Is there the perfect checking account to credit the pension? Let’s find out together. Nowadays, with the continuous restrictions on the use of cash, having a current account has become indispensable. Even the simplest operations such as receiving the crediting of the pension or making the payment of a bulletin or food expenditure now necessarily pass from a current account. The costs related to managing an account have always been a problem because, between state stamps, periodic fees and commissions, a checking account could cost well over 200 euros per year. And this for many retirees became a reason not to sign a contract with one bank and continue to manage your cash. But, is there the perfect checking account to credit the pension? Let’s find out together.
Recently things have changed, even if the banks have not given particular prominence to this news. In fact, the ministerial decree that obliges banking institutions to open a current account defined as “basic” at subsidized conditions entered into force on 20 June 2018. No fees for lower incomes, no commissions and no taxes. In short: an ideal product.
The characteristics of the “basic” account
Millions of pensioners will therefore say goodbye to long queues at the post office with the risk of even being able to be robbed of their pension. With the basic current account, it will be possible to credit the pension to the account, to perform withdrawals, deposits and payments in a safe and completely free way.
The services envisaged in the basic current account do not include operations connected with savings management. Furthermore, according to the decree, the contracts of the basic account must clearly indicate the number of operations within which the current account will be free and what the cost of the operations will be after the threshold is exceeded.
There is the Bank account perfect for crediting retirement? Let’s find out together
Who can request it? Article 5 of Decree No. 70 of 3 May 2018 guarantees the possibility of requesting a free basic current account to have essential services for all those who receive an annual pension of no more than 18,000 euros gross.
It is possible to open a basic checking account for pensioners not only in the bank but also at the post office. Credit institutions will not be able to refuse the economic conditions provided for by the decree to those who meet the requirements.
In addition to pensioners with an income of less than 18,000 Euros per year, the basic current account can also be requested by those who have an ISEE of less than 11,600 Euros.
We therefore know that there is the perfect current account for retirement, henceforth banks will have to guarantee a current account designed for their needs and budgets even to the weakest consumers.