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From your link: > In some EU countries, your bank might still charge you an annual fee for this basic payment account. This fee should remain reasonable. For
by jussij 7y ago
From your link:
> In some EU countries, your bank might still charge you an annual fee for this basic payment account. This fee should remain reasonable.
For someone who is really poor, that annual account keeping fee is a much bigger hit to their pocket when compared to others not doing it so tough.
- username90 7y agoIt is around $20 a year, there are no people poor enough for that to be an issue in Europe.
- throwaway99674 7y agoBelieve me, there are people in Europe for who paying 20€ extra can be an issue. Even worse: unexpectedly having to pay 20€. Source: been there, done that.
- theshrike79 7y agoIt's not an unexpected 20€, more like 1-2 euros a month. Every month. At the same time.
- Mirioron 7y agoMinimum wage in Bulgaria (part of the EU) is €3,743 per year. Now imagine someone that's not full-time employed. €20 for them is not nothing. For them that would be the equivalent of someone earning $100k a year having to pay $500 to have a bank account. Note that often these low income accounts also have to pay when doing (some) transactions.
- Symbiote 7y ago"Reasonable" in Bulgaria will be a lower fee than in Denmark, where the fee is more like €30/year for a standard account (cheaper options are probably available).