When it comes to managing personal finances, choosing the right bank can make a world of difference. One of the key decisions to make is where to direct your salary, as this can influence additional benefits and savings.
One of the most outstanding advantages of choosing the right bank to direct your salary is the possibility of accessing payroll accounts, specifically designed for clients who receive regular income. "These accounts usually offer exclusive benefits, such as exemption from commissions in various banking operations, debit or credit cards at no additional cost, as well as discounts or bonuses in associated services", mention the experts of the financial comparator HelpMyCash.com
According to the comparator analysts, choosing the right bank to domicile the payroll can mean considerable money savings over time. In addition, in its analysis of the payroll accounts available in the market, HelpMyCash highlights that some entities offer bonuses of up to 300 euros per year for direct deposit of salary. This can mean significant returns and extra motivation to choose wisely where to put your monthly income.
"If what you are looking for is profitability, with the Sabadell Online Account you can get interest of 2.5% APR the first year up to 30,000 euros and, in addition, take 200 euros net as an extra gift", they indicate from the comparator.
Another option is the EVO Smart Account that gives you 2.5% APR for one year up to 30,000 euros or the Clara de Abanca Account that also gives you a remuneration of 2% APR for one year, up to 15,000 euros, but also gives away up to 300 additional net euros for paying your salary directly.
And the Santander Online Account, although it does not offer profitability, gives away up to 350 euros for each client who has a salary of more than 2,500 euros.
If what you want is a payroll account to open with another owner, for example your partner, and with free cards for everyone, experts highlight the ING Payroll Account, which admits two holders, and which also now allows you to contract the Welcome Deposit at 2.50% APR for three months and does not require a minimum amount.
“Of course, from HelpMyCash we always alert our readers that, if the bank gives them a gift in exchange for their payroll, it is most likely that they will be forced to complete a stay of one or two years. So our advice is to read the fine print of the promotion before accepting the gift and be sure that you will be able to qualify. Otherwise, it is likely that you will have to pay a penalty ”, they warn.
In summary, choosing the right bank to direct your salary can bring a series of significant benefits. From the exemption of commissions to economic bonuses, each bank offers different advantages to its payroll clients. However, "don't forget to research and compare the offers available in the market before making a final decision," they point out from the comparator.
