Money BGH rebukes banks for basic account

17:30  30 june  2020
17:30  30 june  2020 Source:   de.reuters.com

Integration Commissioner for the deletion of "race" from the Basic Law

 Integration Commissioner for the deletion of © THOMAS KIENZLE The Federal Government's Integration Commissioner, Annette Widmann-Mauz (CDU), supported the Greens' call for the term "race" to be deleted from the Basic Law. The Federal Government's Integration Commissioner, Annette Widmann-Mauz (CDU), supported the Greens' call for the term "race" to be deleted from the Basic Law. "Language shapes our thinking," said the Minister of State to the editorial network in Germany (Tuesday editions).

Basic Bank Account . A simple account to help you manage your money. Our Basic Bank Account gives you just the essentials needed for day-to-day banking . It’s designed for people who don’t qualify for one of our other accounts – perhaps because they’re having financial difficulties or have a poor

Basic Bank Accounts . Top easy-to-open accounts with no fees and no checks. Yet basic bank accounts could help them get into the banking system – it's just that banks don't advertise them well. This is a guide to the best basic bank accounts for people with poor credit who can't get (or don't

The idea sounds good: Everyone, regardless of how poor or rich, is entitled to their own current account, the bank must not reject any customers. The so-called basic account has existed in Germany since 2016. But at Deutsche Bank, account management has previously cost 8.99 euros a month - reason enough for the Federal Court of Justice (BGH) to take action. Consumer advocates still see a need for action after Tuesday's Karlsruhe ruling. ()

Als «Konto für Jedermann» soll das Basiskonto auch Menschen ohne geregeltes Einkommen offenstehen. Einige Banken lassen sich das teuer bezahlen. © Photo: Andrea Warnecke / dpa As an “account for everyone”, the basic account should also be available to people without a regular income. Some banks pay dearly for this.

A basic account - what is that exactly?

Interpol's Paul Banks didn't respond to Matthew 'Murph' Murphy's album request

  Interpol's Paul Banks didn't respond to Matthew 'Murph' Murphy's album request Interpol's Paul Banks didn't respond to Matthew 'Murph' Murphy's request for him to feature on his debut album by Love Fame Tragedy - but he's not given up hope.The Wombats' frontman's side project's first full-length release, 'Wherever I Go, I Want To Leave', is due to be released next month, and it features a star-studded list of musicians - including the likes of Bastille's Dan Smith, Pixies' Joey Santiago and The Killers' Mark Stoermer - but the one artist at the top of Murph's wish-list is yet to get back to him.

A Halifax Basic Account may be available if you don’t meet the conditions for one of our other current accounts . This might be because you’re bankrupt, in financial difficulty, or if we’re not able to obtain information about your credit history.

The HSBC Basic Checking account requires no minimum balance. Enjoy Personal Internet Banking , keep a low balance, use a Mastercard® debit card, and pay bills online. HSBC Basic Banking . When a basic checking account is all you want.

People with no regular income have difficulty opening a normal account. And without an account, it is difficult to find an apartment or a job. The basic account should also be open to social welfare recipients, homeless people or refugees. You can use it to handle all basic banking transactions: deposit and withdraw money, initiate transfers, pay by card. The special thing is that the bank can only reject the application for opening in very few exceptional cases. The customer does not have to have registered a place of residence. It is sufficient to provide a contact address, for example of relatives, friends or an advice center.

Can the bank have the account paid for?

She can. The basic account does not have to be free of charge. The law only says that the fee for the services must be "reasonable". And: "For the assessment of appropriateness, the usual market fees and user behavior must be taken into account." This means that if in doubt, the courts have to decide. Financial supervision Bafin can also instruct banks to cut unreasonably high fees. This has not been going far enough for the consumer advice centers for a long time: They fear that people who are actually entitled to a basic account will simply not be able to afford it in the end.

Outer Banks star Madison Bailey opens up about coming out as pansexual

  Outer Banks star Madison Bailey opens up about coming out as pansexual "I feel lighter, I feel happier."The star of the Netflix teen drama took part in an Instagram Live Q&A with fellow actress Lacy Hartselle (who posted the recording here), where she talked about the tools she uses to help with her mental health, and how she is proud to be openly LGBTQ+.

Your checking account might be the most important financial account in your everyday life. You receive income, pay bills, and make purchases from that With those goals in mind, we’ve identified the best banks for your next checking account . These accounts all offer essential checking account

Easy Checking is an ideal personal checking account for basic checking needs, featuring Online and Mobile Banking , Bill Pay and a U.S. Bank U.S. Bank doesn't offer checking or savings accounts in your area. To help you meet your financial goals, please consider other U.S. Bank products.

How much money do banks charge?

That is very different. However, the Stiftung Warentest found that the bottom line has become more expensive since an initial survey in 2017. As of October 1, 2019, only two of the 124 banks examined offered the basic account free of charge. At the most expensive banks, the customer had to pay more than 200 euros a year for the account and its transactions in the model calculation. The Deutsche Bank, which was now in Karlsruhe, is not an isolated case. Up until now there were extra costs at a monthly price of 8.99 euros if the customer needed the help of an employee - for example, an additional 1.50 euros per transfer.

How do banks justify these prices?

In the process, Deutsche Bank calculated that the account fee corresponded almost exactly to its own costs. According to the description of the money house, the formalities when opening the account and dealing with the special customer group are associated with an above-average amount of effort. In addition, there are higher risks: With the basic account, the employees have to take special care that it is not misused for money laundering or terrorist financing.

Basic program: Greens want end of profit logic in the health system

 Basic program: Greens want end of profit logic in the health system The Greens had a long time with the term security. In their new basic program, which ZEIT ONLINE has extracts from, they put it at the center. © Guido Kirchner / dpa The two party leaders Robert Habeck and Annalena Baerbock want to present a draft for a new policy program on Friday. The Greens want to take the corona crisis as an opportunity to "redefine security".

Basic banking savings account with access to ATMs of other banks , free debit card, cheque book, phone banking features & more. All your basic banking needs in one account . Zero balance, unlimited ATM withdrawals and access to ATMs of other banks , with the Basic Banking account .

Fee-free basic bank accounts offer fewer services than a standard current account and you can’t use an overdraft. We can help you compare any charges – for example, fees for using a card abroad or costs for sending or receiving money outside the UK – for basic bank accounts with our comparison

What has the BGH decided now?

Deutsche Bank has to lower the price of its basic account - the clauses unfairly affect disadvantaged customers. Anyone who had hoped for a concrete number from Karlsruhe will be disappointed. The judges only make it clear that banks should not be allowed to incur the additional expense of managing basic accounts by their holders alone. It must therefore be counter-financed across the entire customer business. Deutsche Bank wants to "implement the requirements immediately, of course". The money house left open how this should look and how many accounts are affected.

What does the judgment mean for consumers?

For some banks, the basic account should become cheaper. BGH judgments have a fundamental character. So other financial institutions that have calculated like Deutsche Bank have to revise their prices. If they don't do it voluntarily, in case of doubt it would only help a lawsuit. The Federal Consumer Association, which has won the judgment, therefore calls for the law to be improved. The Green European politician Sven Giegold also says: "The court did not solve the fundamental problem and could not solve it." If Germany does not comply with the EU-wide requirements for the basic account, the EU Commission must initiate infringement proceedings.

Bundestag decides on basic pension .
The Bundestag has passed the so-called basic pension, which is intended to improve small pensions for around 1.3 million people. This means that the law can now also be dealt with by the Federal Council on Friday and enter into force if approved on January 1, 2021. © Photo: picture alliance / dpa A basic pension could be passed.

—   Share news in the SOC. Networks
usr: 4
This is interesting!