Organization of Consumers and Users (OCU) warned that many banking institutions have begun Deposit up to 100 Euros as commission in the checking accounts of retirees To complete various processes, such as withdrawing money at a teller window, going to a bank to make a transfer, or maintaining a checking account. Hence it warns to control these expenses and go to banks where these services are free.
The OCU gives the example of a retiree who has a domestic pension of at least 900 euros per month, withdraws 400 euros every month and makes various transfers at the teller window amounting to 300 euros. In this case, the banking institutions Banco Sabadell, BBVA and Bankinter will charge the pensioner 104, 96 and 78 euros per year, respectively.
it should be added Other institutions charge a commission of up to 80 euros per year For maintenance only. You will have to add between 18 and 30 Euros a year for the maintenance of the card. In total, 100 euros in commissions that affect the pension of the retiree.
OCU recommends this commission-free account
On the other hand, there are accounts in which maintenance charges, making transfers and withdrawing money from any unit are free. In this case, the OCU recommends day to day account cash bankwith which you shouldn’t have to pay anything and that’s more interesting according to the analysis for people over the age of 65,
Most banks charge a commission for conducting operations. The most common are those applicable to transfers made directly from the branch and can reach up to 0.4% of the amount. Some of the institutions’ products that apply this commission include BBVA’s Va Contigo Salary Account, Unicaja’s Plan Cero, Ibercaja’s Pension Account, Caja Laboral’s 0.0 Account and Kutxabank/Cajasur’s Ok Plus Account.
According to OCU report, The card also covers the cost for pensioners, Thus, Bankinter charges 30 Euros to the pension account, Ibercaja 28 Euros for its pension account, Globalcaja 18 Euros and CajaMar another 18 Euros (the latter, with the exception of pensioner members of the savings bank with income above 1,037 Euros). with) charges Rs.
Regarding the maintenance of the current account, Banco Sabadell charges 80 euros per year for this service, but only if pensions and receipts are paid into direct deposit. Ibercaja, on the other hand, charges 12 euros to those who contract the Globalcaja You Choice plan “only” with direct debit pension and card purchases.
The agency also reports commission for withdrawing money from the window, For example, BBVA charges 2 euros for those who withdraw less than 2,000 euros in cash; CaixaBank also charges them a fee, but if people are over 65, they can do this operation for free at tellers five times a month. This will affect not only withdrawal of money, but also income and bill payments.