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Re: Dutch government/banks „ban“ cash money?
by
M-BTC
on 03/05/2021, 13:54:53 UTC
Storing cash = savings account. You can't physically store cash at a bank, unless he means storing it in a safety deposit box.
It is meant the savings account. Cash is more likely to be stored privately in a safe.


The first message has nothing to do  with interest rates, but for storing cash / withdrawal cash.

When you have a business you have pay for both storing cash and withdrawal cash.
When you are a person this normally is free (sometimes only a few times per year)

But this is the case for many years now.

Thank you for the answer. Then this is not news, but something normal. I thought there was a major change and that worried me.

A lot of European banks are now introducing negative interest rates on savings accounts, all related to the fact that they're forced to pay the ECB for storing funds.