Spectator on facebook

Spectator on facebook

Banks will have to offer a €1 basic service package to the poor

Banks will have to introduce a basic package of services priced at just €1 per month to poor people as of July 2013 after parliament passed an amendment to the Banking Act. The package, which was recommended by the European Commission, should include a regular transactional account as well as other basic services, the TASR newswire reported on July 25.

Banks will have to introduce a basic package of services priced at just €1 per month to poor people as of July 2013 after parliament passed an amendment to the Banking Act. The package, which was recommended by the European Commission, should include a regular transactional account as well as other basic services, the TASR newswire reported on July 25.

“This approach is a key element in support of social inclusion,” said the European Commission, as quoted by TASR.

However, not everybody will be eligible for the package. Applicants will have to meet certain conditions, such as receiving only the minimum monthly salary, and have no bank account on the date of their application. They will receive a package of services that includes deposits, withdrawals, cashless transactions and an international debit card.

The amendment was criticised by Freedom and Solidarity (SaS) MP Jozef Kollár, who said that the conditions which had been set to qualify for and use the product were too strict.

Source: TASR

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

Top stories

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico