The 11 main banks in Spain adjusted the collection of annual commissions for the maintenance of current accounts. It is a measure aimed at those users who do not comply with the conditions of their ownership and whose amount can reach 240 euros in some institutions.
Since June, banks are generalizing commissions so that your clients adhere to the requirements agreed upon when opening their checking accounts. For example, Santander bank, through its One program, stipulates that users make direct debits of income or payments , purchase savings, financing or insurance products.
«Santander applies a commission of 20 euros per month from the beginning of this year to customers who do not meet any requirement of the new Santander One program. In total, these customers pay up to 240 euros per year, most expensive bank together with CaixaBank ”, explained the newspaper El País of Spain in an article published on its website.
According to the report, during the first quarter of the year the banks Santander, BBVA , CaixaBank, Sabadell and Bankinter, reached a total of 2,134 million euros in net fees , which would represent one of their main sources of income. Other banks that have already adjusted the commissions are: Abanca, Ibercaja, Kutxabank, Unicaja, ING and Bankia.
The rest of the amounts that banks will begin to adjust ranges between 100 and 160 euros yearly. The measure would be due to the fact that financial institutions are looking for formulas to keep their business models afloat in the face of low interest rates.
Bitcoin without “maintenance” fee
Unlike what happens with banks in Spain and the collection of commissions for maintenance of accounts, the Bitcoin network is presented as an alternative since does not generate semi-annual or annual charges . The digital system eliminates the need to involve trusted third parties since transactions are carried out by users directly between them.
Bitcoin is designed to charge, for the most part, low commissions when the participants of the network decide to send funds from person to person. There is also no risk that, as with banks, a third entity decides to block a bitcoin “account” because it does not comply with the established guidelines.
In fact, the banks’ decision is raising a tinderbox of comments against . One of them was the Twitter user @ Gazpachuelo4 who complained when he said: “Well, we will have to put the savings back in the mattress.” Another questioning came from @mago_fer who recalled that “bankers have their people in government, they can do whatever.”
In the past, banks in Spain would have blocked user accounts for carrying out transactions related to cryptocurrencies, a fact that has been reviewed by CriptoNoticias. Some of them would be BBVA, Pibank and Bankia.