No banking client disputes that the commissions have been the goal to avoid in recent years. Those who had payroll domiciled in the bank tried to play that trick to avoid collection. If they were not successful, they had the option of changing banks in search of another with more lax conditions.
But, what options does the bank client have who does not have regular income? Not everything is lost. There are entities in which it is not necessary to brandish a payroll to avoid commissions.
In addition, as a general rule, and as Estefanía González, Kelisto’s personal finance spokesperson, points out, they do not have fewer services than the rest, except for two exceptions.
“The client would not have access to the promotions of payroll accounts, such as those that include gifts, gifts in the form of money, high profitability for a few months, etc,” he says and, in addition, “the client would not receive a credit card either because, to grant this type of financing product, the entity needs to ensure that the user has regular income”.
Leadership of online banking in non-collection
The online banking has curbed the collection of commissions. The vast majority of digital and fintech entities have accounts without payroll for customers who, either do not have that regular income, or wish to have a second account with 100% digital operations.
So they are an alternative. From Openbank there are two options. On the one hand, heto Open Current Account, which does not apply commissions and Nor is it necessary to domicile a payroll to open it. It allows you to make free transfers and withdraw money from all Santander ATMs with the associated debit card.
In the event that the client wants a savings account, that is, with a certain remuneration, but with the same advantages of transfers, zero commissions and operations, the entity also markets the Savings Account, which offers a return of 0 .5 percent, somewhat higher than the average for remunerated accounts in Spain and also above the official price of money.
Another option comes from Coinc. His Coinc account is still free and does not charge for transfers or for debit and credit cardsIn addition, it is not necessary to domicile the payroll and offers a certain remuneration, specifically 0.20 percent. In addition, it allows the client to establish savings goals, which can be a good start to acquire this habit.
MyInvestor is one of the entities has made a stronger commitment to this type of banking product. The entity, in addition, tempts the client with a remuneration of 1 percent the first 12 months on a maximum of 15,000 euros to later go to 0.1 percent.
At least 13 fintechs operate in Spain and also offer the possibility of opening an account without commissions, and without having to domicile the payroll. Among the best known are N26, Revolution o Bnext, which also allow debit cards, which in some cases, such as Revolution, apply fewer commissions to withdraw money abroad.
Big banking doesn’t want to miss this train
Even traditional banking offers accounts without commissions, but without having to domicile the payroll either. In this case, the only requirement is that it be done online and be a new customer.
They operate on this ship BBVA and Banco Santander. both entities have successively launched, and fearing losing the pace of attracting customers and liabilities, accounts without commissions, but with free debit cards and without any link.
Evo Banco is also another of the entities that bet on this type of product. The entity offers an account without commissions and without requirements, with immediate transfers, bizum and free ATMs, which is also an advantage.
Banks asking for something
Without the need to domicile the payroll, but with some requirement there are also options. Bankinter, for example, is one of them. The entity has its own version of the Payroll Account, which has given it so much success, with the Non-Payroll Account, in which, although it is not necessary to direct deposit a payroll or pension, it is necessary to make regular payments, card expenses and direct debit of receipts.
In exchange, the client will have access to an account that offers a remuneration of 5 percent the first year (for a maximum of 5,000 euros), to go to 2 percent the following year.
ING Nor does it ask for a payroll to access an account without charges, but it does request monthly income of at least 700 euros that come from another entity.