Administration fees charged by banks vary greatly depending on the type of account you use, available facilities and relationship with management. Because a lot of people are cutting spending and holding credit card purchases, banks try to keep rates going to continue to make a profit. But we have great news!
Brazilian law finally decided to give a little help. Currently, opening a bank account without costs is a citizen’s right, and banking institutions should make this option available. Check out the information and learn how to cut this spending!
After all, is it possible to open a bank account without paying anything?
Yes, this is possible. The first option is the so-called “essential service account” or “digital account”. In addition, in addition to not paying fees, you can also make bank transfers (TED and DOC) and use some services for free. You probably have never heard of it, but banks can not charge fees for accounts that only use electronic means for operation (such as the internet, tablet, and mobile).
And why does not anyone know about this? Simple. Banks do not disclose because they want to profit from other types of accounts. If you are one of those people who does everything by internet banking and hardly goes to the bank branch, this is definitely an option to consider!
Another option is the salary account, used to receive payments. In it, the company you work for makes the deposit and the money is available for withdrawal without you having to pay any fees.
In addition, there are 3 types of bank accounts for young people , which are great options with reduced costs.
How do I open an Essential Services account?
To get away from the costs, just ask to open a digital account at any bank. Here are some examples: in Banco do Brasil, the modality is called “Digital Account”. In Itaú, the name given to this type of account is “iConta”. In Bradesco, the denomination is “DigiConta”.
What are the key features and benefits that you are entitled to?
There are several free services available on essential or digital accounts. See what they are:
• Account opening;
• Unlimited transfers through TED or DOC;
• ATM withdrawals and deposits;
• Payments of accounts for internet banking;
• Balance and statement queries through internet banking;
• Debit card delivered by mail.
What are the limitations of this type of account?
While a good deal of the bank account services are free, there are also some that are charged. Are they:
• Credit card;
• Personal calls, such as operations done directly in the cashier, with the manager or even over the phone.
How to control finances in an uncomplicated way?
Opening a bank account without paying fees is great for taking the first step. But best of all is to go beyond! Today, there are options to make it easier to control day-to-day financial transactions, such as mobile apps . These applications came to replace old Excel spreadsheets that, for most people, were complicated to operate.
With a good app , you have access to all your revenue and expenses in real time, and observe the costs divided into categories. So it’s easy to know if you’re spending too much on fuel, that weekend beer or even superfluous at the grocery store.
Interesting, right? As you have seen, everything is easier when you have access to information and tools for financial control. Now you know that you can open a bank account without paying fees. Of breaking, you already knew an excellent option for the control of the expenses: the financial applications. We hope you have enjoyed this content and put the tips into practice!