Online banks offer a lot of facilities. This is why it is of interest to many users. In addition to being able to view and manage your account anywhere with an internet connection, they boast of being cheaper than traditional banks. This is actually their first argument. But is this really the case?
Online banks offer a lot of facilities. This is why it is of interest to many users.
In addition to being able to view and manage their account online anywhere with an internet connection, they boast of being cheaper than traditional banks.
This is actually their first argument. But is this really the case?
Free services and others that cost less than a traditional bank
If you already have an account in a traditional bank, you should definitely know that many services are paying. These same facilities can, in some cases, cost three to four times less with an online bank.
And even if many benefits are offered, it often happens that most are free. You can have a credit card at the time of opening your account, but without having to pay fees. This same service is most often paid with conventional banks. There is no charge either for opening, holding or closing a current account.
In some cases, you may even save at least 50% on managing your current account. And it’s really a huge advantage for the customer who can manage their account. For example, he or she can hire an advisor without paying additional fees for the consultation. That’s why it’s often said that they are cheaper than conventional banks.
Why are they cheaper?
NeoBanks can offer many benefits to their clients because they have lower fees. For example, they can make big savings on physical agency fees. There is also no charge for staff. Since they have no fees, they can therefore offer certain benefits to their customers.
Among these, there are time slots to consult your advisor. You no longer need to take a few hours during the day to go to the bank. You just have to wait until you reach home to discuss with him. It is also not necessary to make an appointment.
Although they are undeniably cheaper than conventional agencies, some may offer more benefits. So, before opening an online account , it is important to read all the options available.