Retired and low-income workers, free (almost) current account arrives

Free Current Account (with limited operations) for lower income brackets. Also Italy conforms to the European directive which provides significant benefits to the less affluent, so that everyone can have the opportunity to perform inbound and outbound banking transactions. To this is added the possibility of having a bancomat and being able to pay without the aid of cash . It has been renamed in various ways: " low-cost current account " or " basic current account ". The substance does not change. It is [VIDEO] a novelty strictly dependent on the decree number 70 of 2018. However, to be able to profit from it it is necessary to remain within certain parameters

The basic current account belongs to the lowest incomes

current account almost free.

There will be no cost, provided that certain thresholds of number of transactions are not exceeded. This is the result of a decree signed by the former Minister of the Economy, Pier Carlo Padoan . For citizens to join, it is necessary that they reside in the lowest income brackets of the population. In particular, the parameter to be followed is that of Isee : it must be less than 11,600 euros or, in the case of pensioners, it must not cross the threshold of 18,000 euros

Current account for limit operations

Yes, there are two bands that will have different faculties in the free system: the first (workers under 11,600 euros) will realize, during a year: [19659009] six cash withdrawals at the counter; 19659010] unlimited withdrawals at ATMs of his bank,

Payments may, however, be unlimited.

For retirees, however, it will be possible to make 12 cash withdrawals at the bank branch [VIDEO] unlimited withdrawals from your institution's debit cards and only six from those of other banks. The outgoing transfers will be unlimited as well as those Sepa as input. They can also make six payments between cash and checks. In this case also, payments in commercial establishments can be made without any limitation. The possibility of having these advantages is subordinated to a single operation: to communicate their economic situation at the latest on May 31st of each year by presenting Isee or by certifying the amount of their pension . The decree came into effect on June 20, and therefore the bill can be requested immediately, at least for this year. It's a big advantage. Just think that the latest report from the Bank of Italy reveals that, for a current account in Italian banks, citizens spend an average of € 77 per year.

An expense which, of course, weighs heavily on the lower incomes which, now, in anticipation of the few operations to be done, could benefit from the novelty.