Romanians will be able to create a free bank account for basic services – pension or salary, electronic payments or savings, if the bill announced on Thursday by MP George Tuță will be implemented.
Deputy George Tuță announced on Thursday, during the “Financial Education Forum” that he will continue to develop, through a new legislative initiative, the process of financial inclusion of Romanians.
Tuță announced, for the first time, that the project of granting every Romanian a free bank account for basic services – pension or salary, electronic payments, primary savings is at the beginning of the legislative procedure.
“Today’s event is about the financial education of Romanians and could not find a better place for the princeps edition than the Academy of Economic Studies. After all, education as a social activity is a duty of the education system, especially of the specialized university. As such, I warmly welcome this initiative.
What should we all be interested in? A mix of education, definitely mandatory, and trust. The two are closely linked, because no educational process can be separated from the trust given to the educator, or from the trust in the system in which the educated is stimulated to get involved.
It’s no secret that people value cash today. The same communities, which in 1900 would not have given up on the gold pole, went through education to give confidence to banknotes that in the end were not at all as tangible as a precious metal coin.
Now we are talking about how to increase confidence in something new, I am referring here to electronic money. I am convinced that the mental mechanisms of reluctance are similar to those that have accompanied the widespread entry of banknotes into circulation. And I know that what was done a century ago can be successfully repeated today.
When we talk about trust, I mean all the plans – the banking system, the National Bank, the state, the public administration, plus the trust in those who will stimulate Romanians to spend money online or to save other than the mattress.
But in vain we make a digital and innovative financial education plan if we lose sight of a simple reality: only ten million Romanians have a bank account, only one in five households has insurance and only one in 10 citizens could cover more than a month of expenses if they lose their central source of income. (…)
I use the participation in this event to announce for the first time that the project of granting each Romanian a free bank account for basic services – pension or salary, electronic payments, primary savings is at the beginning of the legislative procedure.
We will have time to analyze for those interested all the details of this project, which comes from European mechanisms, and aims at financial inclusion for all citizens, as part of the digital economy.
Until recently, financial services were imposed almost forcibly by banks, which wanted many customers to charge high fees. The new rules we want to impose would require banks to accept the provision of a basic financial service free of cost, free of charge, and portable between banks.
An extension of the CNP with a financial identity that every Romanian must receive for free “, the parliamentarian explained.
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