Stocks in your checking account, there is an amount you should never exceed

Watch out for the balances in your current account, you may have some nasty surprises: this is the amount you should never exceed

Having a Bank account it is essential for those who intend to accumulate their money (from salary or other income) in one place and safe. However, you are not always aware of risks and the limits to be respected to avoid having problems and bureaucratic hassles.

One of the most important elements to take into account concerns the balance on the current account. In fact, it is important to always know how much money you have in your account and how long this money is inactive. There is, in fact, a amount that you should never get over.

Stocks on your checking account, here’s what you need to be careful of

The balance on the current account is none other than the amount of money you have available on your own account at a given time. It is very important to keep an eye on it for various reasons. Specifically, there is a amount you should never exceed to avoid having hassle.

It is essential, in fact, to try never to go in red on your account. Going in the red means that payments have been made beyond the available balance on the account. In this case, it will go against additional charges ed interests.

Also, it would be advised not to have too much money on your current account. This is because the interest income recognized on inventories are often close to zero. Therefore, too much money in your account undermines the possibility of having higher interests e products more profitable, such as i deposit accounts.

In case, the average balance of your account is greater than 5.000 eurothe stamp duty of 34,20 euro per year. So, it is advised never exceed the amount of 5,000 euros on your current account, keeping the average balance below this figure.

The advice is always to manage carefully and sparingly the assets present in the current account, always relying on experts of the sector to avoid hassle and economic problems. It is also very useful to understand the types of expenses that are done, trying to categorize them and possibly cut them in the hardest moments.

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