With overdraft facilities, it is often expensive for bank customers in Germany, according to a recent survey.
Read here how much money this can mean for you.
With
overdraft facilities
, it can be expensive for bank customers.
A survey of 571
German
current accounts * shows, according to a recent survey, that consumers
pay
an average of 9.79 percent interest
when they overdraw their account.
At the top, even 13.75 percent are due.
Current account: so many Germans use overdraft facilities at the bank
Despite
high interest rates
are currently using 15 percent of Germans their
overdraft facility
, the representative YouGov survey showed on behalf of CHECK24.
A good third (34 percent) of consumers with less than 500 euros are in the red.
After all, 25 percent would have overdrawn their account by more than 1,500 euros.
You can also read
: Savers watch out: So many banks are no longer paying interest
Overdraft facility despite high interest rates - that's how much money it costs
According to the statement, the bill looks like this: A bank customer who has
overdrawn
his
account
by 1,500 euros for twelve months
and pays the average interest of 9.79 percent for this would
incur
annual
costs of 147 euros
.
At the maximum interest rate of 13.75 percent, it is even 206 euros.
For most Germans,
however
, the
overdraft
facility is only a short
bridging aid
, as the message also says.
According to the survey, 27 percent use it for less than a month.
After all, 23 percent of those surveyed said they had overdrawn their account for more than twelve months.
Read here:
Pay by card: Warning, it can get so expensive
Switching to a cheaper account can be worthwhile
It may be worth
switching to a cheaper account
.
The
interest for the account overdraft
fluctuates according to the experts "between 0.00 and 13.75 percent".
According to the information, 2,029 people took part in the survey between September 11 and 14, 2020.
(
ahu) * merkur.de is part of the nationwide Ippen-Digital editorial network.
Also interesting:
this happens when nobody pays with cash anymore
With these seven tips you will save a lot of money in everyday life
With these seven tips you will save a lot of money in everyday life
