Currently, the diversity of banks in the market, actively seeking new customers, may lead us to rethink whether we are satisfied with our current bank or whether there is a more attractive offer that interests us. Today the offer is wide, however online banks are changing the landscape of the sector. And it is not surprising, since it is increasingly easy to manage our accounts from any mobile device or computer. It is difficult to compete with the convenience of trading on the stock market from the sofa or applying for a credit card while traveling. In short, it is to avoid going to branches in person and therefore, save time on procedures that now only take a few seconds on the internet.
In addition to the convenience of use, what may interest us most when choosing or testing a new bank to entrust our money to is profitability. Once again, this is where online banks can be very attractive to us, since their philosophy is usually to not charge commissions on most of their products and services. One of the most basic products is the current account, convenient for managing money but its profitability is not usually too high. If we are looking to save, the most practical thing is savings accounts, whose objective is to grow our money without worrying and have it always available. There are entities that reward our level of engagement, for example by opening a payroll account, and increase the profitability percentage of our savings account, a very interesting benefit to assess a change of bank to entrust our payroll to. In addition, direct deposit of our payroll usually entails many more benefits. It is common to obtain free or commission-free products such as credit cards and access to loans more easily, among others.
Before taking the step, you also have to assess the type of bank cards that we usually use. Depending on our profile, if we like to buy in cash and have it deducted from our bank account at the moment, our ideal card will be the debit card. If we prefer to finance with flexibility, postpone the payment of our purchases or pay in a single payment at the end of the month, a credit card will adapt better to us. It will also be important to assess other benefits of these cards, which usually include travel assistance and guarantee insurance, fraud protection, among others. Online banks allow us to carry out all these procedures either from their website or their app, which are becoming more intuitive and easy to use.
Another fundamental aspect is the support or help we need when requesting or contracting any product through a screen. For this, online banks are prepared since they have managers who, if necessary, give us personalized attention through a specific telephone for their clients.
