurring high commissions or heavy stamp duties.
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A checking account is extremely vulnerable when it comes to such situations. In some cases the foreclosure would even be triggered, ordered by the Revenue Agency through the notification of a notice or a tax bill. In that case, the debtor would have just 60 days to settle and unblock his account. Otherwise, the institution will proceed with the collection directly from the account, until the debt is totally extinguished.
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