Banks increase commissions and reach 40%

Some entities are already announcing 25% increases over January next year.

Banks have increased commissions. In this way, the annual total reaches 40%, with increases of the order of 10 to 13% on a quarterly basis. The increase touched this month. Some entities are already announcing 25% increases for next year.

The increase would obey the impact that they had on the articulation. Currently, Employee salaries are the largest cost for banks. This is due to the strength of the guild. It should also be noted that in recent years the sector has not been able to maintain the value of commissions in real terms. Even, they already recognize that the margin to recover ground next year is very small because of the strong competition that exists.

According to which source entrusted to El Cronista, banks are hit hard by lower credit card fees. This money represented a profit that exceeded the fees billed to customers for the maintenance of product packages or companies' current accounts.

Recall that in March 2017, commissions rose to 1.5% for each debit card and 3% for credit cards.. Before the end of the year, commissions had fallen to 1.2% and 2.5% respectively. In early 2018, they were further reduced to 1.1% and 2.35%, while next year they will fall to 1% and 2.15%. In 2020 and 2021, the decrease in fees will continue until reaching 0.8% for debit cards and 1.8% for credit cards.

On the central bank website, you can compare prices between public and private. Here, we can see that the first tend to be cheaper than the others.

Finally, it is important to say that savings accounts and debit cards are free in all entities.