Banks face ban on charging for coin deposits

Banks may be banned from charging fees to process deposits in euro coins after a debate on Tuesday, February 3, during which members of the parliamentary committee for financial, budgetary and currency affairs supported a proposal from Slovak National Party (SNS) MP Ján Ďuračka.

Banks may be banned from charging fees to process deposits in euro coins after a debate on Tuesday, February 3, during which members of the parliamentary committee for financial, budgetary and currency affairs supported a proposal from Slovak National Party (SNS) MP Ján Ďuračka.

The issue was raised by traders who pointed out that the increased number of small coins in circulation since the country adopted the euro on January 1 has made it much more expensive for them to deposit their takings at banks, the TASR newswire wrote.

Ďuračka’s proposal was supported by opposition members of the committee. However, the central bank, the Finance Ministry and the chairman of the parliamentary committee, Jozef Burian (Smer), voiced objections. The proposal is yet to be approved by MPs, but would come into effect the same day if it is approved. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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