But it isn't free. All this talk about transaction fees and what they should be just shows how the modern financial systems makes everyone dumber. Somehow because it shows zero fees on a European bank transfer you imagine the bank buildings cost nothing and everyone there works for free? Everyone else pays for your free transaction.
No need to attack me on this. We barely have bank offices anymore, most of it goes online. It simply means transactions are completely automated which makes the cost per transaction very low.But if you insist on putting a fee on each transaction, you can look at what banks charge businesses. When I make a SEPA withdrawal from kraken.com, I pay 9 cents (0.00005346 BTC) fee.
How much does it cost to open a European bank account? Or how much do you have to leave in it? What kind of identification and contact details do they request from you?
Here internet banking is the most common payment method for bills.The cost of a bank account varies per country and per bank. It used to be free (AKA the bank was happy to get you as a customer), some still offer free bank accounts, but most charge a few euro per month. That includes internet banking and a debit card for ATMs or to pay in shops.
We don't have a minimum balance required on bank accounts. The bank does require a legal form of ID to get an account.
