How much money is good to keep in a checking account to avoid unpleasant surprises? So let’s get into the details and see all there is to know about it.
Food, utility bills, clothes and much more. There are many times when we find ourselves having to get rid of it Money In order to pay for the various goods and services that interest us, and are able to meet different daily needs. A clear explanation of how Money They prove useful in different circumstances, to the point that many people are paying more and more attention to the world of savings.
In this way, on the other hand, it is possible to have at one’s disposal some funds to draw upon in case of need. At the same time, there is no shortage of skepticism about it, with many wondering how much money is good to keep InventoryTo avoid having to deal with unpleasant surprises. So let’s get into the details and see all there is to know about it.
Current account, how much money is appropriate to keep in stock? Here’s what you need to know
Leave by yourself Putting money into your checking account is often counterproductive due to costs and risks emerging. In this context, in fact, many are wondering how much money is appropriate to keep in stock, in order to avoid having to deal with unpleasant surprises. Well, the first tip is first of all advice Avoid turning red. In the latter case, in fact, there is a risk of having to deal with unpleasant consequences, due to the high interest to be paid.
But not only that, industry experts advise it The average stock does not exceed 5 thousand euros. This is because if an average annual stock exceeding this limit is recorded in an individual’s account, one has to deal with a forced withdrawal, ortax fee. The latter amount is equal to 34.20 euros per year for individuals and 100 euros per year for legal entities.
If all this is not enough, then keeping money in the current account is not appropriate now, since the interest income is now close to zero. For this reason, the advice is to leave a stake on the account Not exceeding 5 thousand euros Investing the surplus in other tools. The latter include, for example, deposit accounts.
The best current account does not exceed 100 thousand euros: the reason
But not only that, there is another aspect that should not be overlooked which is Coverage of the Interbank Deposit Protection Fund, the so-called FITD. The latter is intended to protect account holders for amounts up to 100 thousand euros, in the event that the reference bank, for example, encounters difficulties.
This means that Up to 100 thousand euros, the account holder has nothing to fear. However, for higher numbers, it can end up being skeptical. Precisely for this reason, leaving large amounts of money in your checking account can be a risk, and therefore it is advised to avoid keeping more than 100 thousand euros in the account.