Better customer service, a wider range of products and services, reduced bank fees… Changing banks can be relevant for many reasons. To make a choice based on your profile, discover the list of the cheapest online banks in September, according to the MoneyVox comparator.
Your holiday in the sun has cost you more than expected and you wouldn’t be against a little financial boost? It may be time to change banks and thus save up to 250 euros in bank charges a 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.
If you change banks today to one of the institutions in our ranking, you could potentially benefit from generous welcome bonuses for opening an account. In this back-to-school period, some banks offer bonuses that can climb up to 180 euros. Find out which is the cheapest online bank in September according to 3 profiles: classic, young and premium.
For a young profile
The young profile of our study corresponds to a customer aged under 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 operations outside euro zone in the year…).
For this typical profile, three online banks are competing for first place, with 0euro annual bank fees: 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 offers a welcome bonus of 80 euroswhen Boursorama Banque grants for its part 130 euros its new customers, as part of its special Pink Weekend operation. Please note, the offer is only valid until Monday September 11 in the evening. No bonus however from Revolut. Nevertheless, the British nobank offers 3 months free, for 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 immediate debit bank card, make up to three cash withdrawals per month, as well as some foreign operations once a year, and that you benefit from a overdraft authorization of 900 euros, exceeded twice in the year, then you match our classic profile.
In this case, two online banks rise to the top of the ranking: Boursorama Banque and Fortuneo. The annual banking fees for these two banks are 2.78 euros. In third position with 18.98 euros per year, we find Orange Bank, on the verge of ending its activities. BforBank finally offers the best alternative for customers with a classic profile, with 42.38 euros fees per year. Just like Fortuneo, BforBank is currently offering 80 euros in bonuses to its new customers.
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. These two establishments charge 0euro year for this typical client. Far behind with 58.14 euros in bank fees per year, BforBank is in third place.
As a reminder, the premium profile customer earns around 3,000 euros per month, is in possession of a high-end debit card, is covered by means of payment insurance, and travels regularly outside the euro zone. As such, he makes around 1000 euros of card payments per year. Finally, he has an authorized overdraft of 2000 euros, which he never exceeds.
Online banking: comparison of the cheapest banks