The first major risk to which you expose your savings is called “loss”. In the article “Attention, those who leave 10 thousand of them for 5 years lose more than 1000 euros” the reader will have the opportunity to evaluate the reduction of savings in stock. In reality, more than a risk, it is a certainty. A survey by Corriere della Sera has in fact shown that between management costs and inflation, the amount on deposit decreases drastically. The account holder who entrusts the savings to a credit institution should know the 3 main risks of depositing cash money into the checking account.
The 3 main risks of depositing cash money into your checking account
There is another great risk that runs the saver who rushes to pay money to the bank to see his assets grow. Many Italians use the current account as a treasure chest in which to bring together the sums of money they manage to set aside. The current account assumes the destination of an accumulation plan, a sort of piggy bank in which the taxpayer believes his income is safe. In fact, the current eye of the Revenue Agency monitors the current account, verifying the actual correspondence between the income that the taxpayer declares and those that he receives.
If you deposit money on the account that is not included in the tax return, you will be called to justify the origin of the money. As long as you can prove that it is donations, winnings, repayments or loan repayments, you will be safe. But if not?
The last great risk that the money in stock runs involves forced expropriation by creditors. Bad payers and insolvent taxpayers who evade the payment of taxes are well aware that they can suffer the foreclosure of the amounts present in the bank. Therefore, as long as you have the opportunity, do not choose the convenient way of paying into your bank account. Instead, devise alternative solutions to subtract your savings from inquiring glances and from the hands of creditors.