While inflation reaches 6% in July, how about saving money on your bank charges? Thanks to the ranking of banks carried out by MoneyVox, here is an overview of the least expensive banks in July.
According to the monthly barometer produced by MoneyVox, it is possible to save up to 259euros per year. This ranking of the least expensive banks is based solely on the bank rates displayed by the various establishments, which we systematically record. To realize it, 3 profiles are studied: classic, young and premium. These typical customers all have different needs (learn more about the methodology).
All profiles combined, online banks are at the top of the rankings again this month. Offering a full range of banking products, they promote competitive day-to-day management rates and attractive welcome offers.
For a classic profile
The classic profile is based on a person earning 1,700 euros per month, holding a classic Visa or Mastercard bank card with immediate debit, with common banking needs (a check book, an overdraft authorization, 3 cash withdrawals outside their bank, a few rare operations abroad, etc.).
For this profile, online banks Fortuneo and Boursorama Banque take first place in the ranking, with 2.78 euros in annual fees. Fortuneo currently offers its new customers the opportunity to benefit from a welcome bonus of 150 euros, compared to 130 euros at Boursorama. Orange Bank completes this podiumby offering a current account from 24.98 euros per year (about 2 euros per month), and a current welcome offer of 100 euros at opening.
Ct traditional banks, Crédit Coopratif is the least expensive bankwith an annual rate of 109.05 euros, or about 9 euros per month.
For a young profile
The duo Fortuneo and Boursorama remain in the lead concerning the young profile, with an annual cost of 0 euro. These online banks also offer welcome bonuses for new customers (as a reminder, 150 euros at Fortuneo and 130 euros at Boursorama currently). Also well ranked are nobanks Aumax for me and Revolutfree for a young account.
The youth profile is designed for a person under 25with 800euros of income and simple banking needs (for example 2 cash withdrawals per month outside their banking establishment, no checkbook, no overdraft authorization, etc.).
With regard to traditional banking establishments, the most competitive remains the Caisse d’Epargne Cte d’Azurwhich has an annual rate of 14 euros for a young profile, or just over 1 euro per month.
For a premium profile
The premium profile is based on a person with comfortable income and tight banking needswith a top-of-the-range card and elaborate services (notably in terms of foreign currency payments and travel insurance).
Again, Boursorama Banque and Fortuneo dominate the ranking! Opening a premium account with one of these banks means benefiting from the current welcome bonuses and paying no account maintenance fees throughout the year. As for BforBank, which is in 3rd place, it has an annual premium rate of 64.14 euros (about 5.30 euros per month), with a current welcome bonus of 30 euros for the first opening of a bank account.
Regarding traditional banks, once again, the Cooperative credit offers the cheapest offer with an annual rate of 143.03 euros (about 11 euros per month), followed by Crdit Agricole Touraine Poitou (156 euros) and Caisse d’Epargne Rhne Alpes (160 euros).
Comparison of online banks