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Title: Only Italians pay more bank charges than the Spanish in Europe according to the European Commission
Author: Fraser Trevor
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According to a study from the European Commission, only the Italians pay their banks more commission that the Spanish. Those who bank in Spa...

According to a study from the European Commission, only the Italians pay their banks more commission that the Spanish.
Those who bank in Spain can expect to pay 178 € a year in bank charges every year for the normal use of their account.

The European Commission says that the banking entities are trying to compensate for their fall in profits caused by the recession by increasing bank charges.

According to the latest numbers published by the Bank of Spain, the average charge for a debit card has increased by 41.86% in three years to now stand at 19,89 € a year.

The Bank of Spain says the average maintenance charge on credit cards has risen by 24.68% over the past three years to now stand at 36.93 € a year.

Commissions on the paying in of cheques and transfers are also up, and the Banco Santander has toughened the conditions under which it offers no charges to certain clients.

 

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