Who would not like to enter their checking account one day and find an extra 600 euros? Well now it is possible. Some banks are willing to give away several hundred euros to consumers who open a current account. Money fallen from heaven. But in exchange of what?
Mainly, from a payroll. And also a stay of one or two years. It is the price you have to pay to get cash as a gift. Therefore, if you are going to sign a permanence commitment, it is important to know the small print of the promotion and verify that the bank’s conditions are attractive, they explain in the financial product comparator HelpMyCash.com, who have analyzed which are the best accounts with a gift this year.
Abanca currently gives away 300 euros net to new customers who deposit a salary or a pension of at least 1,200 euros into the Clara Account and keep it for two years. But if the account has two holders and each one directs their income, the incentive is double: 600 euros. The account has no maintenance fees.
Imagin has just launched a campaign to attract clients with payroll. Give away 200 euros to users who deposit a salary of more than 1,000 euros and keep it for one year.
Banco Santander does not want to be left behind either. The entity rewards customers who deposit their salary or a pension of at least 600 euros in the Online Account with a 150 euro gift. The permanence, in this case, is one year. This account for new clients has no commissions or conditions, that is, it is not necessary to direct deposit a salary to open it, but those who receive their salary will receive a cash prize.
BBVA follows the same strategy to promote its Commission-free Va Contigo Payroll Account. Give 150 euros to new clients who hire it no later than January 31, 2023 and direct deposit a salary or a pension of at least 800 euros per month. The permanence is also one year.
The banks’ strategy is to attract new clients with a payroll and tie them up for one or two years with the intention of turning the entity into their main bank. After all, when we direct deposit our salary into an account, we also tend to direct deposit the receipts, use the card… For this reason, most banks that give gifts do so in exchange for their clients direct depositing a salary and fulfilling a commitment of permanence
“A few years during which the bank can convince us to hire other products such as credit cards, loans, insurance, investment funds… The ultimate goal is to make the customer profitable,” say HelpMyCash sources.
