Banks have raised fees again

A bank account will be a bit more expensive again. Since the beginning of the new year, four banks have raised prices for their services. Two more will be added in March. Despite the increase in their fees, last year the banks averted the threat of declining profits by increasing fees. It will not be otherwise this year either. A double bank levy will also push profits.

“Despite the fact that we have approached several internal savings measures, part of the increased costs, although reluctant, must be taken into account in the Tariff of Fees, “said Lýdia Žáčková, a spokeswoman for Poštová banks. Its clients have to reckon with an increase in the fee, for example, since March for a Useful Account from 5 to 5.90 euros.

From March, Tatra banka’s clients will also pay more for banking services. “We also use fees as a tool to motivate clients to use them digital channels, “said Tatra banka spokesman Boris Fojtík. In this The financial house will be paid for mainly by those who will collect money from ATMs or use payment cards outside of prepaid packages services. However, there will also be a fee for processing the received payment – namely from 15 to 20 cents.

It also darkens over free accounts. Those on the Slovak market already only three smaller banks offer. In the case of using their services, people they have to come to terms with a minimum network of branches and ATMs. Larger banks They no longer want to give people bills for free and are increasingly increasing fees for their services. “This year’s novelty is that the rise in prices is starting to affect also prepaid banking packages, “says the CEO of the company Finanční kompas Maroš Ovčarik. Some financial houses price they picked it up directly, he explains, others left it unchanged, but divided the number provided services.

With the advent of the new year, so many people have noticed that the banks give them deducted a few euros for keeping free accounts. “They charged in my bank ten cents of all incoming SMS messages and balance information I only have it in my account if I have it sent to my e-mail, “said Jakub You believe. He works in the capital of Slovakia as a data analyst in one IT firme.

The rise in price from the beginning of the year will not be the only and according to experts this year bank clients must be prepared for more expensive fees. Already in 2019, banks’ profits were driven by rising fee income. Tie last year they rose by 2.5 percent to 618 million euros. Some financial houses also reduced the number of employees. Last year, the Slovak financial the sector ended in half a percent with a profit of 643 million euros.

In times of low interest rates, banks lose high rates profits from borrowing money and the growing volume of loans does not help them either. Len in December last year, Slovaks borrowed 1.33 billion for housing eur. This is the second highest monthly volume of provided loans in the whole history of Slovakia. Nevertheless, in 2019, net interest income decreased by 2.3 percent and reached a value of 1.723 billion euros. For a bad result interest on borrowing costs is lower and lower. “Interest rate on new loans for housing fell to a historic low of 1.094 percent, “said Slovenská banking association.

This year, however, financial houses will push higher prices as well bank levy. It rose from 0.2 to 0.4 percent. Banks will come by tens of millions of euros. Right at the beginning of the year, they changed their price lists Slovenská sporiteľňa, ČSOB banka, UniCredit Bank and OTP banka.

Apparently not for drainage

Nevertheless, most financial houses do not combine the current price increase with the introduction of a bank levy. “Currently due to increased bank tax we do not plan to increase fees. However, we would rather spend the funds spent invest, for example, in the development of new digital services for clients or into faster processes, “said Marta Cesnaková, a spokeswoman for Slovenská savings banks. With the arrival of the new year, it increased the impression fee the balance on the account at another bank’s ATM from 0.30 to 0.50 euros. On the second completely abolished the fee of 2 euros for issuing a GRID card.

At the beginning of the year, ČSOB left the prices of basic service packages unchanged Bank. However, it raised, for example, the fee for a reminder to pay a debit account balance. Last year it cost five euros plus the cost of postage and this year has a single price of seven euros. “These are changes which we notified our clients at the beginning of November 2019 and are not related to introduction of a bank levy, “said Anna Jamborová, a spokeswoman ČSOB banks.

With the arrival of the new year, it tries to motivate clients by increasing prices to use the free online services of UniCredit bank. “They became more expensive for example, statements sent by post from 2 euros to 4 euros, there exists an alternative to free e-mail statements, “she told her spokeswoman Zuzana Ďuďáková. The bank also introduced a new fee of 10 euros per sending the card or PIN to a bank branch, as there is a free one alternative to sending to home address, she added.

Only up to 400 euros

About three years ago, the state ordered private banks to lead free account for people with a net monthly income of up to 400 euros. In that time it was with this measure that the government sought to protect the people from the violent rising bank fees. “The problem is that people are already here workers for the minimum wage will earn more than 400 euros a month, “he pointed out Shepherd. At the same time, banks do not make any advertising with this account, he explains. The result is minimal interest in them – despite the interesting set offer free services.

People with a monthly income of more than 400 euros are entitled to a bill for three euros. But this price is no longer so interesting compared to the offers private banks. Most financial houses sell their own accounts together with service packages for a price not exceeding three euros per month. Currently, people in Slovakia can choose from a menu of 25 banks accounts, of which up to 16 are sold for up to three euros.

A bank account will be a bit more expensive again. Since the beginning of the new year, four banks have raised prices for their services. Two more will be added in March. Despite the increase in their fees, last year the banks averted the threat of declining profits by increasing fees. It will not be otherwise this year either. A double bank levy will also push profits.

“Despite the fact that we have approached several internal savings measures, part of the increased costs, although reluctant, must be taken into account in the Tariff of Fees, “said Lýdia Žáčková, a spokeswoman for Poštová banks. Its clients have to reckon with an increase in the fee, for example, since March for a Useful Account from 5 to 5.90 euros.

From March, Tatra banka’s clients will also pay more for banking services. “We also use fees as a tool to motivate clients to use them digital channels, “said Tatra banka spokesman Boris Fojtík. In this The financial house will be paid for mainly by those who will collect money from ATMs or use payment cards outside of prepaid packages services. However, there will also be a fee for processing the received payment – namely from 15 to 20 cents.

It also darkens over free accounts. Those on the Slovak market already only three smaller banks offer. In the case of using their services, people they have to come to terms with a minimum network of branches and ATMs. Larger banks They no longer want to give people bills for free and are increasingly increasing fees for their services. “This year’s novelty is that the rise in prices is starting to affect also prepaid banking packages, “says the CEO of the company Finanční kompas Maroš Ovčarik. Some financial houses price they picked it up directly, he explains, others left it unchanged, but divided the number provided services.

With the advent of the new year, so many people have noticed that the banks give them deducted a few euros for keeping free accounts. “They charged in my bank ten cents of all incoming SMS messages and balance information I only have it in my account if I have it sent to my e-mail, “said Jakub You believe. He works in the capital of Slovakia as a data analyst in one IT firme.

The rise in price from the beginning of the year will not be the only and according to experts this year bank clients must be prepared for more expensive fees. Already in 2019, banks’ profits were driven by rising fee income. Tie last year they rose by 2.5 percent to 618 million euros. Some financial houses also reduced the number of employees. Last year, the Slovak financial the sector ended in half a percent with a profit of 643 million euros.

In times of low interest rates, banks lose high rates profits from borrowing money and the growing volume of loans does not help them either. Len in December last year, Slovaks borrowed 1.33 billion for housing eur. This is the second highest monthly volume of provided loans in the whole history of Slovakia. Nevertheless, in 2019, net interest income decreased by 2.3 percent and reached a value of 1.723 billion euros. For a bad result interest on borrowing costs is lower and lower. “Interest rate on new loans for housing fell to a historic low of 1.094 percent, “said Slovenská banking association.

This year, however, financial houses will push higher prices as well bank levy. It rose from 0.2 to 0.4 percent. Banks will come by tens of millions of euros. Right at the beginning of the year, they changed their price lists Slovenská sporiteľňa, ČSOB banka, UniCredit Bank and OTP banka.

Apparently not for drainage

Nevertheless, most financial houses do not combine the current price increase with the introduction of a bank levy. “Currently due to increased bank tax we do not plan to increase fees. However, we would rather spend the funds spent invest, for example, in the development of new digital services for clients or into faster processes, “said Marta Cesnaková, a spokeswoman for Slovenská savings banks. With the arrival of the new year, it increased the impression fee the balance on the account at another bank’s ATM from 0.30 to 0.50 euros. On the second completely abolished the fee of 2 euros for issuing a GRID card.

At the beginning of the year, ČSOB left the prices of basic service packages unchanged Bank. However, it raised, for example, the fee for a reminder to pay a debit account balance. Last year it cost five euros plus the cost of postage and this year has a single price of seven euros. “These are changes which we notified our clients at the beginning of November 2019 and are not related to introduction of a bank levy, “said Anna Jamborová, a spokeswoman ČSOB banks.

With the arrival of the new year, it tries to motivate clients by increasing prices to use the free online services of UniCredit bank. “They became more expensive for example, statements sent by post from 2 euros to 4 euros, there exists an alternative to free e-mail statements, “she told her spokeswoman Zuzana Ďuďáková. The bank also introduced a new fee of 10 euros per sending the card or PIN to a bank branch, as there is a free one alternative to sending to home address, she added.

Only up to 400 euros

About three years ago, the state ordered private banks to lead free account for people with a net monthly income of up to 400 euros. In that time it was with this measure that the government sought to protect the people from the violent rising bank fees. “The problem is that people are already here workers for the minimum wage will earn more than 400 euros a month, “he pointed out Shepherd. At the same time, banks do not make any advertising with this account, he explains. The result is minimal interest in them – despite the interesting set offer free services.

People with a monthly income of more than 400 euros are entitled to a bill for three euros. But this price is no longer so interesting compared to the offers private banks. Most financial houses sell their own accounts together with service packages for a price not exceeding three euros per month. Currently, people in Slovakia can choose from a menu of 25 banks accounts, of which up to 16 are sold for up to three euros.