Many people think that the solution to stop paying commissions to the bank It is to enter directly into the payroll, but it is also possible to sign up for a bank account without regular income and direct deposit the payroll directly through the bank each month without commissions or salaries.
This type of online bank without commissions and wages is possible even if you do not have a regular monthly income. You can open a free daily account for everything you need, such as transferring money, registering receipts, paying with a card or generating income without paying a single euro.
Having a checking account is becoming more and more expensive. Even in some banks it can cost up to 240 euros a year if the link conditions required by the bank are not met.
However, more and more banks that do not charge commissions since they have realized the importance of customers. That is why several Spanish banks no longer charge commissions for making accounts, credit and debit cards, withdrawing cash at ATMs or even making transfers.
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WHAT IS A BANK WITHOUT COMMISSIONS?
Most of the banks usually charge two types of commissions. The bank service commission is one that is charged for the regular services offered by a bank, such as the administration of an account or card, currency exchanges or the issuance of transfers. And the financial commission, on the other hand, is linked to the financing costs of a loan, non-payment of debts or bond issuance.
A commission-free bank It is that bank that does not charge you any of these commissions in the operations that a client performs.
TIPS FOR FINDING THE BEST BANKS WITHOUT COMMISSIONS
- First of all, think about the use that you are going to give to your account, since the use that you will give to this account without commissions will determine which is the best one for you.
- Analyze if you usually change banks frequently, if so, we recommend that you hire a commission-free bank with debit card.
- Consider whether you will be able to meet all the linking requirements demanded by banking entities. When contracting a commission-free bank account, remember that they will ask you to meet some of their requirements, therefore, we recommend that before doing so, analyze whether you will be able to meet all their requirements.
BANK TYPES WITHOUT COMMISSIONS
There are different banks that offer commission-free accounts. We show you some of them:
- BBVA Online Account Without Fees: one is offered commission-free account only for new customers and it is 100% online. They provide a free aqua debit card for two holders.
- ING Payroll Account: It is a commission-free online account nor any kind of surprises. They offer free cards with discounts and you can direct deposit your salary, pension or unemployment.
- N26: is a commission-free account no requirements with a free debit and credit card. You can access all ATMs in Europe at no cost.
- Imagin account: this free account and without requirements provides a debit card without commissions. Also, it is digital 100%.
- Account Fazil Neobank: It is a free digital 100% account and card No commissions No hidden conditions.
BENEFITS OF A BANK WITHOUT COMMISSIONS
- You will not have to pay to withdraw money, and not only that, but you can withdraw money at any ATM.
- You will not have to pay a maintenance fee, you can make any movement for free and you will not pay commissions for its administration.
- The client is exempt from annual fees and income or issuance of national checks.
- Nothing happens if you are in the red, they will not charge you commissions.
- The cards, both debit and credit, are issued free of charge.
- Online transfers arrive immediately and you don't have to pay extra.
Precisely Fazil, allows users to have a commission-free account, where they can have a totally free virtual card wallet account. In addition to being able to access the online account without commissions, there are no permanences or registration expenses or maintenance commissions. In short, Fazil is a neobank with no strings attached.
Our recommendation to have a commission-free account is to download Fazil, since it is a Spanish neobank that provides a free virtual 100% debit card. If you are still not sure of all the advantages of a virtual card, we recommend you read our post free virtual cards where you will find all its benefits.