More than half of the Spaniards would be unfaithful to their bank.Specifically, 56% say they would be willing to change their entity, according to a study prepared last year by the account comparator without commissions and financial products HelpmyCash.com.And the main reason to do so would to reduce expenses.
The truth is that many consumers have been forced to change the bank due to the increase in the cost of maintenance of the accounts, which in some cases can exceed 200 euros per year.But changing bank not only allows you to stop paying for the basic operation, but also enjoy extra advantages such as gifts or profitability.
Going to another bank is simple, especially if the relationship is based solely on a checking account and a card.However, the decision should not be made lightly.These are the five errors that must be avoided by moving from one entity to another.
1- Do not check the small print of the new bank
We must not change the bank without first reviewing the conditions that it offers us for great desire that we have to lose sight of our entity.After all, it would be little to change the bank to end in a worse one.It is important to carefully review the account contract and card conditions, especially information related to commissions and requirements.
If our main objective is to stop paying commissions and we do not have regular income or, simply, we do not want to worry about meeting requirements, opening an account in a bank without commissions and without payroll is a solution, they point out from HelpmyCash.Not only will we stop paying maintenance expenses, but we will receive a debit card without annual installments and we can make free online transfers and all this without domiciled a payroll.
For example, the BBVA online account, which already has more than one million customers, has no commissions, includes a free debit card and allows you to get money from more than 4,500 ATMs.And to operate for free it is not necessary to house a payroll, you just have to be a new BBVA client and open it online.Another alternative is OpenBank's OpenBank current account, which neither charges commissions either maintenance or the debit card although regular income is not received
2- To assume that all banks work the same
We must not assume that all the services offered by our former bank will also obtain them in the new one.If we are used to sending money through Bizum, we should look for an entity that offers this service.But do not allow all banks to use it?The truth is that no.Although "the joint sum of the participating entities already represents a market share close to 99%," according to a Bizum statement, there are still entities that do not collaborate with the Mobile to Mobile instant payments platform.
On the other hand, not all banks allow immediate transfers or let us use the same wallets to pay with the mobile.If we usually pay with the smartphone, we must check if our new bank collaborates with Apple Pay, Google Pay or Samsung Pay.
3- Do not close the old account
Emptying the balance of an account and forgetting it is not the most advisable way to change bank.Do not use an account does not mean that it automatically closes or that the bank loses the right to collect the commissions stipulated by the contract.Thus, as long as we are still holders of the account, the bank can continue charging maintenance commissions, explain sources from Helpmycash.So if we have an account that we are no longer going to use, it is convenient to cancel it and request a proof of the closure.In case of not doing so, the commissions could accumulate and the bank could demand the payment of the debt.
4- Close the account too fast
Just as it is not necessary to leave an inactive account open, it is also not advisable to close it too fast.When we change bank, we must take a series of steps such as transferring money to the new entity or home payroll and receipts in the new account.To ensure that the payroll is received correctly and that no receipt pays for paying, it is convenient to keep both accounts with a minimum balance for a prudential period of time until we verify that all receipts and income have been migrated correctly.
5- Forget about giving the account number at work
An important step if we are going to change the bank and we are going to cut all the ties with our old entity is to inform our code company I was about the account in which we want to receive the payroll.In the case of receiving a pension or unemployment benefit, we must notify the change to the administration.