Online banks are increasingly used by the French and are subject to debate. This is surely due to the fact that online banks are said to be less expensive than traditional banks. Is this really the case? Are there no hidden fees? The MONEYBANKER experts take stock for you! \n
What is online banking?
\nAn online bank is a simplified establishment compared to a network bank. As its name suggests, online banking is a banking organization in which everything is done online. There are therefore no bank branches or counters to welcome customers. However, it is still possible to call on an advisor if you wish to carry out certain banking transactions, if you wish to take out insurance or if you encounter a problem. The advisor's goal is to enable you to become independent in your future banking operations. This particularity of not having physical bank branches is an advantage for online banks, because they can offer much lower rates and more advantageous offers than traditional banks. \n\nRead also:
Why give your children a ball pool?\n\nOnline banks are open to everyone. However, it is preferable to be comfortable with new technologies because, as explained above, they do not have bank branches. This type of bank is therefore much more favored by people who want to save time and money, or by people who would like to be independent. However, online banks are less suitable for self-employed people because they were not created for this purpose. Online banks are evolving rapidly in order to satisfy their customers, but also in order to reach more people. It is therefore not impossible that in the near future, online banks will develop bank accounts for professionals. \n\nYou can compare the best online banks with our
online bank comparator. \n
What are the different types of online banking?
\nYou should know that most online banks were created mainly by banks that already exist, by certain insurers or by telephone operators. Apart from the subsidiary of the telephone operator Orange (Orange Bank), online banks can be classified into different categories: pure players (which are real online banks), online agencies (which are traditional banks with an online banking service) and neobanks. \n\nRead also:
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Why do we say that online banks are cheaper than traditional banks?
\nUnlike network banks, online banks provide their customers with numerous free payment services. In fact, when you join an online bank, you will, in most cases, receive a free bank card. \n\nOnline banks stand out from traditional banks because banking fees are also less expensive: absence of account maintenance fees, fewer fees during banking transactions, subscriptions to certain free premium services, etc. \n\nThus, according to certain studies carried out, among others, by online banks, it is possible to make significant savings on banking fees. It is even possible to save up to €300 in certain online banks! \n\nFinally, online banks offer welcome offers which, most of the time, take the form of bonuses ranging from €30 to €160 as well as sponsorship offers. \n\nWe advise you to take a look at the MONEYBANKER online bank comparator, to get an idea of the different offers at the moment or our page for this purpose: online banking offer. \n\nRead also:
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Are online banks free?
\nA free online bank is an establishment that offers free online banking services. In these banking organizations, there are few or no account maintenance fees, withdrawals and payments abroad are free and you can also benefit from a free bank card. In a so-called free online bank, it is also possible to benefit from other free services such as travel insurance, health insurance, cancellation insurance, etc. \n\nHowever, no online bank is truly free. Generally, although bank accounts are free at most online banks, there may be other fees: for example, fees for cash withdrawal or transfers will be imposed at some banks. There may also be conditions for using the bank card so that it is completely free. However, these types of fees are generally lower than at a traditional bank. \n\nOnline banks are known for having very low fees on all banking products and services and are cheaper than traditional banks. This is why some of them are often described as free. \n\nRead also:
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Are online banks cheaper?
\nConsidering the above in this article, MONEYBANKER experts can say that online banks are actually cheaper than traditional banks. Not only do they offer competitive welcome bonuses, but they also allow you to make significant savings on your banking fees. \n\nSo what are you waiting for? Aren't you tempted to open a bank account in an online bank? \n\nRead also:
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