During this 2020, many clients have suffered the collection of commissions on their accounts. Banco Sabadell, Abanca and CaixaBank, for example, have starred in some of the episodes that have most infuriated consumers, since These commissions amount up to 240 euros per year in some cases. Added to all this is the arrival of Banco Santander’s new plan, Santander One, which will require its customers to be more involved if they do not wish to have to pay any type of commission.
Many entities have hardened or will soon toughen their linkage policies, so the payroll will no longer be sufficient by itself to avoid the collection of commissions. In addition to direct debiting a recurring source of income, more and more banks require a greater linkage which may well translate into direct debit of a specific number of receipts or in contracting other products such as credit cards, plans pension or insurance, among others.
Before changing the conditions of their accounts, banks they must notify their clients two months in advance. During that period of time, the user, as explained from the financial comparator HelpMyCash.com, can cancel their account if they do not agree with the future changes and move to another entity that offers an account at no cost and with a little or no link.
Accounts without linking and without commissions
Although it may seem that these types of accounts do not exist from HelpMyCash they indicate that it is still possible to find accounts that do not require having to purchase additional products or maintain a specific balance so that they are free.
A clear example is found in ING and in your Payroll Account, which does not require any kind of requirement for it to be free. It has no commissions and offers a debit card and a credit card at no cost with which it is possible to withdraw money from a total of 50,000 ATMs. The account will continue to be free even if the payroll is not domiciled, but directing a source of income gives its holders extra advantages such as two days of free overdraft.
EVO Bank is another attractive entity if you are looking for an account without commissions and without linking requirements, two characteristics present in your EVO Smart Account. It offers a free card that combines debit and credit mode with which it will be possible to withdraw money free of charge all over the world. In addition, it brings attached a savings account at 0.05% APR for free to which any amount greater than 3,000 euros is automatically transferred.
Bankia nor does it require any type of link in your Account_ON, a 100% online account without commissions and exclusively for new clients. It will be completely free as long as the entity’s digital profile is complied with and all the procedures are carried out electronically through the app, online banking or through the 5,300 Bankia ATMs.
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