German banks constantly increase their fees, according to the recent survey among bank clients.
The survey among 1003 adults conducted in March for the Verivox comparative page, that 22% of bank clients experienced an increase, either in the cost of issuing new cards, direct responsibilities, or cash withdrawal, sebiz.
In 2021. The Federal Court set up stricter conditions when it comes to the request that banks seek customer approval when changing their provisions and conditions, including raising fees.
The research showed that approximately half of all the bank’s clients enjoyed free services or had to pay annual fees less than 50 euros ($ 57). Free banking is usually associated with regular customer deposits.
Approximately 22% of customers faced annual fees between 50 and 99 euros, while 21% had to allocate more.
