What banks do less commissions charge, according to their own clients

The commissions have gained prominence during the last months. Many customers have seen how their bank increased the price of their current accounts or their

What banks do less commissions charge, according to their own clients

The commissions have gained prominence during the last months. Many customers have seen how their bank increased the price of their current accounts or their cards and, in addition, hardened the conditions to be able to operate for free. The new bank commission policy has caused some customers to pay zero euros per year on their own to having to pay more than 250 euros per year, unless they fulfill all the linkage required by their bank.

But what are the banks that charge fewer commissions charge? The financial product comparator HelpmyCash.com has asked more than 1,100 consumers who value their banks' commissions policy. According to the results of the survey, the bank that charges fewer commissions, according to the customers themselves, is ing. The orange entity has obtained a score of 4.1 on five based on the opinions of the more than a thousand respondents who have participated in the fourth edition of the HelpmyCash 2021 prizes, which reward banking excellence.

The silver medal has been for OpenBank. The online entity, which has obtained a four-point assessment, has been located just above Bankinter, which has had to settle for bronze.

The orange entity has been awarded as the bank that charges fewer commissions by HelpmyCash. Despite having started receiving this year a commission of 10 euros monthly to the owners of the orange account with a balance of 30,000 euros or rather than they do not have their income domiciled, the Bank's customers have positively valued their commissions policy. He has also been awarded as the best Bank of Spain, who sells the best current account and the most transparent, among other prizes.

The truth is that Ing's payroll account, its flagship, has no maintenance commissions or by issuing transfers SEPA. The debit and credit cards associated with the account do not have annual fees and the client can take free money on more than 50,000 Spanish ATMs without paying commissions. In addition, it offers other advantages as two days of free discovery and the possibility of sending money by Bizum and using Apple Pay and Google Pay. To enjoy all its advantages, it is enough to dominate a payroll, pension or unemployment of any amount or receive transfers from another bank of at least 700 euros per month.

The second position of the podium has occupied OpenBank. The Santander online subsidiary markets an current account without commissions and without a mandatory linking. An interesting option for those who can not assume the high linking requirements required by many banks or who simply do not want ties.

The Open Current Account does not have maintenance costs, allows you to make free saps and does not charge for the debit card with which you can take money on the more than 7,000 cashiers that Santander has in Spain. OpenBank customers can send money by Bizum and pay with the mobile using the app, as well as Apple Pay, Google Pay or Samsung Pay.

Bankinter has occupied the third position of the podium of the banks charged fewer commissions, according to the results of the HelpmyCash 2021 awards. Consumers have given it an average score of 3.8 points over five.

The entity currently markets the most cost-effective current account of the market; However, not to pay commissions, you must meet three linking requirements: domicile a payroll of 800 euros or more, pay three receipts domiciled to the quarter and use the credit card three times every three months. Comparing these conditions, the Bankinter payroll account has no maintenance commissions or to make transfers know and includes a free credit card with which money can be drawn without cost in more than 17,000 Spanish ATMs. It allows to use bizum and pay with the mobile with the Apple Wallets, Google and Samsung. Although the main advantage of the star account of Bankinter is another: it has a profitability of up to 5% to the first year and up to 2% TAE the second for the first 5,000 euros. In total, 340 gross euros can be earned.

Updated Date: 15 October 2021, 04:33

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