The bearing current account: low pay and unfavorable tax

Banks offer the current account paid since March 2005. Operation is identical to the other bank and is subject to the same rules. Can be associated with this account check book, bank card and charges and in case of negative balance, the bank charges will be levied to pay current account holder.

Money that is paid on a current account is guaranteed no loss, except bank failure. In this case, the legal guarantee of deposits to cover you up to 70,000 euros, all accounts combined. Be careful if your current account is paid at a bank which France is a branch, this money into this account depend on the country of the headquarters of the bank.

You can withdraw money from your checking account paid when you want it and using it means for you: cash withdrawal, transfer or check. Deposits of money are also free and easy to achieve. The only constraint is that the banker calls the "value date". If you put money in your account, it will only be available two to three days later.

The remuneration paid to a current account is relatively small. In addition it involves only a few people in that rate, between 0.5 and 1% requires large investments of money to get interest interesting. The interest shall also be paid until a certain threshold set by the bank.

Interest paid to a current account are subject to income tax. You must indicate in the statement of income and you will be taxed according to your traditional tax schedule. By cons, if you choose to levy a 16% flat rate, plus the 11% social, the bank will retain 27% of the amount of interest before being credited to your checking account paid. These payroll taxes are payable in November each year after receipt of a notice of special tax.

Finally, know that you can deduct any bank charges relating to your current account paid.