With the hassle of gathering intricate paperwork and sitting through gruelling hours-long processes, opening a bank account can be as an exhausting experience as one could imagine. Classic banks still have their power in banking services, but online banks are gaining increasing popularity – offering customers more comfort while bypassing much of the bureaucracy seen in traditional financial establishments.
Opening accounts with online banks service requires far less information provided to authorities than classic banks would usually demand, and provide shorter waiting times for customers that want to access funds quickly without long administrative holdups.
With a crowded market of players, it may be hard to know where your current needs and wants are best met. To ease the process, we’ve identified key factors for consideration, so you can make an informed decision on which product is right for you.
1. Seek out the optimal rates and minimal fees.
It should be your priority when choosing a financial institution.
Online banks tend to pay higher interest than their brick-and-mortar counterparts, especially on accounts that you use regularly – so don’t miss out! When it comes to currency conversions and other charges, expect significantly lower costs with an online bank compared to traditional banking options.
2. Never underestimate the value of good customer service
In case of questions, it is better to be able to instantly contact the support operator, avoiding communication with the chat bot.
3. Search for a bank account that offers an easy-to-use mobile app
Familiarize yourself with the features included in the application, and assess its user experience as well as design. Is it simple to navigate? Will you be comfortable using it frequently?
4. Ensure that you have the capacity to access your funds via an ATM withdrawal.
Withdrawing money from an ATM is a convenient way to access cash quickly and easily. Evaluate how easy it is to withdraw money and the flexibility it provides for accessing your funds.
Today we’re gonna consider one of the online bank solutions which meets all needs mentioned above. Blackcatcard is ready to offer all these advantages and even more!
- Blackcatcard offers the incredible opportunity to open an IBAN account for free, as well as a physical card with no service fees. When you have access to the debit account, in one click you can sign up for both virtual and plastic card service without paying anything! It’s never been easier or more affordable to take control of your finances and manage them safely and securely.
- With the all-inclusive app, customers can securely purchase and sell crypto in a matter of minutes as well as access their custodial cryptocurrency wallet provided by Blackcatcard partner, DigiNORD OÜ.
- On top of the 2.2% per annum reward offered by Blackcatcard for the debit account, users will also receive 5% cashback when they make purchases through Google Play for entertainment and up to 50 euros worth of 2% cashback on Amazon goods.As noted on the website of the online banking service, the bonus payout is part of the loyalty program provided by FINTECH ASSETS OÜ.
- Not only are all incoming payments from external accounts completely free of charge, but you can also make 5 outgoing SEPA payments with no upper limit without paying any fees. Starting at the 6th payment, however, each transaction will be charged a mere 0.20 euros!
- With Blackcatcard, you’ll never be left in the dark if a problem arises – they provide live chat support through both their own app and social media platforms.
- In addition to offering advantageous opportunities, it is noteworthy that Blackcatcard is issued by trustworthy and secure Papaya Ltd. This company has been licensed by the Malta Financial Services Authority as an Electronic Money Institution (EMI). By this means, customers can be assured knowing that Blackcatcard meets all EU regulations and their finances are kept safe in line with online banking safety measures.
With only a few simple steps, you can explore the countless opportunities that Blackcatcard app offers. Download it now and discover how easy and fast you will be able to access all of its features!