Banking services for free?

The banks are trying new formulas to try to retain and attract customers by the economic slowdown across Spain.

Currently, some institutions such as La Caja de Ahorros Mediterranean (CAM) has just launched a new product for youth to 26 years, which exempts from paying commissions, or Caixa Catalunya, which has a new investment fund with a commission much more lower than usual.

In the same vein, Banesto has created a new brand of low cost banking, under the name of iBanesto, which does not charge commissions.

There are only three cases that illustrate how financial institutions are trying to maintain their income, in a complicated time for the pockets of many citizens. Hartos de tener que pagar por cualquier servicio en la banca tradicional, muchos se han pasado a la banca online, que en 2007 en España obtuvo 97,8 millones de euros de beneficios. Tired of having to pay for any services in the traditional banking, many have gone into online banking, which Spain won in 2007 in 97.8 million euros of profit.

According to the complaint Users Association of Banks, Insurance and Boxes (ADICAE), the commissions for account maintenance, credit card or make a transfer poses "a significant impediment to the family economy", although it is a big business for entities Financial.
Comprehensive income
The net income from commissions of the five major banks: Santander, BBVA, La Caixa, Banco Popular and Caja Madrid in the first quarter of the year was 3977.8 million, an increase of 0.74% over the same period in 2007.