Where does economic freedom end and when does governance begin?
Migros Bank is testing new limits. From November, it will charge more to all customers who live outside Switzerland’s borders.
Much more.
Neighboring country 30.-, otherwise 40.- (MB; IP)
While a simple account for a Swiss or German resident in the neighboring country to the north costs 5 francs a month, it now costs 30 francs.
500 percent more.
This equates to 360 francs per year.
In the Kronenhalle you can spend a proud dinner for two. Or there are 15 individual entries to the Migros Active Fitness Studio.
Migros Bank points out that the institution has “always focused on customers within Switzerland”.
As far as those abroad are concerned, a “current tariff comparison” among banks shows “fees between 25 and 40 francs per month, which ultimately reflects the sharply increased regulatory requirements”.
Accordingly, its own “tariffs” have been “significantly below these values” for years.
Bank as pillar of support (IP)
It was therefore more impossible for the bank to cover “the corresponding costs”.
Just for regulations and stuff.
It would be wrong to wait longer for higher fees.
“Ultimately this would lead to cross-subsidisation of domestic customers compared to those abroad, which Migros Bank cannot allow.”
Inequality – we must protect ourselves against this on principle, the noble statement from the headquarters of the subsidiary that keeps the Dutti Group financially afloat.
For the sake of “wage as polluted (…) one is forced to adapt the fees to the basic expenditure structure”.