Economy

The Black Summer of Current Accounts: What Has Changed

Black month of bank accounts e account holders It is approaching with great strides: from July 1, in fact, there will be many unpleasant news that will affect millions of Italians.

Who pays the stamp duty?

By the end of the third quarter of the yeartax fee On Current Accounts: The state recovers money on what is, in fact, a recurring property tax. Founded in 1972, it has never been canceled and is not paid for abroad. In one of our articles, we explained that this tax on checking accounts and postal books is thus a tax payable to the state for every active banking and postal relationship: it affects all accounts, whether personal, joint or corporate, and each year results in a multi-million euro “silent road” for the state. For individuals, the payment is €34.20 per year, while for businesses it is €100 for businesses. As mentioned Investireoggi, the banks split the payment every three months, which is why on September 30, 2020, the debit of €8.55 (€25 for company accounts) will start from the checking account: you pay for the fact that you have a checking account and keep the money deposited there. However, in a few cases, you do not pay: first of all, when the average stock limit is less than five thousand euros. So, the stamp duty does not apply even to relations between administrative bodies and Confidi, non-profit organizations of a union nature made up of small and medium-sized businesses and current accounts of public administrations are also exempted. Finally, an additional exception to the payment of stamp duty on the current account is given by the income capacity of the subject: those with Isee less than 7,500 euros per year are exempt from applying the tax.

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Stop ATM withdrawals

But the news is not over yet: from July 1, 2021 it will not be possible to withdraw from many ATMs: the Dutch banking group will lead the way Action, the “Conto Arancio” online bank, which will shut down 63 automated cash machines spread across the country and reduce the number of branches from 30 to 23 at the same time. The decision appears to be based on a change in business strategy: the need to adapt to the macroeconomic context is constantly evolving. Once the branches and branches are closed, the alternative for customers will be the ability to withdraw from the ATMs of any other credit institution, bearing the costs and commissions stipulated in the contract. In addition to Ing, it will also close the bank Finico: All accounts with large inactive deposits (more than 100 thousand euros) will have to dilute their stock in favor of investments, otherwise the account will be closed (we talked about this here). After that, the last timeline to change significantly is Denmark’s Danske Bank, which announced that it will lower the limit on applying negative interest rates on deposits to 100,000 kroner (about 13,500 euros).

The Close However, public ATMs have already been around for two years with 831 fewer bank branches in only 2020: the data of the Bank of Italy speaks of 23,481 branches in Italy, 3.4% less than the previous year (2019) on the national territory there is a bank for every 2,522 inhabitants but out of 7,904 Italian municipalities, there are 2,802 without a credit bureau – and therefore – even a simple ATM. The Italian map sees eleven regions with a very high percentage of closures: First, in this particular ranking, Valle d’Aosta, which saw a negative -6.3% have its branches shrink from 79 to 74. Immediately behind Liguria (-5.8%) ), where the branches moved from 677 to 638. A step down from the “prestigious” podium of Abruzzo (-5.7%), as the branches moved from 526 to 496. Basilicata (-5.4%), Sicily (-4.4%), Friuli Venezia-Giulia (-4.0%), Piedmont (-3.9%), Umbria (-3.7%), Sardinia (-3.7%), Lazio (-3.5%).

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Negative rates on deposit accounts

But the negative news is only at the beginning: as we mentioned with this piece (click here) the Danish Danske Bank announced that it will lower the limit on the application of interest rates to 100,000 kroner (about 13,500 euros) Denial for deposits. The new ruling will come into effect from July 1 and the applicable rate will swing between 0.6% of shares for individuals and 1% for some companies. “we try – explain to interested in trade Danish Bank Client Manager Mark Laura Hansen – Unusual levels of interest rates for a very long time and no sign of change. At the same time, we are witnessing a significant increase in deposits, which at these rates translates into significant expenses for the bank.The reason behind the decision of the Danish bank to reduce the cap on the start of negative rates is the reason that credit institutions, including the Italians, have been repeating for some time now: excessive Liquidity cost. Fineco and Unicredit also took significant measures against maximum deposits on deposits: the first, on one initiative, announced the closure of accounts with more than 100 thousand euros and in the absence of investments or loans with the same bank; On the other hand, Unicredit Group announced higher rents for old and new customers, and spoke openly about the deterioration of the situation “Exacerbated by the significant increase in deposit volumes recorded last year“.

Foreclosures on the way

About notifications and Mortgage Foreclosure (We wrote it here) The pandemic pause has been extended until September 1, 2021: for this date, new precautionary and enforcement measures may be recorded or implemented as well as re-enactment of obligations arising from third-party foreclosures that were implemented prior to the date of entry into force of the Reboot Ordinance (Del 34 Del 19/5/2020), with respect to salaries, wages and allowances relating to employment or an employment relationship and also in respect of pensions and similar transactions. The bis support decree had given time until June 30, 2021 to acquire the portfolio but the new deadline was moved to September 1 with the payment deadline until October 1, 2021. On the other hand, the PA (public administrations) would have to conduct non-compliance checks that you expectedart. 48 bis of the General Immigration Law 602/1973, before paying its suppliers more than 5,000 euros. In short, even during the pandemic, the agency’s activity has never stopped and a real avalanche of payments is being prepared for millions of Italians.

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Thelma Binder

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