Commissions are one of the most annoying charges for bank customers. Financial institutions can charge up to 240 euros per year for the maintenance and administration of the account if the linking requirements are not met. But they are not the only charges, since the client can also pay for transfers or the issuance of their credit card.
Fortunately, there are numerous banks that do not charge commissions of any kind and, what is better, without asking for anything in return. “It is increasingly common to find account offers without commissions, with additional advantages, and without any type of cost,” explain the experts at the financial comparator HelpMyCash.
Specifically, experts highlight that “there are more and more accounts that can be opened 100% digitally, that do not charge commissions for their products, both traditional and native digital banking.”
But, in addition, HelpMyCash adds that these accounts not only allow you to save up to 60 euros per quarter in commissions, but “due to the great competition, they offer different incentives to hire them.” For example, with these accounts you will have a debit card (and in some cases also a credit card) completely free.
The Revolut Account is a classic. It is an account with a Spanish IBAN, which does not have any type of commissions, neither for maintenance nor for administration, and it is not necessary to domiciliate the payroll for this. In addition, it is an ideal account for travelers, as it allows you to withdraw money from ATMs abroad free of charge and pay with the card applying the best exchange rate in another currency. In addition, an expected return on savings of up to 3.97% can be obtained.
If you choose a traditional bank, there are also different options. The Santander Online Account is an account that does not charge commissions of any kind and that gives access to withdraw money from the 30,000 ATMs that the bank has throughout the world. It also does not ask for the payroll, but if you decide to domiciliate it, Santander gives 400 gross euros for payrolls of more than 2,500 euros and 300 euros for those between 600 and 2,500 euros.
The BBVA Commission-Free Online Account is also interesting. It is an account that has no requirements, does not charge commissions of any kind and, in addition, has one of the most interesting promotions of the moment: it gives away up to 720 gross euros just for direct debiting electricity, gas, Internet and mobile bills.
For those looking for an account without commissions and without any type of requirement, there are several options on the table. The first comes from EVO, with its Welcome Smart Account, which is marketed with a profitability of 2.85% for a maximum amount of 30,000 euros. In addition, it gives access to a credit account and a debit account at no cost. Likewise, and if you have more savings, you can also open a six-month deposit with a return of 2.85%.
Finally, the N26 Savings Account stands out. It is an account with a Spanish IBAN and gives access to a return of 2.26% with no maximum amount and from the first euro. It is also an ideal entity for traveling, since you can withdraw money free of charge in the eurozone three times a month and pay without limit with the card applying the best exchange rate.