My bank do not charge for wire transfer within the EU if I use the normal
method, however, for urgent transactions I do have to pay a lot. A normal
transfer is cleared around 5 working days while urgent is 2-3 so there is no
point for doing that. But they definitely do not keep my account for free,
there is a charge on everything else (duty fees, stamp fees, for the card I
have, for all the standing orders and direct debits I made, for overdrafts
if I had any and god knows for what not, once I calculated it and it was an
outstanding 80 euros a month! -- so they do earn a lot of money on accounts
but I agree that most of the money must be coming from loans, mortgages,
credit cards, insurances, foreign exchanges etc.)

Tamas



On 08/11/06, Wouter van Ooijen <wouter@voti.nl> wrote:
>
> > As a matter of interest, do you pay charges for your bank
> > account?  If not, where does the bank make its money?
>
> In the Netherlands I pay zero or almost zero for my private account, but
> I do pay (per transaction) for my professional account.  But the fees
> are IMHO low (IIRC the highest domestic fee is E 0.30 for a
> paper-initiated transaction, which are very rare). I don't think the
> banks earn much on accounts, they earn their profit by providing
> mortages.
>
> I get zero interest on my main account, but transfers between the main
> account and the various associated savings account are easy and free of
> charge, so with a little bit of hassle I can get a fair interest on my
> money.
>
> Wouter van Ooijen
>
> -- -------------------------------------------
> Van Ooijen Technische Informatica: www.voti.nl
> consultancy, development, PICmicro products
> docent Hogeschool van Utrecht: www.voti.nl/hvu
>
>
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