withdrawals will all be paid

A real revolution for the banking sector. Cash is scarce and reorganization is necessary.

The last few months in our country have highlighted an almost vital necessity on the part of the institutions of to direct the habits of Italians towards using ATMs and credit cards compared to the more common cash. This is clearly to reduce the risks of tax evasion. The initiatives launched in recent months, cashback and receipt lottery clearly go in this direction. Reward those who use credit cards and debit cards compared to cash.

Consequently a be affected it is the banking sector, specifically as regards the ATMs of the various agencies. A real Revolution is in progress. Soon more and more agencies will disappear and give way to simple consulting offices. Many ATMs they will close and the whole policy will be reconsidered. Basic commissions of 0.50 cents per withdrawal and variable amount depending on the credit institutions if you withdraw from a bank that is not ours. Everything, however, still appears to be on the high seas at the moment.

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Little cash around and bank crisis: what could happen soon

The counters will decrease but the costs will be higher, a logical consequence of a general dynamic that will gradually lead to disappeared, perhaps, of most ATMs. Management costs increase for banks in the face of an increase in online transactions and with different types of instruments ATM or credit card. The consequence will be the increase in expenses for the account holders who will go to pay commissions higher on withdrawals.

This could lead to a further decrease in the circulation of cash and consequently to an increase in operations by debit or credit card. In short, the sector risks receiving a severe blow.

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To end 2021 the final decision by the institutions on a review of the entire sector is awaited organizational which risks compromising many dynamics, as well as increasing the costs of managing current accounts for citizens.

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