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It is important that all free services offered by banks are known to customers. People need to feel safe when making transactions and managing their accounts, but they are not always informed about all the benefits available. In the case of checking accounts, there are a number of services that must be offered free of charge.
In this article, a list of services that banking institutions must make available free of charge to all customers will be presented. However, it is worth noting that adding extra service packages may require the payment of additional fees. In this case, customers are advised to check the bank's offers and try to negotiate, if possible.
Free services at all banks
One of the best-known services is the debit card, which allows purchases and withdrawals at ATMs. Customers are also entitled to a replacement card at no cost in the event of loss, robbery, or theft.
Regarding withdrawals, you are allowed to make up to four withdrawals per month without fees. In the case of transfers between accounts at the same bank, the customer can make up to two transactions at no additional cost. These measures are valid monthly, meaning they do not carry over to the following months.
Other guaranteed benefits
In addition, the bank must provide two free statements covering the last 30 days, to ensure transparency in the account’s transactions and expenses.
Customers are also entitled to 10 check leaves. In addition, check clearing is a free service, ensuring that the deposited amount is credited to the customer’s account without additional fees.
Finally, in December, the bank must provide the annual statement free of charge. This is one of the documents used in the Income Tax return.
