Mistertango - New Balance Fee

[Internationaloff]

I received the following email:

Dear client,

we would like to inform you that starting from 17th of December 2018 a new fee on account balance (Balance fee) will be applied.

Fee equals to 1% annual interest rate and applied on client's any balance amount. The fee will be automatically calculated and accumulated on daily basis, and charged on the last day of current month.

For more detailed information about Balance fee kindly please refer to D.U.K.

If any questions please do not hesitate to contact us at support@mistertango.com

Yours Sincerely,
Mistertango

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[extremedox101]

interest rate ? holy crap they think they are bank.

 

[Internationaloff]

New Balance Fee

 

[Martin Everson]

I did not get that mail as it applies to Personal+ Business+ accounts.

 

[Martin Everson]

Sorry this a negative interest rate charge is it not?

i.e is this to counteract‌ negative deposit rate charged by ECB to hold funds.

 

[Internationaloff]

Exactly...
Personal and business accounts will not be affected by this new fee.