Financial Safety Advice

Today there are no clear rules to establish equal rights for all citizens related to open bank accounts in financial institutions under the orbit of the European Union. The power of any inhabitant of a European country to have a bank account does not appear regulated. It is well known bank accounts are an almost indispensable service for these times, so you should complain to the economic and financial organizations equal treatment for all people. At present each country manages its own rules, which implies a lack of knowledge of the rules governing the various countries by workers and students when any transfers outside borders. The shortcomings in the appropriate information and lack of knowledge of the laws that regulate the simple act of registering a bank account in a different country of the European Union may cause some inconvenience to customers and users of member nations.

In some of the countries of the European Union, the decision of whether or not a bank account is an entirely commercial decision due to the economic organization where the operator carries out processing. The role of contractual independence means that lenders are not obliged to accept the opening of bank accounts to any resident who claimed and under any situation. The decision to reject or not the request to open bank account is purely commercial and spring only from the house bank. At the other extreme, there are other European nations which require their financial systems to receive all the paperwork submitted for opening bank account, including also those corresponding to a bank account online. The reason for this action goes back to times gone by when the system was reasonable for low-income citizens, but at present this mechanism has been extended to all citizens. Read the rest of this entry →

The issue is not to stop making money and that is what they are complying strictly financial institutions, in light of declining revenues by lower demand for mortgage loans before the crisis in the sector.

To avoid this situation, many financial institutions have decided to raise the fees charged for their cards, in what refers to the credit, which we have raised its annual fees by 16% to 28.89 euros on average, while debit cards have risen to 13.71 euros and withdrawing cash on credit from the bank itself these commissions are located in the 2.82% and if on the same network but a different bank reaches 3.98 %.

But not content with this, banks have also decided to raise fees for the opening of new loans, not mortgages, up 2.77% maintaining the same level as in 2007 the other committees, such as study or the maintenance and account management.

So, we have no other choice but when we become annual fee card, go to the bank to try to pay us the amount charged or not to pull cards or apply for loans, more difficult and in times of crisis.