by Navid Linnemann

That will change in 2019

A new year brings literally new luck. That can be, but not necessarily. But there are changes in every case. Where do consumers in Germany and other European countries dig deeper and where can they save money? That and more in this overview.

Making calls in the EU is cheaper

It is heard again and again, and by May 2019 it’ll finally come true: The prices for telephony and SMS are capped EU-wide. A maximum call may cost 19 cents per minute and a text message 6 cents regardless of whether landline or mobile are used. Not only tourists, but also expats in the EU benefit from these lower prices.

New Euro bills

In recent years, new banknotes have been gradually introduced in the euro area. The missing 100 and 200 euro notes will follow in 2019. The ECB wants to act against counterfeiting and new security features are integrated into the banknotes. The old banknotes remain valid. Incidentally, the new bills will be smaller and fit better into your wallet.

I-Tan lists in online banking are abolished

While new bills are introduced, a previous technique will be abolished. This refers to the I-Tan lists that bank customers were previously able to send by mail. With these lists and the TANs printed on them, transfers could be made on the Internet. In the future, this will only work with digital solutions, such as the SMS-Tan method. Consumers should check with their bank for available options. This is particularly important for foreign Germans who want to use an account in the old country.

Postage costs at the post office rise

As punctual as Deutsche Bahn in December, Deutsche Post is also increasing its postage in the New Year. At least for 5-kilo packages at the counter, the price increases by 50 cents. Online franked shipments are not affected by the price increase. In addition to private customers, however, business customers also have to expect price increases. The individually negotiated contracts are rising due to the increased transport costs at the post services.

Translated from the German original by klimeck consulting.

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