When are you considered rich by a bank? First of all: it’s less than you might think. Hard financial institutions are not blinded by this assessment and actually divide their customers into three groups. Krone+ shows what these are, which banks Austrians trust the most and how you can negotiate better.
Have you already or almost paid off your apartment or house? Then you are already considered rich, but the bank doesn’t really care. It is also clear, because you can no longer earn money with a paid-off house. The only important thing for the financial institution is the following fact:
How fluid are you and how much of it do you have available? The bank can only invest this amount and earn money with it. There are three groups for this – see below.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
