Banks Offer New Basic Accounts
- 18 Oct 2016 9:00 AM
Banks have begun offering a cheap, so-called basic bank account to clients from October 15, as mandated in a law passed in early September. Banks’ maximum charges on such accounts are set at 1.5% of the minimum wage at the end of the previous year, or Ft 1,575 at present.
Ten banks are charging the maximum fee, but CIB is charging only Ft 990 per month, and OTP Ft 1,240, Magyar Idõk reports.
The Ft 1,575 fee, which will increase with the minimum wage, is not the cheapest bank account available on the market, the newspaper adds.
Source: Hungary Around the Clock
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