In my time Monthly payment bank accounts based packages with a certain number of transactions Greek banks enter one by one, simultaneously promoting them instant payments through the application IRIS developed by DIAS and allows you to transfer money between accounts, both between individuals, and to pay for the services of professionals or purchases in an online store, for free and for amounts up to 500 euros per day.

In particular, through IRIS you can:

• To transfer or receive up to 500 euros per day, in just a few seconds and without recharging. The transaction is carried out via mobile Internet banking and requires the entry of a VAT number or a mobile phone number, which he is looking for in his contacts, i.e. without using IBAN.
• To pay via IRIS QR in online stores by scanning a QR code. The condition is that both users have registered with the service, which is done simply through the “IRIS Payments” menu that appears when someone wants to make an online transaction. Transfers are then made from the mobile phone in three steps.

Partial price rationalization

After the intervention of the Ministry of Finance on the issue of the cost of banking transactions, banks began to partially rationalize the prices for incoming and outgoing money transfers, while maintaining two different fees, that is, for sending or receiving money from another bank. Commissions vary depending on the amount and range from 1 to 4 euros depending on the bank. A typical example is the payment of rent, which is charged at EUR 1 for delivery, but also charged at EUR 3 from the person collecting the rent, since two banks are involved in the payment of the money.

The commission can also be different if the transaction is executed immediately or if it is carried out without priority and requires up to 3 days. The long list of fees charged by banks includes many money transfer options, many of which are older options that existed before the ECB created the direct payment platform TIPS, through which they connect to the Single European Payments Area (SEPA). This logic is expected to disappear with the adoption of a regulation promoted by the EU. and which seeks to equalize direct payments and remittances by providing that “charges for direct payments in euros should be equal to or lower than those for indirect payments in euros”.

Also, the final cost of the transaction is determined in accordance with the distribution of costs, i.e. if the transaction is characterized as (SHE), where the principal bears the costs of his bank and the beneficiary bears the costs of his own bank, or if the transaction is OURS, which means that the principal bears all transport costs. In cases where the beneficiary bank is located outside the EU. or is within the EU but the currency is not the euro, it is also very possible that the final amount that will be credited to the recipient will be reduced by the costs of correspondent banks, which will be the intermediary in sending the money.

Until recently, the development model of electronic transactions in our country was based on the fragmentation of commissions, in contrast to what is used in European banks, where the client account management model has been used for years. This model provides for a monthly write-off from the account of the amount, for example. 2 or 10 euros – for elevated privilege accounts, the amount can be higher – but this allows for significant transaction bundles or unlimited movements, free debit card issuance and discount benefits depending on the profile and package of each depositor. In practice, this model offers a free credit transfer service from one bank account to another within the same country, as well as outside it (if it is a transfer within the Eurozone), thereby promoting electronic transactions in practice, which are the most transparent. and secure way to transfer money. Fee examples show that Societe General charges €27/year, Intesa San Paolo €30/year, Caixa €60/year and Deutsche Bank €167/year.

With the introduction of banking transaction packages, Greek banks are gradually moving to the European pricing model for banking transactions, and the first new packages are available to users of electronic services on a voluntary basis. Banks estimate that the packages offer money savings between €4 and €44 per month, depending on the type and number of services offered, such as paying bills or transferring money between banks in Greece, with a monthly commission to the account. customer instead of evaluating each service separately. The service is offered by the National Bank with three packages called “Value”, Eurobank with four different packages of operations called “My Advance” and Alfa-Bank with a new package of operations “myAlpha Benefit”.

The services included in the packages are related to transactions in Greece, i.e. in a local bank, and are intended for those who want to make certain transactions, such as paying bills via Internet or mobile banking and monthly transfer of money to another bank, cheaper than doing these transactions separately and charging a fee for each transaction. That is, they do not include money transfers abroad, to countries inside or outside the EU. and which are paid separately on the basis of each bank account and a surcharge of 1 to 20 euros for countries within the EU. or from 17 to 300 euros for non-EU countries. and depending on the amount of the transferred amount. In transactions with foreign countries, the most common and costly transaction is sending money to a bank outside the Eurozone, such as the UK, which incurs currency conversion costs, making sending money particularly expensive for parents. The exceptions are the special training accounts that some banks have due to the rapid development in recent years in our country of the so-called digital banks, such as the Lithuanian Revolute and the German N26, which are constantly increasing their clientele in our country and not by chance, since they offer low commissions for foreign transactions.

Packages

In packages for internal transactions offered by banks, fees start at €2 per month for the simplest packages with a limited number of transactions and go up to €10 per month for packages with a large number of monthly transactions or with additional perks such as the availability of a credit card without a subscription. which provides great savings.

The new bank charge practice is in line with the philosophy that every service has a cost. From the issuance of a simple debit card to bonuses received by someone who uses a card – debit or credit – for their daily transactions, or SMS notifications about the movement of products, include costs that are now evident in the form, for example, h. card subscription. So, depending on whether someone wants to keep these benefits at a lower cost, they can join one of the transaction packages that provide a certain number of “free” transactions or services. The pricing currently offered by Greek banks to “teach” transactions this new practice is affordable and, as the bank’s unified banking model gradually expands, the benefits for consumers will multiply, as competent bank leaders assure.

Her example is exemplary. Eurobank who tests the trading package “My Blue Advantage”which for only 0.60 euros per month offers 1 standing order for automatic bill payments – approximately the cost of a standing order – in combination with a free debit card for 5 years, using an account with another bank to complete a transaction, discounts at large merchants, etc. d.

The goal is to familiarize the customer by accepting a monthly payment for his account even with a symbolic cost of 0.60 euros, so that he can then evaluate the possibility of choosing a more upgraded plan with more options and of course a higher cost. A characteristic feature of the advertising logic followed by the bank is that the My Blue Advantage package is offered free of charge to retirees or employees who have a qualifying Eurobank account, or to customers whose balance (eg deposits) exceeds EUR 50,000. . Other batches of Eurobank transactions (My silver, my gold, my platinum) are complemented by additional features, such as a free (from 1 to 5 transactions per month) money transfer to a local bank, which, based on the bank’s tariff, costs 1.2 euros each, or up to 1 incoming transfer per month for free for those who choose the most advanced package 10 euros per month combined with unlimited recurring payments to pay bills, free credit card subscription, etc.

The cost of a package of transactions with a brand is from 2 to 5 euros per month. Value her National Bankwhich gives the possibility of a certain number of transfers – 1 or 2 – to a local bank, the possibility of incoming transfer for free, 1 free credit card payment from another bank, 1 unit discount on the purchase rate, etc.

Trade package “my alpha benefit” proposed Alfa Bank, incurs expenses of 2 euros per month and saves up to 4.25 euros if the account holder uses all services that include 3 payments to a company or standing order account, 2 payments by debiting an account, 1 transfer from another bank as incoming money transfer (for example, collecting rent), 1 transfer to another bank in Greece (for example, to pay school fees) and 1 cash withdrawal from an ATM of another bank in Greece. Trade package “WASHING” proposed Piraeus Bankexclusively about bill payments, providing at a cost of 10-25 euros per year up to 50 bill payments per year through winbank.