After charging fees for access to one's own money, bankers arenow charging fees even for cash deposits into accounts, in anattempt to boost revenues.
The list of bank fees is becoming longer and longer as bankers aretrying to find ways to offset the decline in revenues from lending,but their search has led to conclusions that are hard tounderstand, considering that even the depositing of cash intocurrent accounts or the receipt of money transfers end up beingsubject to fees.
"Banks are going through a difficult time, because they need asmany revenues as possible as a result of the high expenses causedby non-performing loans. I find the measure wrong, however, becauseit reveals the lack of competition in the banking system. Mostcountries in Europe don't have something like this," commentsLaurian Lungu, managing partner of Macroanalitica researchcompany.
BCR, the biggest local bank, charges 1 RON from its customers whenthey deposit RON in their own accounts. If the deposit is made toanother client's account, then the fee starts from 4 RON and may goto 20 RON. BRD and Raiffeisen, another two top ranking banks do notcharge a fee for cash deposits, but charge their clients a fee whenthey put money into their accounts via a payment order, which doesnot involve any cash, however. Most of the times, this alsoincludes the payment of salaries on employees' cards by employers,with employees paying a fee any time their salaries are wired in.
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