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A study by the Bank of Lithuania on commercial banks' fees and payment services revealed that residents, having chosen payment baskets, were saving substantially and that most were paying banks for cash transactions. The increase in bank revenues from the basket of services offered to businesses and the processing of the bill used were offset by lower commissions.
Vitas Vasiliauskas
"The study revealed that various baskets of payment services offered last year provided savings, but each second client remains in the old method of payment. payment when it pays for each service separately.In most cases, these customers pay too much – often even double, so once again, we encourage people to evaluate their choice. payment habits and choose the most rational payment offer, we will return to the fall on the method of determining the price of the main basket and its price, "says Vitas Vasiliauskas, chairman of the board of directors of the Bank of Lithuania
. According to the survey, various baskets of payment services in 2017 will be implemented after public consultation, including market participants.
At the end of the year. year they have selected 1.6 million bank customers, but about 1.5 million. clients for services such as payments in euros, cash transactions, account management, etc., whenever they pay separately. Residents who selected the baskets paid an average of € 10.4 per year for the selected basket of payment services and used all included services.
Not only residents who did not choose the basket, but also more than twice as much as Eur per year. Most of the costs were about one-third in account management, a little less (30%) in cash withdrawals at ATMs, another payment for credit cards and wire transfers in euros
services – they only pay basket commissions. However, a small portion – about a tenth – of the packers used the services that go beyond the baskets. The average annual cost per capita was about 8.8 euros. They mainly paid for cash transactions in vending machines (exceeding the amount of the basket or using a bank of another bank in Lithuania or abroad) and additional payment cards
. Eur and was 14% higher than 2016 More than two-thirds of this amount was collected by banks for payment services – natural and legal persons paid a similar amount for payment services ($ 83 million and $ 85 million). Euros)
There were also changes in prices. For example, in 2017 Significant increase in the number of payment cards (17%), e-use of accounts (15%), international transfers (8%). The main price changes are the emergence of payment service groups and the elimination of offsetting invoice invoices received, and now it is included in the commission management fee.
In 2017, about 14.4 mln. Eur has increased banking revenues for the management of individual accounts and businesses. The basket of underprivileged payment services is paid separately for the management of the account, and the fees for this service have been increased by most banks, as well as commissions paid for previously free accounts. However, the processing of an account involves the inclusion of payments received in the account, for which the commission is no longer applicable, as a result of which companies and residents have paid 8.6 mln. Eur minus
The commercial banks called by the Bank of Lithuania this year have taken active measures and closed more than a quarter (about half a million) of all unused customer accounts. At the same time, they ensured that customers whose accounts were empty and unused would not cost them to close them.
Last year, most of it was a quarter (EUR 22.3 million) – cash withdrawals were made to reimburse expenses. "The consumer situation in a highly concentrated payments market is likely to be reinforced by new entrants struggling to force customers to squeeze seniors, and we continue to work to increase these newcomers, and we expect consumers become increasingly tangible soon, "says V. Vasiliauskas
Currently, the Bank of Lithuania is considering three applications for licenses for specialized banks.provide payment services.In addition, since 2017 The Bank of Lithuania has begun its operations in the field of payments and has already given half a dozen operating licenses to monetary institutions.At present, about 30 applications are under study.
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