Welcome to Talkback, a forum to voice your opinion on today’s Czech news.
This week’s topic: Are Czech bank fees too high?
While a number of foreign banks are struggling with financial problems, banks in the Czech Republic are reporting profits. Bank fees contribute greatly to the income, especially in the Czech Republic, where banks charge for almost everything, including ATM withdrawals, incoming payments and early loan settlements. The most absurd fee in 2008 was the fee for clients’ oversized deposits, according to a recent survey of the portal www.bankovnipoplatky.com. But Czech clients are conservative and tend to stick with one bank regardless of the amount they have to pay for the service. Maybe this attitude can help local banks survive the financial crisis.
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Your comments: Monitor reader Ray believes that bank fees are way too high. “This is one of the reasons banks crashed in the USA because of their greed – paying themselves (CEOs) big money at our exspense (charging us to take our money out). Doctors’ fees, on the other hand, don’t get paid nearly enough for treating the sick and saving lives. Now that’s worth paying extra money for,” Ray wrote.
Kateřina Heilmannis a staff writer and translator at the Monitor. She
likes writing about cycling and culture.
You can reach her at [email protected]
