European Banking Industry: the Netherlands-Depositing cash into your account is not free at major Dutch banks

Paying cash into an ING bank account is to cost €5 a time - after six free deposits - the AD reports on Wednesday.
The bank, which has nine million current account holders, says it is introducing the charges because processing cash is expensive. Children and students will not have to pay a fee.
The Telegraaf says Rabobank has already introduced charges for cash deposits.
- See more at: http://www.dutchnews.nl/news/archives/2011/12/depositing_cash_money_no_longe.php#sthash.GGpzLPzc.dpuf

Paying cash into an ING bank account is to cost €5 a time - after six free deposits - the AD reports on Wednesday.
The bank, which has nine million current account holders, says it is introducing the charges because processing cash is expensive. Children and students will not have to pay a fee.
The Telegraaf says Rabobank has already introduced charges for cash deposits.
- See more at: http://www.dutchnews.nl/news/archives/2011/12/depositing_cash_money_no_longe.php#sthash.GGpzLPzc.dpuf

Paying cash into an ING bank account is to cost €5 a time - after six free deposits - the AD reports on Wednesday.
The bank, which has nine million current account holders, says it is introducing the charges because processing cash is expensive. Children and students will not have to pay a fee.
The Telegraaf says Rabobank has already introduced charges for cash deposits.
- See more at: http://www.dutchnews.nl/news/archives/2011/12/depositing_cash_money_no_longe.php#sthash.GGpzLPzc.dpuf

Depositing cash into their own  bank accounts is costing Dutch Citizens approximately €5 ($6.82) at a time - after they have done six free deposits -

Dutch banks says it had to introduce these charges and fees because "processing cash is expensive". Children and students, they say will not have to pay a fee.

As unbelievable as this may sound it is true and worse is that the Dutch center right coalition Government of Rutte and Samson has not taken any action against this disguised form of "robbery",

Cash still has a "dominant role" when it comes to small-value transactions. It also remains essential form of payment for lower-income consumers who may not have access to alternative payment options, and it is widely used for retail sector payments.

"Small folks" have made businesses, including banks, who they are, and many companies can collapse as a result of the same "little people" united strength. It's really sad that in 2014 - people still constantly need to fight for what is theirs instead of sharing what we have, so we all can gain.

EU-Digest

Netherlands: Fracking - Dutch Town Gives Up on Fossil Fuels

A town in the Netherlands is making history by becoming the first to in Europe to definitively cut ties with fossil fuels companies in a move the industry hopes isn’t going to turn into a Europe-wide trend.

A local court in the Dutch town of Boxtel has raised the stakes for fossil fuels in Europe, ruling against an earlier decision to allow test-drilling for shale, while officials say the town will divest shares in some 200 fossil fuels companies.

Boxtel is a small town in the south of the country and only one of three others where shale exploration was being considered. In August, local authorities asked the court to withdraw the shale gas exploration license of UK-based Cuadrilla, saying too little was known about the potential environmental and health effects of fracking.

The Dutch government was hoping to begin test-drilling in Boxtel and two other locations in the second half of 2014, and had issued a report in August suggesting that risks associated with fracking could be managed under existing laws.

But the local court agrees with the municipal authorities.

In September, Boxtel became one of the first of 100 municipalities to temporarily ban fracking pending further research into the potential impacts. The temporary ban—a minimum of 18 months--came after Dutch bank Rabobank announced it would not lend money to businesses involved in shale gas extraction due to the environmental risks involved. 

Read more: Dutch Town Gives Up on Fossil Fuels