Credit card

Banks now charge for what they never did: What are we going to give extra money for?

Last year, due to two moratoriums on loans, but also on interest rates, which are at an all-time minimum, banking sector lost a significant part of its income. On the other hand, many have increased commissions and service costs at the same time, and some have started charging for what they never did.

Liquidity in the market is drying up

The number of consumers seeking arrangements for various debts has soared during the pandemic, according to a survey by Wemetrix. Debtors are seeking to settle arrears for the payment of services such as utility bills, as well as to secure favorable payment plans for the acquisition mostly of homeware and domestic appliances.

Card payments leap higher in third quarter

Credit and debit card transaction turnover grew almost 15 percent over the third quarter of the year on an annual basis, banishing fears that the growth rate of online transactions might slow to below 10 percent in 2019.

Card transactions added up to 11.4 billion euros in July-September, up 14.6 percent or 1.4 billion euros from the third quarter of 2018.

CCP with Tips on What to Do if an ATM “Swallows” our Card

The Commission for Consumer Protection  published tips on what to do if an ATM swallows our card. This may happen due to software, technical, and other issues with the device.

Here are some helpful consumer tips provided by Commission for Consumer Protection experts:

 · Failed to withdraw money from ATM? What to do?

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