There will be increases in the cost of the current account for carrying out online transactions. Let’s find out the strategies to avoid a blow.
I current accounts that allow the carrying out of online transactions are among the most appreciated by users. I allow you to make movements, manage your account, practice trading and use many other services while sitting comfortably on the sofa at home. The costs are advantageous but are constantly increasing. It is estimated that there have been increases in the current year about 15% for young people, families with normal operations and retirees with average operations. On the other hand, the costs of over the counter transactions are more stable. Like protect yourself from upcoming increases?
The 2021 price increases on the current account
The holders of current accounts on which it is possible to carry out online transactions have witnessed gods in 2021 unpleasant changes. Most of the accounts that initially appeared to be free of charge have concluded the free payment while others have even doubled the costs. Let’s talk about increases between 11 and 15% for the three categories that most use the internet to carry out banking operations.
To affect the final price are fixed and variable expenses. A long list that includes the monthly fee, the annual fee related to credit / debit cards, the costs of managing the security account, the expenses for the settlement of interest and, finally, account statements paper and the home banking fee. Fees for wire transfers, ATM or ATM withdrawals, bubble taxes are other variable expenses to consider.
How to save in the coming months
To avoid suffering these increases it is necessary follow specific guidelines. The first advice is to withdraw cash only from branches of your credit institution since they charge lower fees. Secondly it is preferable carry out transactions online compared to those at the counter. Despite the increase, in fact, they remain cheaper. In the event of an overdraft account, an overdraft facility could be requested rather than paying the overdraft bills. If you want to apply for a loan or a mortgage, it is advisable to apply various quotes to compare the proposals.
Finally, it should be remembered that opening a online account it is cheaper than opening a traditional account. Some offers provide for a zero fee, the electronic account statement allows you to save on one item of fixed expenses, if you accept the payment of your salary or pension they could be reserved benefits as well as for the domiciliation of bills. In many cases – such as with Orange Account – the debit card is free, withdrawals are not paid and the account holder can take advantage of unlimited operations at no cost.
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