With skyrocketing prices and inflation that closed October at 7.3%, it is increasingly difficult for many families to make ends meet. At a time of economic stress it is strange that banks are willing to give away money. But what is true in the promotions that ensure that you can receive up to 300 euros as a gift for opening an account?
Entities such as Abanca, Sabadell, BBVA, CaixaBank or Santander are struggling to attract new customers and for this they offer money as a gift in exchange for you taking your income with them.
Salary is one of the most precious treasures for banks. The loyalty relationship with the client usually begins through the direct debit of the payroll, since the receipts and the contracting of other products such as cards, loans or deposits will probably come later.
However, experts warn that the conditions of the promotions must be carefully reviewed, which usually require minimum amounts and permanence commitments (at least a year). In case of non-compliance, the most common penalty is having to return the proportional part of the money that has been received.
From HelpMyCash they also point out the need to check if the current account in which the payroll is going to be domiciled has maintenance fees. The experts explain that, in general, the larger the gift, the more demanding the bank is with the amount of the payroll and the longer the permanence that must be met. They insist that you not only have to look at the gift, but also pay attention to other important aspects such as the conditions of the account and the taxes that must be paid.