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Is there enough money in my wallet? Electronic currency, cost conscious



Is there enough money in my wallet?

Electronic currency, cost conscious

Measures to encourage the use of ATMs and cards Brains can be taken when going abroad

Credit cards with iban, in installments, in balance or in recharge. The success of the 'non-cash' plan goes beyond the increase in the use of electronic money, the set of measures contained in the government's maneuver that are intended to discourage consumers from using money. Regular ATM and credit card regulations will also be eligible to participate in the January 2020 Reception Lottery and receive other prize draws. The latest SosTariffe.it survey analyzed the four main types of electronic cards in the market by comparing monthly fees and commissions for each of the four major types of paper. The analysis of the contractual terms of the major credit cards available on the Italian market at the end of October 2019 was carried out using the credit card comparison tool of SosTariffe.it.

The account card is a type of card that does not bind the owner to activate the current account. The advantage is that you do not have to include a deposit with a credit institution, but you still have an Ibanec card-related code to make transfers or get loans. According to the study, these types of cards are activated free of charge, but you need to pay a small monthly subscription fee of € 5.18 to maintain them. Owners have the opportunity to make about 60 free withdrawals per month from the bank's ATMs. Subsequent withdrawals from branches of the same or another Italian or European bank cost an average of € 0.20. Minimal and very comfortable commission. The situation regarding withdrawals of ATMs abroad in non-EU countries is different. In this case, the commission will be equal to 5.20% of the requested amount. This type of card allows you to withdraw about 457 euros daily.

Revolving Card: Deferred Expenses and Installment Fees Installment cards, also called revolving cards, allow you to pay in installments the balance accumulated during the month. It is a bit like if the bank, through the card, ent borrowed a sum of money from the client. The second, after spending the amount received, will have to repay it in installments with interest.

Unfortunately, this type of electronic card has a large commission for withdrawal. In an EU country the percentage is 3.61% of the withdrawn amount, in an additional EU country the average commission is 5.15%. With revolvered cards, an average of 456 euros can be extracted on a total ceiling of 10,156 per day. Free POS Procurement Commissions both in Italy and the rest of Europe. But in non-EU countries the interest rate on payments is around 1.35%.

A credit card in balance is generally combined with a bank or postal current account of which the holder is the owner. We have a monthly utilization amount deducted from the combined deposit with no additional interest in the first half of next month. For those who count on their bank counter, the commission carries an average of about 3.31% of the withdrawn amount. The percentage of increase to 3.54% if the ATM is from another credit institution. It reaches 3.65% when it is brought abroad to European Union countries. While those trying to withdraw to a country outside the EU have to pay a beauty fee of 5.10% for each withdrawal.

Prepaid cards are agile payment instruments. Usually they are marked for youth purpose. One of their main advantages is that they do not necessarily have to be combined with the current account. You can replenish the desired amount each time, depending on your spending needs. Their activation cost an average of 5.57 euros. On the other hand, the monthly fee is almost free: 0.61 euros. 75 free withdrawals are included each month. Once this threshold is exceeded, quite high commissions will need to be taken, but everything is convenient. For example, he will pay € 0.43 for those who take over his institution's counter. Those who withdraw from ATMs of other banks will have to pay a commission of 1.88 euros. One percent less, equivalent to 1.87 euros, for those who wish to withdraw abroad to a European Union country. If you travel outside the EU, on the other hand, commissions are on average about 1.62% of the withdrawal amount or € 4.18 per withdrawal.

For additions, the daily withdrawal limit is 567 euros, compared to the ceiling of 11,316. POS procurement commissions are free in both Italy and the rest of Europe. Only if you go shopping outside the EU do you pay a 1.04% commission.


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