There is no Christmas without Santa Claus, the Three Wise Men of the East or, for the most believers, the Baby Jesus. In fact, this time of year cannot be conceived without them as protagonists. But, at the same time, they also involve antagonistic characters, such as the Grinch or King Herod. Saving the distance, something similar was happening in the financial sector: Until recently it was very difficult to find a product as essential for everyday life as accounts, but without implicit commissions..
However, “the panorama has changed a lot in recent years,” they point out from the financial comparator HelpMyCash. Currently, The market does give the possibility of easily and quickly hiring diverse commission-free accounts. Even more so, these days, when opening one to save not only has no costs, but it even offers gifts and profitability. Furthermore, “these strategies are no longer only for fintech and small entities. Large banks have also joined the wave of marketing commission-free accounts with online processes to attract new customers,” they add.
A case that perfectly represents this new paradigm is theBBVA Commission-Free Online Account. It is a product designed for new customers that has no cost and that, in addition, offers various gifts. On the one hand, the possibility of obtaining a iPhone SE if you have children between 12 and 17 years old and, on the other hand, the Free Aqua debit card. The process is 100% online and without paperwork, which places it within easy reach of anyone.
For its part, another of the giants in the sector, such as Banco Santander, has positioned itself strongly in the market for commission-free accounts. In fact, his Santander Online Account It is considered one of the most attractive, since, apart from not having management or maintenance fees or requiring conditions, it also offers a free credit card and give away up to 400 euros gross per home income that exceeds 2.500 euros, or, give 300 euros for a payroll of at least 600 euros. Of course, like BBVA, it is exclusive for new clients.
Thirdly, another traditional bank that has joined in marketing a commission-free account is Sabadell. It is also designed and launched to attract new clients and offers free cards, but it differs from the other two previous ones in that its “gift” is in the form of interest remuneration. Specifically, and if you hire before January 2nd, offers a profitability of 6% TIN lThe first three months and after 2% TIN up to 20,000 euros, which is equivalent to an APR of 3%. And, in addition, it also offers a refund of 3% of electricity and gas bills. And like BBVA and Santander, the Sabadell Online Account It does not require a payroll or income.