The choice of your current account must be weighed very carefully, because even if everyone says it is easy to open a new one, especially online, we know that the choice is first and foremost a very difficult and instinctive issue for the consequences it could have.
Imagine we are wrong to open the current account and to realize it only after a few months that we have begun to carry out operations either active, for example with the crediting of a salary, or passive, perhaps charging the bills of the domestic utilities.
The point is simple: our savings must be managed by a bank able to respond to our needs, always! But today it is difficult to really understand what the costs are , even if they are obviously justified by the services that the bank offers us.
The expenses that a current account has are a fundamental variable in the choice and must always be evaluated very carefully.
In particular on the fixed costs and the variable costs of a current account , we can say that each account has expenses that are fixed regardless of how much we use it or not, and of the other expenses or costs that are variable and not determined when we open the account.
For example : fixed costs, typically those that must be incurred to open the account itself or to keep it alive, the latter (variables) are those whose amount depends on the number or type of transactions we carry out. Then there are additional costs for the assignment received, a real loan that the bank provides us with, the so-called bank credit that generates debit interests that are debited to the current account. Obviously the credit is not mandatory but a possible current account overdraft is much more expensive even if more flexible.
To better clarify which are the main cost items that we can find in our year-end statement we list some of these:
Alternatively, for those with limited financial needs, we want to recommend BASIC ACCOUNTS , which are current accounts that have very low or even completely free fees , offering a limited number of transactions included and pre-established services, such as salary credit or of the pension and the debit card are usually always included, a credit card is instead paid separately.
At the time of writing, the size of the stamp duty is synthetically:
The tax is applied at the time of issuing the account statement or statement and relates to the reported period even in the event of opening and closing during the year.
Before choosing a bank account and opening it, it is important to inquire about all the associated costs, such as any debit and credit card fees, commissions to perform operations on the account, interest, periodic settlement expenses and any other type of burden, to be able to evaluate them according to your needs (also with the help of the multiple tools made available on the Internet) as well as in the information sheets that the banks must necessarily provide when opening a current account.
Finally, we remind you that in Italy who has an ISEE (indicator of the equivalent economic situation) of less than 8,000 euros must have no expense and is also exempt from stamp duty.