Attention, fee trap! Incredible, for which the Sparkasse now charges
For me it was always like this: If grandma and grandfather had left a few coins in the wallet, they were thrown into a large glass and saved for me. When the glass was full, they took it to the bank and transferred the money to a savings account. A loving tradition, which I have maintained until today. All the more annoying that this form of saving can now be quite a costly affair.
At least Danilo K. made that experience. A whopping € 210.05 he saved in the form of coins, but when he brought them to the bank, to deposit them at the slot machine, came the angry awakening. Of the 210.05 euros, only 182.57 euros were transferred to his account.
What happened?
On Facebook, Danilo explains: "One to two years ago, that was a free service, and now it's only up to 50 coins (within 24 hours), and every additional coin costs 1 cent each, as well as a one-cent coin costs 1 cent fee if you have already exceeded the 50 coins per day. "
A whopping 27.48 euros in fees, the savings bank has therefore bagged because Danilo brought his money saved to the bank. And indeed, the terms and conditions state that you may be charged for depositing coins. How much they are, however, can vary from Sparkasse to Sparkasse.
Why is that?
A spokesman for the German Sparkassen- and Giroverband declared on request from ChroniquesDuVasteMonde.com: "The cash handling generates with the banks and savings banks in Germany an ever higher personnel and logistic expenditure, which leads to rising costs."
Means: Due to the EU Guideline on the Münzgeldprüfverordnung, which was implemented into German law at the beginning of 2015, banks now have to check the authenticity of the given coins themselves. In order to do this, they must acquire new equipment or hire external service providers. All this costs money, which many banks with the fees for coin deposits have to bring back. Whether it will remain with the previous fee models, however, will be discussed again on February 2, 2017.
The Sparkasse is no exception!
Incidentally, not only the savings bank charges. Already in 2014, the consumer center has taken a closer look at 20 banks. The result: Some banks refused to accept coins, others accepted only finished rolled coins and asked for an acceptance fee. Sparda Bank Berlin even went so far as to charge a lump sum of 25 euros per deposit.
If you want to make sure that you can deposit your coins free of charge at your bank, you should in any case look at the terms and conditions or ask a client advisor beforehand.
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