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What is the best bank to open a free account?

The main banks in Spain have increased commissions on their checking accounts in recent months or have tightened the conditions for not paying them. A trend that has made it clear that, for banks, making all your clients profitable is a priority and if they cannot do so by placing products such as mutual funds, pension plans, cards, loans or insurance, they will do so by charging them a higher price for accounts and basic services.

Stopping paying commissions is one of the main reasons that push consumers to change banks. But where to turn when the industry has raised commissions on its accounts en masse? Despite the current trend, there is still a remarkable offer of accounts without commissions and without links or with acceptable requirements, explain the experts of the financial product comparison HelpMyCash.com.

These types of free accounts not only allow carry out basic banking operations without paying instead, they offer extra advantages such as the use of Bizum, discounts on purchases or access to thousands of free ATMs.

The best accounts without commissions and without linking

The Openbank Open Current Account has no commissions and includes a free debit card with which you can withdraw money free of charge at the more than 7,000 ATMs that Santander has in Spain, as well as obtain discounts on brands such as Cortefiel, Springfield, Telepizza or Booking.

Neither do the holders of the Clara de Abanca Account have to pay commissions, which, among other advantages, allows them to have free cards and withdraw cash at no cost up to five times a month at the ATMs of Bankia, Banco Sabadell, Bankinter, Caja de Arquitectos, Caja de Ingenieros and Euro 6000 located outside Galicia (without limit at Abanca ATMs).

Another option for consumers who want a free checking account with which to carry out their daily operations is the Liberbank Online Sin Account, free of charges and with a free debit card with which you can withdraw cash in more than 18,000 Spanish ATMs without paying commissions. This offer is aimed at new clients of the entity.

The BBVA Online Account without commissions it is also reserved for new customers. Your holders will receive a Aqua debit card without annual fees that allows you to withdraw money at more than 6,000 bank ATMs. Aqua cards are the first that do not have their expiration date and their number printed on their surface, and that have a dynamic CVV (it changes regularly), which makes them one of the safest means of payment in the world. moment.

These types of accounts are not only exempt from maintenance costs, but also allow make free transfersuse Bizum if the bank is attached to this instant payment system. In general, HelpMyCash sources explain, non-commission and non-payroll accounts are products designed for clients operating through digital channels and they do not go to the branches, since in that case the bank could charge them commissions.

These types of accounts are especially suitable for clients who do not have a payroll, but also for those who want to open a second account or for those who, despite direct debit of their assets, do not want to assume ties.

“Current accounts without commissions and without links are also Useful for couples, family or friends who need to open a joint account and they do not want to pay for it “, say sources from HelpMyCash. Abanca, Liberbank and BBVA accounts admit up to two holders and each one will receive a free debit card without the need to be linked. Openbank admits up to five participants, but only the first will have a card without fees, the rest will have to pay 18 euros per year if they want to have one.

The best for clients with payroll

Customers who have a payroll can get extra benefits that are not usually available to others. For example, the Bankinter Payroll Account has a Profitability of 5% APR the first year and 2% APR the second for a maximum balance of 5,000 euros, which in practice implies that the holder can take around 350 euros gross as interest. The account is commission-free and includes a free credit card that gives access to more than 17,000 ATMs. To contract it, it is necessary to direct a payroll of at least 800 euros, three receipts per quarter and make three purchases with the credit card every three months.

Deutsche Bank pays up to 480 euros in cash to new customers that they sign up for the Plus DB Payroll Account before January 31 through the bank’s app. The entity pays 20 euros per month for two years if a payroll, pension or benefit of at least 1,500 euros is domiciled and at least four purchases are made per month with the debit card or one with the credit card . The account has more advantages: free cards, free withdrawals at all ATMs in Spain and the world, and purchases abroad with no costs for currency exchange.

ING also stands out in this section. The Orange Bank Payroll Account offers two days of free overdraft, withdrawals in more than 50,000 free ATMs, free cards and transfers that arrive at their destination the same day in exchange for direct debiting a payroll, pension or unemployment benefit of any amount or to receive transfers from another bank of at least 700 euros per month.

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