Living without a checking account is, nowadays, almost impossible. You need it to collect your payroll, pay rent or direct debit the water bill. The problem is that for some this obligation costs them up to 240 euros a year. That is the price that a checking account can cost today in Spain.
However, there are banks that do not charge a single euro for maintaining their accounts. They also do not charge for the debit card or for making transfers, so they are an alternative for all those who still pay commissions. In addition, the best commission-free accounts also have no conditions, so there is no need to direct deposit a payroll or receipts to contract them.
There is great competition among banks to attract new customers, which is why many have launched free accounts, according to the financial comparator HelpMyCash.com. This means that nowadays you can have a free account even without payroll, you just need to know where to find it.
