Banks struggle to attract customers
Banks, like any other business, compete with each other for customers. In this competition, payroll accounts are one of the most requested products. Each financial institution offers a number of advantages to attract customers to direct debit their payroll or other income.
Several options to choose from
There are many options available to customers looking for a payroll account. Some of the most popular options are:
Buy Online from Banco Santander
Banco Santander offers the Online Account, which provides a bonus of up to 400 euros gross for payroll or pensions of more than 2,500 euros per month. This bonus is paid in two parts, 300 euros when you receive the first paycheck and 100 euros when you receive the second month’s paycheck. For salaries from 600 euros, the bonus is 300 euros. In addition, a direct debit commitment for 24 months is required.
Online Account Without BBVA Commissions
BBVA offers the Online Account Without Commissions, which does not require a payroll, but requires the direct debit of electricity, telephone or gas receipts. Customers who meet this requirement can receive up to 720 euros each year. For this, it is necessary to maintain an average balance of 400 euros in the account for 12 months. This promotion is available until June 30.
Account Clara d’Abanca
Abanca offers the Clara Account, which includes a bonus of up to 300 euros net for the direct debit of a new salary or pension. The exact amount of the bonus depends on the payroll, with a bonus of 150 euros for payrolls between 800 and 1,200 euros. In addition, a 24-month tenure commitment is required and the account offers 2% APR for balances up to €15,000 in the first year.
Smart account welcome EVO
EVO offers the Welcome Smart Account, which not only offers cash back, but also the opportunity to increase your savings. This account includes 2 accounts, one for day-to-day with 0% APR up to 4,000 euros and another for term with a return of 2.85% APR up to 30,000 euros. In addition, EVO does not charge fees and does not require residency.
