Spectator on facebook

Spectator on facebook

Slovak banks profit ever more – and improportionately – on clients’ fees

THIS year, clients of Slovak banks are paying much more than previously for banking fees. In the first two months of 2015, banks profited 15.4 percent more on fees and provisions than in the same period last year.

Some bank fees are nonsense, say customers.(Source: SME)

Banks earned €15 million more in January and February, the Sme daily wrote on April 13. In the past years, they earned only slightly over 5 percent. Someone should acknowledge this and think about such above-average growth, it could be seen as unfair competition, bank analyst of the Finančná Hitparáda financial website, Pavle Škriniar, told Sme. He added that some banks are already increasing the fees and some will do so in the immediate future.

Items like fees for an account, drawing money from ATMs, but also for unused debit cards, account reports and payment traffic, are made more expensive. There are some rebates for the fees, but it is ever more difficult to get them.  

Clients can decrease their fees either by abiding by the bank’s conditions for rebates (e.g. by using technology innovations like mobile banking or spending report), or by finding cheaper packages of bank services, Sme concluded.   

Topic: Finances and Advisory


Top stories

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Blog: 5 things you should do on your visit to the north of Slovakia Photo

Here is a list of tips by an experienced tour guide - including things you have probably not tried before.

Bratislava growing high Photo

High-rise buildings sprouting up in Bratislava

Visualisation of the future skyline of Bratislava