Current accounts free for pensioners and low-income

There are several financial instruments designed for pensioners and low-income families, from the new base account. In general it comes to current accounts at zero cost for those on a low income or a pension.

It starts, as mentioned, the income base that does not include expenses and stamp duty and minimal cost to all those who have an income indicator Isee less than 7,500 euro or a pension of up to 1,500 euro per month. The current account is expected by the decree Save Italy and was presented after the definition of the agreement between Abi, Treasury, Bank of Italy, Post and associations of providers of payment services.

According to the president of ABI, Giuseppe Mussari, is an "instrument of financial inclusion and the fight against cash. We hope that the income base increases the number of bank customers. " The goal is to reduce costs for population groups with low and middle income.

There are two types of people who will use this new feature: the first type, who has a Isee under 7,500 Euros, and free services will be exempt from the payment of stamp duty (which amounts to € 34.2).

The account offers a issue, renewal and replacement debit card, payment transactions through debit card unlimited, 6 the counter cash withdrawals, ATM withdrawals or service provider of payment or its Group Unlimited, 12 donations via automated teller machines (ATMs ) of other service providers of payment, direct debit transactions or national SEPA unlimited, 12 recurring payments via bank with direct debit, with 6 payments made by bank debit, 12 cash payments and check payments, 36 payments received by bank (including crediting of salary and pension), 6 lists movements, a communication from transparency (including postage), 4 of the periodic mailings (bank statements and doc. synthesis, including postage) with return exceeding the number of operations included in the fee.

The second type is represented by those who receive pensions of up to 1,500 Euros per month: for them, the bill will be free, however, provide for the payment of stamp duty and the account offers a issue, renewal and replacement debit card, payment transactions through debit card unlimited, 12 cash withdrawals at the counter withdrawals at ATM (ATM) service provider's payment or its Group limitless, payments received by bank (including crediting of salary and pension) unlimited lists 6 movements, a communication by transparency (including postage), 4 of the periodic mailings (bank statements and doc. synthesis, including postage) with return exceeding the number of transactions included in the canon.

As can be seen from these offerings, the much-heralded account zero expenditure actually does not exist because it involves some cost of the bill anyway. The new, in fact, do not contain the amount of the amounts but only the number of free transactions, 12.

This means that banks will be able to apply the desired amount of the drawings, referring potentially on current accounts to zero costs. In practice, a pensioner under the thousand Euros per month, which is forced to deposit his money in a current account and then withdrawing them, perhaps through a credit card, you could be faced with significant costs, represented, for the ' in fact, by the committees.

 

30/04/2012

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Source:

Italian version of ReteArchitetti.it