You may be entitled to the free current account for pensioners – projections of the stock exchange
Life for retirees is not always easy. Everyone has their own contribution and salary history, but many find themselves living with little liquidity. Fortunately, there are economic concessions to know.
Few perhaps know the possibility of opening a so-called basic account for free and without paying stamp duty to receive your pension. This type of account has been introduced with the Ministerial Decree 70/2018, to meet the need to open a bank or postal account for the withdrawal of the pension even by those who hardly use the related services at all. It is also a intelligent and practical method to avoid the delays related to collection at the post office counter. A ritual that unites millions of Italians at the beginning of the month and which, in addition to wasting time, is sometimes a risk.
Few perhaps know the possibility of opening a so-called basic account for free and without paying stamp duty to receive your pension
Much more convenient is crediting a current account, especially if it is free. You may be eligible for the free checking account for retirees, but maybe you don’t know how to get it.
Few operations allowed, but essential
The requirements for requesting the opening of a basic account, as you can imagine, are mostly of an economic nature. To open it you need to receive a pension treatment of less than 18,000 gross annual euros (thirteenth month included). It is, however, an extremely common situation. In fact, ISTAT calculates that around 5.3 million Italians receive a pension of less than 1,000 euros a month. Even if the hope is that with the new IRPEF maneuvers by the summer there will also be increases in pensions for many.
Moreover, the current account must not be aimed at managing one’s professional, economic or financial activity. It is no coincidence that other services such as issuing a credit card or issuing check forms cannot be linked to the account. In the same way, the request for further forms of financing with respect to the institute is excluded. The number of executable tasks is delimited: for example check and cash payments are limited, cash withdrawal at the counter, or the receipt or sending of SEPA transfers. Clearly the deposits are not remunerated, but you have the right to use the debit card and there is no risk in the deposits other than the purely theoretical risk of the bank not repaying the account holder.
the current account must not be aimed at managing one’s professional, economic or financial activity. – projections of stock exchange. it
An annual declaration is then required, usually by the end of May, containing confirmation of the extent of the pension treatment. To summarize, although the concrete usability of the basic account is very limited, it can nevertheless allow pensioners to receive their pension without costs (with the exception of the annual administrative fee of around 10 euros), with the security and speed typical of a Bank account.
You may be eligible for the free checking account for retirees, but maybe you don’t know how to get it
To request it, you can go to your bank branch. The procedure will cover thecertification of non-ownership of another payment account, and of the one relating to the amount of one’s pension which, thirteenth month included, cannot exceed 18,000 euros gross per year.
For the over 60s, there are concrete savings opportunities in other areas as well. Just think of the remarkable offers regarding the possibility of traveling by train with great discounts.
