There are still banking entities that penalize their least linked customers and force them to pay commissions for their accounts. What's more, according to experts from the financial comparator HelpMyCash.com, in recent years commissions have skyrocketed to such an extent that there are some banks that charge up to 240 euros a year to cover maintenance expenses.
“Cards, transfers or checks can increase the final bill. In fact, there are some banks that even charge for sending letters to the customer's address or for activating the alert service”, they say from the comparator.
However, avoiding paying commissions is as simple as opening an account that is completely free of charges no matter what. “There are banks that say that they do not charge commissions, in exchange for the client meeting “x” conditions or requirements. But there are others that offer, among their wide portfolio of products, totally free accounts”, they assure from HelpMyCash.
Before choosing a bank account, the ideal is to compare the offer and evaluate which one best suits the profile and needs of the client.
In this sense, the comparator specialists have prepared a list with the best commission-free accounts and have highlighted the strengths and weaknesses of each one.
One of the preferred accounts on the market is the Santander Online Account, it does not have maintenance fees and you do not have to direct deposit your payroll or receipts to contract it. In addition, it includes a debit card without issuance or maintenance fees and allows you to make transfers in euros for free. His weak point? It is only available to new customers. So it is not an alternative if you are already a client of the red bank and you are paying commissions.
If, in addition to wanting a checking account, you are looking for one that makes your savings grow, the Sabadell Online Account is one of the best: it has a return of 2% APR for a whole year for the first 30,000 euros held in the account. It is always free and does not require conditions. But like the previous one, it is an exclusive promotion for new customers.
Another option to not pay commissions is the ING Account No Account. It is one of the few that is not aimed only at new customers.
By contracting it, the customer instantly receives a free virtual debit card and if customers make a purchase of more than 30 euros they can get their money back if the order is lost, not received or if it arrives in poor condition. For experts, the disadvantage of this account is that the debit card is virtual, so if you want to use it, you will have to link it to Apple Pay or Google Pay. In addition, with this account you can only withdraw free money at ING ATMs, some 300 throughout the country.
