Bad news is coming for many account holders who will soon find themselves having to deal with important changes. So let’s go into the details and see what there is to know about it.
2020 was marked by the impact of the coronavirus which has forcefully entered our lives, bringing with it negative repercussions, both in terms of the social aspect and cheap. In order to limit its spread, in fact, we are asked to pay attention to various precautions such as social distancing or the use of masks. To aggravate the situation, the fact that many entrepreneurs have had to lower the shutters of their activities, forcing many families to have to deal with a serious financial crisis.
About 830,000 parents, for example, they have given up on taking care of their children due to economic difficulties and, if all this were not enough, July promises to be a month of fire. Starting from the stamp duty, passing through the closure of many ATMs, up to the resumption of foreclosures, in fact, there are many news that will arrive next month. A situation that certainly does not go unnoticed and that will see many account holders struggling with important changes. So let’s go into the details and see what there is to know about it.
Current accounts, from foreclosures to ATM withdrawals: here’s what changes
The world of money is constantly evolving and soon we could see a revolution in regards current account e ATM. In fact, in recent times, the hypothesis of having to deal with a farewell to cash has increasingly taken hold, with institutions pushing for greater use of electronic payment instruments, such as credit or debit cards. A scenario that could soon become reality, with the month of July ready to bring with it particularly important changes.
In fact, next month there will be a fire, with account holders who will have to deal with:
- Stamp duty. The latter is equal to 34.20 euros per year for individuals and 100 euros for legal entities. It must be paid every year in the presence of current accounts with an average balance of more than 5 thousand euros. In the event that this threshold is not exceeded or an Isee of less than 7500 euros is presented, one may be exempted from the application of this tax.
- Stop ATM withdrawals. As of 1 July 2021, it will no longer be possible to withdraw at many ATMs. ING customers are well aware of this, given that next month the institute will close 63 automatic pay stations throughout Italy and reduce the number of branches from 30 to 23.
- Closing accounts above 100 thousand euros. Through a specific communication, Fineco announced to its customers the decision to close the inactive accounts above 100 thousand euros. In fact, to avoid such closure, the interested parties must make investments.
- Limit for the application of negative rates on deposit accounts. The Danish Danske Bank has announced that it intends to lower the limit for applying negative interest rates to deposits to 100,000 crowns, about 13,500 euros. This provision will come into force from next July 1st, with the rate applied which will fluctuate between 0.6% of the stock for individuals and 1% for businesses.
- Foreclosures. The stop on foreclosures has been moved again. The deadline, in fact, is no longer set at June 30, but at September 1, 2021, with payment deadline on October 1, 2021. A postponement decided to meet the needs of taxpayers already hit hard by the crisis caused by Covid, with the Revenue Agency which, for its part, is preparing for a real avalanche of notifications.
So many are the news coming with the month of July, with many account holders who will find themselves having to deal with a summer of fire not only from the point of view of temperature, but also of money.
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