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Postfinance dares with a new negative interest rate policy. Since April or May, thousands of corporate customers pay a fee of 0.3 percent of the first franc, as the consumer magazine “K-Tipp” writes. A Postifnance spokesperson confirmed the report to VIEW.
“Liquidity is now priced from the first franc,” says the spokesman. The amount of negative interest is individual depending on the company. Only “a few thousand” of the 275,000 business customers are affected.
Most clients stick with the old regime, they say. The baker on the corner still has the option to put a certain amount in the account without penalty interest. Those affected are customers “with high liquidity and high payment transactions.” “With these clients, our credit fee policy remains cautious compared to competing banks,” the spokesperson said.
Money for salary
Postfinance has also recently tightened the screws among private clients. About 14,000 people received a letter in January informing them that negative interest would be charged above the 100,000 franc threshold.
The problem: These customers park their money, but they don’t use Postfinance services. However, the bank itself has to pay interest to the National Bank for part of the money invested. The bottom line is that this bill is no longer worthwhile for many financial institutions. For the remainder of Postfinance’s approximately 2.5 million private customers, the previous limit of CHF 250,000 still applies.
The threshold is less fixed for business customers. The allocation is calculated individually. Businesses are only allowed to have so much money that they can barely pay wages and bills for a month. They pay negative interest on the amount that exceeds the tax exemption. (ise)
