Although they are you rush to exchange offices and the frenzy for euros in Serbia, artificially induced irresponsible statements of the president of the state about the collapse of the banking sector, some banks limited the purchase of euros to their clients. That's how they "hit" the limit on exchanging dinars and buying foreign currency through the bank's applications, which a large number of citizens have on their phones.
Some banks have lowered the limit for one transaction to only 100 euros, while only employees of that bank have the benefit of trading euros through the virtual exchange office. Not all banks have this limit, so it is best for citizens to ask in advance if they want to buy foreign currency in this way.
"I thought something was broken, because I couldn't possibly buy 330 euros through the application on my bank's phone," says one citizen. "Then an employee of that bank, who is a friend of mine, told me that a limit was introduced, so I tried with 100 euros and managed to buy foreign currency. I was quite annoyed that I lost the whole day in this and could not buy the goods I wanted in time. They should have informed us visibly about this change."
Opportunity to earn money
It should be borne in mind that some banks charge a certain fee for exchange services, in addition to the exchange rate. So now citizens, when there is a limit for exchanging money, actually have to pay that fee several times, if they want to exchange more than 100 euros. It is only an additional, small cost for clients, and for banks - an opportunity to make something extra.
In one of the banks, instead of 330 euros, the client was able to buy 325 for the amount he had, so the bank earned five euros on these transactions. Five by five…
Exchange rate difference
It is also important to note that the exchange office through commercial banks is not the most convenient way to buy euros, because banks do not have a limit for deviating from the middle exchange rate prescribed by the National Bank of Serbia. Thus, the exchange rate for buying and selling euros is, as a rule, several dinars less favorable than when the transaction was made at the exchange office. However, banks count on the fact that clients often hate to withdraw money from their accounts, go to the exchange office and deposit it again at the ATM, and in many cases ATMs do not have the ability to deposit money, so people have to wait in line at the bank branch itself.
That's why many people "sacrifice" that difference to save time. However, they do not think that for a larger amount, especially if they change foreign currency before the trip or for a larger purchase, the difference is still significantly larger and they lose more.
Thus, on December 19, the euro was sold in exchange offices for around 118,7 dinars, and in banks for up to two dinars more.
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