Find a free checking account, or in which the cost of the monthly management fee is completely absent, it is much simpler than in the past, thanks to the existence of online current accounts.
What are? How are they different from traditional current accounts? Because they can be considered as low cost solutions? Online checking accounts lack some of the costs that are typically present in a traditional checking account.
The reason is really very simple: the absence of a reference physical branch and the possibility of being able to manage an account correctly from a PC or smartphone makes it possible to reduce most of the costs.
Locate a free online current account becomes much easier thanks to the fact that you can make an online comparison between the best current accounts available, some of which are offered by 100% digital banks.
The 5 best free current account offers
Through the analysis of offers from free online current accounts available at the moment, it was possible to identify the 5 best proposals on the market.
In particular, these are:
- the Widiba current account;
- ING’s Orange current account;
- the current account N26;
- the My Genius current account of Unicredit;
- the Tinaba current account.
Let’s analyze in detail what are the characteristics of each individual offer and what is the savings that can be achieved: there are, in fact, several other services that can be accessed completely free of charge.
Discover the best free current accounts available online
1. Widiba current account
Widiba is a digital bank that offers an online current account with a free fee for the first 12 months, which can also be opened via SPID.
It is characterized by payments with Google Pay and by the free of charge online transfers. It also allows you to trade online and to request different payment cards, such as prepaid cards or credit cards.
2. Orange current account of ING
The current account with free fee proposed by ING is called Orange current account: the gratuity will be possible with the crediting of the salary and is also related to operations such as withdrawals at ATMs of other banks or online transfers.
The activation of this free current account will allow you to trade online and also access the fuel commission at no cost and the free issue of a checkbook every year.
3. Current account N26
N26 is a digital bank, with which you can activate a current account (which can also be subscribed online with a simple selfie), which involves:
- the free annual fee;
- free stamp duty;
- the free debit card.
Other services will also be available, such as i instant transfers between N26 users, free payments by card in foreign currency, notifications in real time in such a way as to always be updated on the movements of your account, the possibility of pausing your payment cards directly from the dedicated application.
4. My Genius current account by Unicredit
Unicredit proposes an online current account called My Genius. To access the free subscription of this type of current account, the date of the September 30, 2021.
By that date, you will also be entitled to:
- to free online transfers;
- upon the issuance of a debit card, the My One, the cost of which will not be charged and which will not even have a management fee to bear.
5. Example Tinaba
Another really interesting solution to be able to save on the subscription and management of the current account is the proposal of Tinaba, which offers with account with annual fee and free stamp duty.
The advantages that will be available are also represented:
- from free online wire transfers;
- the presence of a free prepaid card that is easy to top up;
- from instant transfers with other users who have chosen to rely on the benefits of Tinaba.
As regards, however, withdrawals from ATMs of other banks, the first 24 will be free, while from the twenty-fifth onwards a commission of 2 euros will be applied to each individual transaction.
In general, what emerges from the analysis of low cost current accounts available online it is the savings insured on the monthly management fee and, in some cases, also on the stamp duty, which will be charged to the credit institution.
If you were looking for an account with more advanced features, you can customize your online search, although it is assumed that in the presence of additional services made available to the account holder, prices will tend to rise.