Everything is increasing in price and for Italian families it is increasingly difficult to make ends meet.
But the new one also arrives on the bank account sting. Let’s try to understand what happens if we exceed 5,000 euros.
Not even the bank account escapes the perverse logic of inflation. In fact, in the last 12 months the cost of bank accounts has increased a lot.
Bank account sting
But what is worse is that so many services that previously were included in the subscription, today they must also be paid separately.
So in this inflation scenario this is really yet another sting. But when the bank exceeds € 5000 comes the extra sting from the state. Italians are looking for savings because inflation is getting tougher and wages are increasingly uncertain and lower. Precisely in such a situation, Italians are also trying to save on their bank account. Many try to do this by turning to online checking accounts. Surely the online current account costs less than the traditional one.
How it works and how to avoid it
However, it often does not offer the same characteristics and also lacks the interaction with the human operator which is very often fundamental. But whether you are applying for a traditional current account or instead you are applying for an online current account if the inventory exceeds 5,000 euros, the tax arrives. In fact, all Italian current accounts that have a stocks exceeding 5,000 euros must pay the stamp duty. This is a real law of the state and therefore no account can escape this. Stamp duty costs just under 40 euros a year to individuals and 100 euros a year to businesses.
You can avoid the tax like that
Yet escaping this tax is still possible. There is a legal method to escape this tax and that is to lower the balance of the account. In fact, in the stock the liquid money present in the account is calculated but the money that is invested is not calculated. Precisely for this reason investing part of the money in such a way as to keep the stock under € 5000 avoids the stamp duty. Banks in this period are offering a lot of investments that theoretically can also protect against inflation. Obviously, however, before subscribing to these investments it is important to think carefully to understand if they are actually valid and safe investments or not.
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