Online banking: the advantages of opening an account online?

With the advent of the internet, it is increasingly common to open an account in an online bank. Indeed, it is not always easy to go to your bank each time you need a little money. It is therefore much simpler to consider this alternative. But then what are all the advantages of opting for an online bank. We will explain everything to you in this article.

What is an online bank?

This type of bank offersopen an account online. You never have to go through a physical agency. You can therefore manage everything online, whether it be: your online bank account, your transfers, but also all your payments. It is also possible to consult your balance and follow all your banking transactions. It is important to know that most of the online banks found on the internet are subsidiaries of French banks. However, it is also possible to go through independent online banks.

Quick bank account opening

It is particularly fast to open a bank account online. All you have to do is send your supporting documents by email and sign a contract online. The opening time is always relatively short. In addition, the time required to obtain your means of payment generally varies between one week and 15 days.

Welcome offers

It is possible to benefit from welcome offers when opening a new online bank account. They are generally particularly attractive, because the goal is to build loyalty. The only supporting documents that allow you to benefit from it are: a copy of your identity document, proof of address, but also proof of income. You can often take advantage of 80 euros offered without having to pay account maintenance fees.

Promotions on banking products

For example, they offer promotions on life insurance. Indeed, many online banks offer bonuses and advantages during a first subscription within their banking establishment. They sometimes amount to 500 euros offered which can be combined. To benefit from good life insurance with an online bank, all you have to do is take a good look at the different contracts offered.

Secure management of your bank account

All online banking accounts are completely secure. Indeed, the URL address of the site of each banking institution includes an HTTPS as well as the padlock in the navigation bar. In addition, you will be systematically recognized when you make a connection.

A considerable reduction in your bank charges

This is one of the main advantages of online banks. Indeed, unlike a traditional bank, an online bank will offer highly competitive rates. Indeed, it offers the same type of services as a traditional bank, but charges much lower bank charges. This concerns both opening fees, account maintenance fees, but also transfer fees or overdrafts. This is mainly due to the reduction of administrative burdens. In addition, the bank card is generally free. It is possible to renew it every year. This is usually done directly when opening your bank account. The only condition is to have a certain amount of income per year.

An incredible daily time saver

The online banks allow you to save time. Indeed, you no longer need to do according to the schedules of the agency which is located closest to you. It is generally possible to contact them late at night or on weekends over very long time slots. Plus, you have the ability to do all the banking you want from your home, office, and vacation spot. In addition, this type of bank provides advisers who can be reached by telephone, e-mail or webcam at any time of the day.

A high interest rate for current accounts

All online banks offer much higher interest rates than the vast majority of physical banks. This is because they have much lower running costs. In addition, they allow you several times a year to benefit from a promotional interest rate if you make one or more deposits in a savings account with a particularly high interest rate.

24/7 access to your online account

All online banks offer you 24-hour access to your internet account. You can therefore remotely manage your online account from a computer, mobile phone or tablet. You can therefore carry out banking transactions on your account at any time from any location. This is particularly practical if you have particularly irregular working hours. All you have to do is manage the bank independently. You have all the necessary tools at your disposal to order a checkbook, print a bank details or even do research on your past transactions.

Easy and fast money transfers

Online banks are generally linked to a national and international banking network. They will therefore allow customers to transfer their money much more easily and quickly to another bank. Lead times typically range from a few minutes to just 24 hours. It is therefore interesting to opt for the instant transfer.

Opening of all types of accounts

Many online banks offer you to open a classic current account. They also offer you the possibility of subscribing to the best-known investments, in other words: the livret A, the LEP, life insurance, the PEA. You also have the possibility of opening a joint account, of applying for a loan, but also of having one or more bank cards.

Opening an account on the internet is therefore an excellent idea in all respects. You will find the same services as those of a traditional bank. However, you will be able to benefit from different functionalities. You also have the opportunity to take advantage of many additional benefits.