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I can add 3 EU countries I'm familiar with to the list of places where banks charge a fee for running an account. It's usually pretty low and waived for many gr
by franga2000 6y ago
I can add 3 EU countries I'm familiar with to the list of places where banks charge a fee for running an account. It's usually pretty low and waived for many groups (students, elderly, unemployed...), but still there. A non-trivial amout of course also comes from various service fees like ATM withdrawals, e-banking, various reports, etc., which is where I assume your bank makes its money.
- kwhitefoot 6y agoMy banks don't charge for any of those things either (Santander in the UK, SBanken in Norway). Santander does charge for unexpectedly going into the red I believe but SBanken just charges you interest on overdrafts up to 5000 NOK/ 500 EU). SBanken also makes a little money managing the little I have invested in funds. Santander is making money out of me because I am resident in Norway it doesn't pay interest unless you are resident in the UK