Charges for maintaining accounts rise by 50% across the Canary Islands for hundreds of thousands of customers.
The takeover "rescue" of the Caja de Canarias by Bankia has produced additional problems for customers including a significant reduction in the level of security for online banking
as well as increased service charges.
Customers need to pay in 2000 euros each month to avoid these charges, given that Spain has the worst unemployment rate in Europe and that the Canary Islands has the highest unemployment rate in Spain the Banks are effectively penalising those who have less money.
The Santander bank do not charge service fees for those who are living on social security payments providing at least 300 euro is paid into your account each month.
This does beg the question also that if someone is receiving less than 300 euro each month does the Santander bank charge for maintaining the account.