Want a cheaper bank account than OPT? Here’s the solution

It has developed a new discount system for OPT customers. This will make your accounts more attractive, which are not competitive within the bank.

It is clear what the purpose of the new discounts for OPT is. I want to make our packages more competitive for more active customers. ASA’s new packages are built similarly. The two banks in different market positions are somewhat on the same path and try to attract active customers with special packages, while those who barely use their bank account can pay much higher fees.

The banks were forced to do this mainly by different bank special taxes and free cash withdrawal from February. In addition, the Simple Account Package released last year by OPT may have been a big surprise, as it beats all other bank accounts within the bank , in almost every customer segment. Why wouldn’t customers switch to that? This is probably why the other accounts had to be made more attractive.

 

What are the new discounts?

shopping discount

The discount system of OPT is quite complex, it is worth checking out the branches or at least reading the announcement. While some of these discounts are similar to other banks’ credit or smooth activity deals, we also find it less transparent.

OPT also offers seven different discount packages. Some of these are for new accounts, while others are for existing customers. Discount packages usually have 2 to 2 discounts, one of which applies to the direct debit fee (the discount rate is currently $ 1.00 – not uncommon on the market, over $ 100-150), and the other is the account management fee. OPTdirekt gives you a significant discount on your monthly fee (50-100% rebate).

There is a package that includes only 1 discount

shopping discount

reducing your credit card’s annual fee to 0. However, one condition is that you receive significantly more credit than you requested at the time of application or request another new service. Although discounts can be claimed again, in theory, we can maintain our OPT bank account even with a continuous rebate, but in reality, it is unlikely that we will be able to meet the conditions on an ongoing basis.

All discount boxes can be read here . These discounts must be claimed separately in your account and then automatically activated when the condition is met, so “just” make sure you meet the conditions.

If you are looking for a cheap bank account, take a look at our calculator where you can choose the best one for you. Even within OPT it is worth looking around as there are huge differences in fees within a bank as we have written .

The 7 biggest waste of money

You can also save wisely. Forget about the expenses that we really don’t need or can be replaced by something cheaper. If you have any idea write us a comment.

 

1. The SMS

1. The SMS

Almost everyone now has a smartphone. If you don’t already have one, it’s worth switching over and communicating with some kind of Internet chat software instead of expensive SMS. By replacing both calls and text messages, you can save thousands of dollars a month.

 

2. The tiny

Many people leave it there as a tip, forgetfulness, or lose track. If you do not like to keep coins in your pocket, collect them in a larger jar or money box and switch to larger denominations after a few months.

 

3. The lottery

3. The lottery

How many people do you know who play lottery? And how many who won? There you go! Instead, put that money aside or spend it on yourself.

4. The finesse

Do you throw away everything that has expired? Tons of food that are still consumable are thrown out of the bin because the packaging has expired in a few days. In particular, marking the imported goods with the “best before date” does not mean that the goods are inedible. In such products, we observe the “use by date” mark, as it is safe to consume.

 

5. Too much cash withdrawal

5. Too much cash withdrawal

Only withdraw money from your main account. After applying for free cash withdrawal, do not pay more or more than the legal limits. Use as many cards as you can to keep one free cash withdrawal in reserve at all times. Find the cheapest bank accounts here .

 

6. Misused credit card

If you don’t pay off your debt on time or commit other major crimes on your credit card holders, you should give your card back to your bank.

 

7. Too much driving

6. Misused credit card

Spring is here, bike more. Make sure you do not travel by car.

Bank Settlement – Coming Soon Dollar Loan Settlement Date

Another important milestone in the process of bank settlements is that for dollar loans and real foreign currency loans, financial institutions have to settle on the 30th of June.

Although the closing date for loans denominated in $ and actually repaid in foreign currency is the end of June, financial institutions are required to send settlements only between 1 August and 30 September. An exception to this is if the lawsuit initiated by the financial institution before August 1 is not closed, the deadline for sending the settlement is sixty days from the end of the lawsuit.

 

The exchange rate gap and the settlement of unilateral interest increases

The exchange rate gap and the settlement of unilateral interest increases

It affects some 2.1 million foreign currency-based consumer loan contracts. The banks accounted for the most significant repayment of the approximately 500,000 live foreign currency mortgage contracts, which were also subject to the conversion into dollar at a fixed exchange rate.
In the first phase of settlement, banks repaid $ 744.4 billion to their foreign currency-denominated customers. Of this amount, $ 181.3 billion was recovered by customers with outstanding foreign currency loan agreements, while $ 532.7 billion reduced outstanding debts.

 

The interest rate on dollar-denominated mortgages

The interest rate on dollar-denominated mortgages

It fell by more than one and a half percentage points as a result of the interest rate rules of the dollar conversion law. The average installment of an average FX-denominated customer decreased by 20 percent after the settlement and the $ conversion.

Chenny Lobags, general secretary of the Hungarian Banking Association, said in May that about $ 1 billion would be written to clients for settlement, of which about $ 750 billion would be refunded to foreign currency debtors, and about $ 250 billion in autumn.

At the same time, Andrei Pitch, vice president of the banking association, pointed out that most customers will receive “zero notice” when settling dollar loans, as there will be no exchange rate settlement and most banks will not raise dollar rates (MTI).

Why ATM can swallow your card?

There are several reasons why an ATM can swallow your card, but it can be difficult to recover. Particular care should be taken when using a foreign ATM, as in this case you may not be able to recover the plastic at all. If there is no technical error, the cost of replacement will also be our responsibility.

There are several reasons why you can swallow your credit card at an ATM. The most common mistake is to enter the PIN, but here too, banks’ practices may differ. After any 3 attempts it will definitely suck in the card, but there are no impressions and we can try again the next day. In addition, some credit institutions distinguish between stranger cards and their own clients, strangers are impressed when an incorrect PIN is entered, and strangers are not impressed, and they can be retried the next day.

The ATM will also report expired and blocked cards

The ATM will also report expired and blocked cards

So, if you disable your card – because you thought it was lost – then don’t try ATM because you will have to pay the cost of replacing it, too.

Many people do not know, but we can lose our card even if we do not remove it from the machine within 10 seconds of the machine running. This is also a security measure for the bank as many people simply leave the card there, which is a risk. In such a case, the bank will determine the fate of the card.

Either it is returned to our bank after being destroyed or it can be returned after an identification. At foreign bank ATMs we often experience the first procedure, while at our own bank ATMs we are more likely to see the card.

What should we do if an ATM card has been stuck?

What should we do if an ATM card has been stuck?

In case of a foreign bank ATM, please call your ATM operator, the number of which must be indicated on the device. If you have your own bank, you can also call customer service. If an incident occurred in the foreground of an account, please report it to an agent there. The bank’s employees cannot access the machine’s contents, only a separate company or group contracted with the bank that manages the ATMs. We can only get the card back when they come to service or recharge the machine. Therefore, in practice, we have to wait several days for our card to be removed from an ATM.

We have to watch twice every time abroad, because most probably if an ATM swallows our card, we will not see it again. The same is true when using a foreign card at home.

 

Credit Special Debt – Consolidation loan

When a consumer takes out a loan, an eradication plan is agreed. The same applies to loans. Flexibility and adaptability are as important to many customers today as a good interest rate. That is why special repayments are standard on most loans today. The special repayment relates to payments outside the repayment plan agreed upon conclusion of the loan.

Special repayment is not always free of charge

Special repayment is not always free of charge

Whoever lends a loan to a house bank, knows at the signing of the contract how long and how much he has to repay each month to repay the loan. However, you may suddenly have enough resources to replace the loan. Not all borrowers know that an immediate repayment is only possible with this early repayment.

Credit institutions do not expect the loan to be repaid before the end of the term and, when determining the repayment plan, they plan the total loan installment including interest. However, if the borrower wants to make an immediate repayment, the principal bank loses that interest payment, for which the borrower then has to pay an early repayment penalty.

The amount depends essentially on the outstanding loan amount and the term of the loan. However, there are banks that charge no fee so it makes sense to compare different lenders.

The borrower thus has the opportunity to reduce the remaining debt of the existing loan with one or more special repayments.

Unscheduled eradication

Unscheduled eradication

The same applies to loans. Flexibility and adaptability are as important to many of our customers today as a good interest rate. That’s why most repayments today use special repayments. Special repayment loans are cheaper than without them. As a rule, a loan is concluded for a certain duration and amount of the loan.

The existing loan interest rate is used to determine the monthly interest rate to be paid. But it is also an unscheduled loan repayment possible. After that, you pay part of the off-schedule loan. It is therefore a special loan payment. Part of the loan amount will be repaid in a certain amount.

The choice of the two options depends on the respective house bank or the lender. This means that the terms or borrowing costs can usually be reduced by an unscheduled repayment. If you still have funds in addition to the loan, but these are not available on a regular basis (eg 13th salary, inheritance, etc.), the special repayment of the loan can be a useful addition.

In the case of special repayment loans, it is important that the special repayment is specified in the loan agreement. As a rule, this is done in advance, so you should consult with the loan agreement beforehand. For many credit institutions, special repayments are offered as a standard for loans under certain conditions, eg once a year up to a certain amount. For others, this must be regulated separately in the loan agreement.

It is to ask whether a special repayment is possible in principle or whether the house bank exempts them from the beginning. The amount of the special loan should also be clarified in advance. Is only a scheduled special repayment possible, eg up to 10% of the remaining debts once a year? Can the special repayment be made at any time and on any scale?

Some credit institutions also offer a full repayment as special repayment. For a loan with a special payment, it is important that the special repayment costs nothing. The loan agreement should provide that a special repayment of the loan is possible free of charge. He is due for early repayment of a loan for payment. 3. In other words, loan repayments in the form of debt rescheduling are often not necessarily cheaper.

However, a cheap loan with special repayment is highly recommended. For the calculation of special repayment, there are lending calculators. However, it is usually difficult to pin down the impact of special repayment on the loan. Because the special payment does not have to be made. You can also repay the loan as planned if you do not have enough cash.

The loan amount would not be repaid faster in this case. Due to the often variable size of unscheduled repayments, it is difficult to calculate the loan with unscheduled repayments. These are the advantages of a special repayment loan: