Tips for creating an online bank account

25 septembre 2020

We all know that a bank charges a fee to manage your account. Whether it’s the account maintenance fee or the credit card fee. In this article, we will help you set up an online banking account as well as the banks that are cheaper in terms of fees.

Create an online bank account: Top 5 free online banks

Of course, only online banks that we can afford to open for free. With this kind of bank, you can get a credit card for free too. The fees charged by these banks are less expensive than those of conventional banks.

Creation Description Condition
BFORBANK 2009 by Crédit Agricole Offers loans for real estate, life insurance, or for personal interests. To have an income of 1200 or 2000 euros minimum to have the credit card.

File to be provided: your contact details/certificate of residence.

To be 18 years old.

Hello Bank 2013 by BNP Paribas All banking transactions are possible.

320,000 registered customers in France.

It has a mobile application.

Proof of 1000 euros or 5000 euros of income on your account.

If it’s a linked account, you need 2,000 euros.

Be 18 years of age

Monese 2013 All your actions are done through the mobile application.

You have the right to withdraw 2,000 euros per month. The bank takes 2% of this amount from you.

For unlimited access, the premium account is for you (14.95 euros per month).

All you need for registration is a passport. 15 euros for each registration.

N26 2013 It’s a German bank. The personal N26 package will help you open the account and get a debit card. To be 18 years old

You must live in the following countries: Austria, Ireland, France, Germany, Spain, Italy, Netherlands, Belgium, Portugal, Finland, Luxembourg, Slovenia, Estonia, Greece, Slovakia, United Kingdom, Poland, Sweden, Denmark, Norway, Liechtenstein, Iceland.

Revolved 2015 Online banking account registering 3,000,000 customers in Europe with 400,000 in France.

With the standard package, you have the right to access IBAN where you can withdraw 200 euros free of charge.

Welcome bonus 6 euros.

Identity paper

By the way, you can also learn more about the strategy for managing a professional bank account by following this link.

Tips for creating an online bank account

To create an online bank account, nothing could be simpler, enter your details then you must prove your identity by a passport or identity card and a certificate of residence. Any bank will ask you for these different documents.

It’s a matter of routine. But there are banks that ask you for even more information. They ask for your professional situation or your pay slip. After all this hassle, you will receive your credit card by post. You have to make a withdrawal to activate the card, make a deposit if the bank asks for it.

Advantages and disadvantages of an online bank account

Benefits Disadvantages
  • Inexpensive fees
  • Free credit card
  • Ease of saving
  • For Hellobank: you will receive a bonus of 80 euros when you open an account.
  • Have the advantages of traditional and online banking at the same time
  • Lack of expertise on the customer relationship side
  • You can’t ask for advice if there’s a problem…
  • You must email your check to cash the money.

There are also banks for companies. You must validate your status as an entrepreneur. You must open another account besides your personal account. It is very important to find out about the bank. Small worry, if you are a professional, you pay 20 euros per month for account keeping.

Banks exist to look for money as well. They are there to help you, but there is a price to pay. If you go through a bank that offers a debit card, it will make it easier for you. N26 and Revolut do. There is a real difference between traditional and online banks.

And if you want to make money online, join the Business Express course!