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Use ING it's free, as long as you use that for your income. Never heard of 40eur/month - that seems like you have some sort of super premium account with multi
by mk89 3y ago
Use ING it's free, as long as you use that for your income.
Never heard of 40eur/month - that seems like you have some sort of super premium account with multiple credit cards or so.
> My first guess would be that Europeans have a perception that their banks are exploiting them, and given any other rational option they will try it out.
Because that's the case!
Most banks are STILL giving you 0.001% as interest, which is a joke considering everything happening around. Some banks are promising 3% p.a. for X months only (for new accounts only) - they really don't want to lose a cent. What other option do we have? Burning money on the bank with inflation going up like crazy and banks getting, as usual, even richer.
- halfdan 3y agoMy guess is that their assets are similarly exposed like SVB or First Republic's. Any long term asset they hold has just lost a massive amount of value and so they need to make up for it by taking the ECB rate and not passing it on to customers. The fee banks that do pass it on will only do so for newly deposited money.