In an increasingly competitive financial market, with a wide variety of banking entities and financial products, the decision to change banks can be an opportunity to improve the customer experience and optimize finances. However, this is not a decision that should be taken lightly.
“Changing banks involves moving your money and your financial operations to a new entity and it is important to verify some points before, to avoid having to pay maintenance fees, for example,” warn the experts of the financial comparator HelpMyCash.com
To help users make this decision, analysts present three fundamental questions.
As explained by HelpMyCash, the entity will reimburse up to 60 euros gross per month for one year to new customers who present at least one bill for services such as electricity, gas or telephone/internet, without having to link their payroll. In total, the bank will be able to return up to 720 gross euros during the twelve months to those who open an Online Account.
“Of course, the only requirement demanded by the entity to receive the full bonus of 720 euros is to direct debit at least one receipt and maintain an average minimum balance of 400 euros in the bank account. In addition, the Online account, without commissions or conditions, which includes the Aqua card without commissions”, they add.
To access this promotion, during the registration process you must enter the code RECIBOS720.
EVO’s Welcome Smart Account allows clients to operate completely online, without hidden costs, and enjoy a profitability of 2.85% APR up to 30,000 euros. In addition, its advantages include the opportunity to open a deposit at 2.85% APR for one year and obtain a free debit and credit Smart Card, both with the possibility of withdrawing money worldwide without fees. However, this offer is exclusive to new customers.
The Revolut standard account has no annual fees and allows the holder to withdraw money in another currency for free at any global ATM up to €200 per month (or five withdrawals). Subsequently, a 2% charge will be applied to the amount withdrawn. In addition, it allows you to pay up to 1,000 euros without incurring currency exchange fees. Once this amount is exceeded, a 1% charge will be applied to the amount.
In addition, it offers the possibility of obtaining up to 3% cashback on accommodation expenses worldwide. The virtual card is free and to obtain the physical one you must pay a single payment of 6 euros.
The N26 debit card is linked to the bank’s current account, exempting the holder from commissions for both issuance and maintenance. The first three cash withdrawals in euros, made at any ATM within the European Union, do not carry any additional charge; From the fourth withdrawal, a commission of 2 euros per operation will be applied.
For withdrawals in currencies other than the euro, a 1.7% commission is imposed, considerably lower than most banking entities in Spain. However, there is no currency exchange fee when making purchases with the card. The free account includes a virtual card compatible with Apple Pay and Google Pay, but for an additional cost of 10 euros you can request the card be sent in physical format.
N26 provides an intuitive and easy-to-use application. The app offers an ATM locator that does not apply additional charges (surcharge fee) and allows you to adjust spending limits and block the card instantly.
