If you feel like your money is melting like snow in the sun, it might be time to switch banks to save on bank charges. To help you make a choice, MoneyVox unveils the list of the cheapest online banks in August.
To start your holiday under the best auspices, consider changing banks. And for good reason, if you opt for the cheapest online bank in August according to our comparator with a classic profile, you will be able to save 250 euros in bank charges per year. Depending on your profile, your bank may charge you several hundred euros per year, even though other establishments are completely free for the same use.
Some banks are also generous and offer a bonus when opening an account. At this time, depending on the establishment, the amount of the welcome bonus can increase up to 130 euros. What to leave with peace of mind. Find out without delay which is the cheapest online bank in August according to 3 profiles: classic, young and premium.
For a young profile
The young profile of our study corresponds to a client under the age of 25, earning nearly 800 euros per month and having basic banking needs (a bank card with systematic authorization, or immediate debit, two monthly withdrawals outside their bank, a few transactions outside the euro zone during the year, and instant transfers).
For this typical profile, three online banks are competing for first place, with 0 euro in bank charges per year. It is Boursorama Banque, Fortuneo and Revolut. At the foot of the podium, we find the nobanque N26, with 1.70 euros (only) in annual bank charges.
If you match this profile and are thinking of changing banks, there is an icing on the cake: at the moment, Fortuneo is offering a welcome bonus in the amount of 80 euroswhen Boursorama Banque for its part grants 100 euros its new customers. No bonus, however, on the side of Revolut. Nevertheless, the British nobank offers 3 months freefor any subscription a Premium subscription (then 7.99 euros per month).
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For a classic profile
If you have some basic banking needs, that you earn approximately 1,700 euros net per month, have a classic bank card with immediate debit, make up to three cash withdrawals per month, as well as a few transactions abroad once a year, and that you benefit from a authorization of overdraft of 900 euros, exceeded twice in the year, then you correspond to our classic profile.
In this case, two online banks rise to the top of the ranking: Boursorama Banque and Fortuneo. The annual bank charges for these two banks are 2.78 euros. In third place with 18.98 euros per year, we find Orange Bank, which is about to close its doors. Finally, BforBank offers the best alternative for customers with a classic profile, with 42.38 euros fees per year.
Regarding bonuses, BforBank is more generous than its competitors since the online bank currently offers up to 130 euros bonus its new customers. To receive the bonus, however, you must combine the opening of a bank account with that of a BforBank savings account.
For a premium profile
Finally, according to our study, the customer with a premium profile will have every interest in turning to Fortuneo or Boursorama Bank. Both establishments charge 0 euro year for this typical customer. far behind with 58.14 euros bank charges per year, that’s BforBank who takes third place.
As a reminder, the premium profile customer earns approximately 3,000 euros per month, is in possession of a top-of-the-range debit card, is covered by means of payment insurance, and travels regularly outside the euro zone. As such, he makes around 1,000 euros in card payments per year. Finally, he has an authorized overdraft of 2,000 euros, which he never exceeds.
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