Several advantages are available to you by being a customer of an online bank compared to a so-called “traditional” bank. In this article, you will discover some of the reasons why more and more French people are turning to online banking, to find out if they are right for you.
Internet allows you to save time for many steps. Online banking is a good illustration of this. If you need advice, you won’t have to move around or endure the queues; if you have to wait, you can do it from the comfort of your home, going about your business.
Most online banks offer support through a chat. You can also get answers to your questions by email or phone.
These have their own application, which can be downloaded directly to your phone, for ease of use. Floa Bank is, for example, a bank with an app dedicated.
This allows you to save time when you subscribe: you simply have to fill out a file, attaching the supporting documents to verify your identity, then validate it with an electronic signature.
The ease and security of management.
Thanks to online banks, you can manage your accounts remotely, from any medium that allows you to connect to your personal space. Of course, more and more traditional banks offer an online interface. However, the advantages to which they give access do not yet allow them to be at the level of banks only online.
Savings on bank charges.
For online banks, it is not uncommon for Bank charges are non-existent. If they exist, they are generally much lower than those found in traditional banks. This reduction is made possible because they have no physical agency (s), less administrative constraints and there is no increase for the current operations which are made via the Internet.
As online banking expenses are significantly reduced, this translates into lower user fees. In addition, it is not uncommon that even your bank card is offered to you. The average fee reduction you will receive by going through an online bank is 50%.
Better profitability on certain savings products.
Many online banks offer various savings products, such as life insurance, passbooks or stock market orders.
Their booklets have the advantage of being available without management fees, nor opening and closing. In addition, their rates of remuneration are sometimes much higher than those offered by traditional banks. As a “welcome gift”, you will often benefit from a bonus rate or premium.
Regarding stock market orders, they can be placed easily and quickly, while being less expensive. In addition, some opening offers are more interesting.
Life insurance policies purchased from online banks have no installment fees. Sometimes entrance fees are also non-existent. Finally, some have very attractive rates of pay.
You will understand, online banks bring many advantages, which are not all mentioned in this article. However, contact in a branch can sometimes be difficult to replace, some people cannot imagine being able to do without their banker. It’s up to you to see what you prefer, but know that nothing prevents you from combining both!