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HomeLatest NewsNew year, new account: banks that will not charge maintenance fees

New year, new account: banks that will not charge maintenance fees

Date: December 8, 2023 Time: 02:04:27

How much money does our relationship with the bank cost us? Now that the end of the year is coming, we can take stock. Some customers pay up to 240 euros a year. And that only goes to cover the maintenance of your checking account. If they have a card, they can expect to pay a lot more.

But while some clients pay hundreds of euros each year, others pay nothing. The price of banking services varies greatly from one entity to another. Even within the same bank, a checking account cannot cost anything and another more than one hundred euros.

If our goal for 2023 is to spend less and save more, it’s time to rethink our relationship with the bank. The financial product comparator HelpMyCash.com has analyzed the market in search of banks that do not charge maintenance fees for the checking account or the card.

Options in BBVA

Of all the digital accounts that we can sign up for in Spain, BBVA’s is probably one of the most popular. There are more than a million people who have hired it.

The BBVA Online Account is an alternative for all those consumers who are not yet clients of the bank, since it can only be contracted by new clients and who want an account without commissions or conditions in one of the main banks in Spain. To open it, it is not necessary to direct deposit or payroll, or receipts, or maintain a minimum balance.

The account can be opened alone or with another holder and each one will receive a debit card with no issuance or maintenance fee. BBVA does not charge for issuing SEPA transfers or for sending money through Bizum.

Abanca accounts

Another alternative is to open a Clara Account in Abanca. The Galician bank offers an online account without commissions, transfers and free debit card, Bizum and the possibility of opening it alone or accompanied (admits up to two holders).

To open it, it is not necessary to have a payroll domiciled, just be a new client of the entity. However, if you want to enter a salary each month (a pension also works), the bank will give us 300 euros. To get the incentive, the salary must be at least

Banco Sabadell Alternatives

Another account that has received a lot of publicity in recent months has been the Sabadell Online Account. Its main advantage is profitability: it remunerates the balance that we have in the account (up to 30,000 euros) at 2% APR the first year just for contracting it, without further requirements.

This digital account, aimed at new Sabadell customers, has no maintenance fees, does not charge for transfers, allows you to send money through Bizum and includes a free debit card.

Domiciling a payroll is not mandatory, but doing so has a reward. If you bought direct deposit of our salary, the bank will give us 175 euros, explain HelpMyCash sources. In this case, the payroll can be of any import.

How to save with Banco Mediolanum

Banco Mediolanum’s Evolution Account has three advantages that make it stand out from the competition. First of all, it has a return of 1.41% APR for a balance of up to 10,000 euros. Secondly, it returns 1% of all receipts direct debited to the account with a maximum of 10 euros per month, and thirdly, it allows you to withdraw money for free four times a month at any ATM in the world if the commission is less than three euros, yes, at ATMs located in Spain you have to withdraw at least 100 euros for the refund to be free.

The account has no commissions and cards and transfers are free. It also allows you to send money through Bizum. To enjoy all these advantages, certain conditions must be met: have at least 25,000 euros invested in funds, pension plans or life insurance, direct deposit of a minimum of three monthly bills and meet an extra requirement such as direct deposit of the payroll.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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