How to open an online bank account for free? Lydia, individual bank account with Hello One and Hello Prime | Hello Bank!

Bank account up to € 180 in advantages offered! 80 € offered for any 1 st opening of account 100 € offered in vouchers for any banking mobility with Hello Start and also, Hello Prime offers at 1 €/month for 6 months

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Since their arrival on the banking services market, online banks have benefited from undeniable success with individuals. Why such an interest ? First, online banks mostly from large banking groups offer banking services similar to a traditional bank, but at much lower or even free prices for certain services.

How to open an online bank account for free ?

Opening an online bank account, free or not, it’s now easy. And in the vast majority of cases, it is enough more or less to follow the same procedure and present the adequate documents.

What are the steps to follow to open an online bank account ? What are the conditions ? What are the advantages of opening such a account ? Response elements.

  • The steps to follow to open a free online bank account
  • What are the conditions to open an online bank account ?
  • Why an online bank can refuse to open an account ?
  • What is the minimum amount to open a bank account ?
  • What are the advantages of an online bank account ?
  • What are the disadvantages of an online bank account ?
  • Which online bank to choose when you have no income ?
  • Benefit from a free current account without income conditions with Lydia

How to open an online bank account for free?

The steps to follow to open a free online bank account

To open a free online bank account, it is enough in the vast majority of cases to follow these simple steps.

Compare banks online

The first step is to make a selection of online banks that offer free bank accounts. The good news is that there are many online banks that offer free services, such as Boursorama Banque, Hello Bank!, Fortuneo… Consult the websites of these banks to find out more about their offers and conditions, compare the services offered and make your choice according to your needs.

Check the eligibility conditions

Once you have found the online bank that interests you, check the eligibility conditions. Certain online banks may impose income conditions or conditions of use (a first initial payment of a very precise amount, the obligation to use the card a certain number of times a month, etc.) to open a bank account free. So check the conditions carefully before registering.

Complete the online request form

Once you have verified that you are eligible, you can fill out the online request form. You will need to provide personal information such as your name, address, phone number … you will also have to justify your identity. To find out what supporting documents you need, you can refer to this article.

Validate your request

Once you have completed the request form, all you have to do is sign it electronically to validate it. The online bank will then examine your request and tell you, by e-mail, within a few days, whether your request has been accepted or not.

What are the conditions to open an online bank account ?

As with the registration procedure, the conditions for opening an online bank account are generally the same from one bank to another, whether online or classic.

Justify your identity and home

To open an online bank account, it will be necessary to justify your identity. To do this, you must provide a valid identity document, such as an identity card or a passport. It is also generally requested to provide proof of domicile, such as an electricity or gas bill dating under three months, or a tax notice. This step is necessary in particular to guarantee the safety of transactions and fight against money laundering.

Have regular income

The majority of online banks require their customers to have a regular income of a certain amount to be able to open a free bank account at home or benefit from free services (such as a high-end bank card, for example). This requirement allows online banks to ensure that their customers are solvent and that they can reimburse any credits granted.

Make a first payment

Some online banks require a first payment to be able to open a bank account (free or not). If the amount may vary from one establishment to another, it especially implies that it is necessary to provide a RIB – and therefore already have a bank account – to be able to do this initial payment and therefore open an online bank account.

Why an online bank can refuse to open an account ?

Opening an online bank account is pretty simple. The registration procedure, in any case. Nevertheless, if this procedure is less restrictive than in a traditional bank (where you have to make an appointment, move and fill out documents), nothing prevents online bank from refusing the request. Without having to justify oneself. Like any traditional bank.

Identity verification that fails

One of the most common reasons for which an online bank can refuse to open an account is the identity verification problem. Online banks are required to comply with very strict safety standards to protect their customers from fraud and money laundering.

Therefore, if an online bank is unable to verify the identity of a potential customer, or if it has a doubt about the authenticity of documents, it will refuse to open an account. The reasons why the identity cannot be verified can be multiple, ranging from an entry error in the personal information provided by the Customer to an impossibility of verifying the address of residence.

A banking prohibition

Another reason why an online bank can refuse to open a account is the banking history of the potential customer. Online banks need to know if a customer is able to repay a debt before granting him a credit or providing him with an authorized overdraft.

Thus, online banks systematically check the files of the Banque de France to ensure that their future customers are not prohibited bank. And if this is the case, they can refuse the opening of the account. Fortunately, thanks to the law procedure to the account – the designation by the Banque de France of a banking establishment which must, under the conditions provided for by law, open a deposit account – it is still possible to open an account bank. But in this case, it is unlikely that an online bank is designated.

Suspicious activities

Finally, an online bank can refuse to open an account if it suspects that the potential customer is involved in illegal or fraudulent activities. Indeed, online banks are required to verify and report any suspicious activity to the competent authorities.

Thus, if a potential customer is involved in illegal activities, online banking may refuse to open an account to avoid any involvement in these activities. And the bank does not have to provide an explanation.

What is the minimum amount to open a bank account ?

As mentioned above, a minimum amount may be required to open a bank account. This minimum amount required depends on the bank you have chosen. Large French banks such as BNP Paribas, Société Générale, Crédit Agricole, LCL and La Banque Postale all have different requirements in terms of minimum deposit. In general, it is 50 euros. However, some banks may require a higher minimum amount, 300 euros or more.

It is important to note that the minimum amount required to open a bank account may vary depending on the type of account you open. For example, if you open a professional bank account, the minimum amount required may be higher than for a personal bank account.

As a general rule, online banks require a minimum amount for the opening of an account less often than conventional banks.

What are the advantages of an online bank account ?

Lower banking costs

The major advantage of an online bank account is above all its attractiveness concerning prices. Online banks have a different operation from traditional banks: they have fewer charges in terms of premises, staff and equipment and this absence of fixed costs logically affects banking costs which are much lower than those of conventional banks. Online banks also offer very interesting promotional offers to attract new customers such as welcome bonuses when opening an account.

More accessible and more practical services

The other advantage of online bank accounts is their accessibility. You can access your online bank services at any time, anywhere, from a computer, tablet or mobile phone. Online banks also offer the possibility of managing your account via a mobile application without having to physically go to the bank and the distributor or make an appointment with an advisor. It is therefore possible to consult your sales, make transfers or payments in a few clicks.

What are the disadvantages of an online bank account ?

Although online bank accounts offer many advantages, there are also disadvantages to be taken into account when deciding to open an account.

A more limited service offer

Unlike traditional banks, online banks do not have a network of physical agencies, so it is not possible to be dealing, in person, to a bank advisor if necessary. In the same way, it is often impossible to be able to deposit cash at the dispenser and even less at a counter.

Station to bugs and breakdowns

The other drawback of online banks is that if you encounter problems with your computer or phone, you may not be able to access your online bank account. This can be particularly problematic if you need to make an urgent transaction or if you have to check your balance in real time. In the same way, online banks can sometimes experience technical failures in terms of their site or their app, which can lead to delays in processing transactions or the impossibility of accessing your account. Fortunately, these breakdowns are rare.

Which online bank to choose when you have no income ?

When you are without income (or with modest income) and you are looking for a free online bank and without income conditions, it can be difficult to find a solution adapted to your needs.

Under these conditions, one should not actually expect to be able to benefit from many services and payment capacity (as well as the means of payment made available) are often limited. But solutions exist to be able to take advantage of the essential services of a current account, namely to receive your money back and be able to use money from your account. Here are some examples:

  • Boursorama Banque: The Welcome Boursorama offer is accessible without income conditions but only offers a Visa Classic card and low ceilings. For example, payments are limited to € 600 per month. On the other hand, an overdraft of € 100 per month is authorized.
  • Hello Bank! : the bnp group’s subsidiary offers a current account offer without any access conditions but which has some costs to pay on certain operations. Instant transfer as well as all withdrawals made outside the distributors of the BNP Paribas network cost € 1.
  • Fortuneo: The online bank of the Crédit Mutuel Arkéa group offers a free formula and without income conditions: the Fosfo offer. To avoid costs, it will however be necessary to make at least one payment in card per month.

Other solutions

  • N26: N26 is a German neo-banque which offers a standard N26 offer, free and without income conditions. On the other hand, with this offer, there is no bank card provided with basic and it will be necessary to pay € 10 to receive one. In addition, the account Iban is not a French Iban which can be problematic to receive its salary or manage its samples.

Benefit from a free current account without income conditions with Lydia

For people who have no income (or modest income) and who are looking for a free current account and without income conditions, the standard Lydia account may be the solution.

The free Lydia offer thus offers the essential services of a current account:

    A free visa card to pay everywhere, online as in store, and withdraw free of charge worldwide;

And it’s free, without income conditions, without conditions of use. For everyone.

You benefit in addition to the innovative services that make Lydia DNA:

    Free and instant reimbursements, simply with the recipient’s telephone number;

To take advantage of it, just download the app for free and create your account in an instant.

In addition, the Lydia offer is scalable according to your needs and you can, if you wish, benefit from more services by subscribing to one of the 3 available formulas:

    Lydia+: the offer which adds to the current account of advanced functionalities (savings, credit, investment, cashback, budget management tools, etc.);

In the meantime, Lydia Standard is a real free current account and without income conditions which allows you to manage your daily expenses very simply.

Bank account
Until 180 € of advantages offered !
80 € offered For any 1 st opening of account
+ 100 € offered In vouchers for any banking mobility with Hello Start+

Open your online bank account to give life to your projects

In Opening your individual online account At Hello Bank!, You benefit from all the advantages and services of a online bank backed by the solidity of the traditional BNP Paribas bank.

Project financing: A car ? An apartment in sight ? A trip to the end of the world ? We finance your projects (consumer credit, mortgage).

Management of your savings: A computer, your next vacation ? Manage your savings on a daily basis (booklet A, hello+booklet).

Financial investment : For your longer -term projects, benefit from suitable solutions (life insurance, scholarship).

Insurance services: Protect what matters to you: your family against small and big hassle of life, and also your car, your apartment or house, your smartphone, your bank cards and your identity papers.

AGREAGE OF ACCOUNTS: Visualize all of your accounts in the blink of an eye as they are at Hello Bank! or in another banking establishment to control your bank accounts with your fingertips, without wasting time and managing your budget as a pro (hello bank app! ))

Globe-Trotter: Because paying does not always rhyme with pleasure, with the offering offer of hello prime account you benefit from payments at no cost worldwide (hello prime).

Welcome offer Welcome offer

Check your account in real time, thanks to the Hello Bank app!

  • Your balance and card operations are visible in real time (1)
  • Stay informed thanks to the notifications: “Your salary has arrived !””
  • Follow the evolution of your expenses by category and aggregate your external accounts.

(1) For immediate debit cards only and subject to knowledge by Hello Bank! of certain operations involved in the debit or credit of your account or for which authorization requests have been made by the beneficiary of a payment. Certain transactions, when the merchant’s payment terminal is not connected to its bank, such as payments to parking lots or tolls, are not taken into account in the instantable balance.

Hello One

1 offer accessible to any capable, French resident, acting for non -professional purposes and having subscribed to the Individual Deposit Account agreement Hello Bank!
2 The hello one offer remains free provided you make at least one payment or withdrawal with your Hello One card in the calendar month, otherwise 3 euros per month.
3 Supply of a debit card (payment card with systematic authorization)
4 Supply of a debit card (international payment card with immediate debit) or supply of a debit card (international payment card with delayed debit)
5 For the blocking is effective, the merchant must be connected to his bank. Some traders (parking lots, tolls) not being connected, a payment could however be made.
6 For immediate debit cards only and subject to knowledge by Hello Bank! of certain operations involved in the debit or credit of your account or for which authorization requests have been made by the beneficiary of a payment. Certain transactions, when the merchant’s payment terminal is not connected to its bank, such as payments to parking lots or tolls, are not taken into account in the instantable balance.
7 Transfer (case of an occasional separate transfer): the establishment which holds the Vire account, on the customer’s instruction, a sum of money from the customer’s account to another account, occasionally. The instant transfer is a SEPA transfer which makes it possible to carry out a transfer of funds within 10 seconds (20 seconds maximum in the event of exceptional treatment difficulty) to a beneficiary provided that the payment establishment in which this beneficiary holds Its account is eligible and that the amount of the operation does not exceed the ceiling authorized by BNP Paribas for this type of operation. The funds are immediately made available to the beneficiary by its payment establishment.
8 HELLO PRIME card insurance and the assistance of the Hello Prime card are contracts subscribed through SPB, Insurance broker, ORIAS N ° 07 002 642 (www.orias.fr), with Europ Assistance, company governed by the Insurance Code, also acting on behalf and on behalf of its Irish branch, whose trade name is Europ Assistance, its Irish Branch, Irish Law Company. Europ Assistance delegates the management of claims in insurance in SPB.

In short, open an online account at Hello Bank!, It is to benefit from services:

Fast 4 steps are enough for your account opening request.

Simplified you can send your supporting parts by taking their pictures from your smartphone

Free online bank: offers and comparison 2023

Free online bank

Many individuals leave their current bank for a free bank account offer with an online bank. Savings on banking costs, flexibility of access conditions, and autonomous management of its current account are the main advantages in an online bank. But who are the best free online banks in France ? What are their offers, and the services that this type of banking establishment offer ?

�� Comparison of the best free online banks

Online banks market bank account offers with different levels of services and bank charges. Comparabanques has focused its attention on a selection of 5 best online banks free offering an offer of Free bank account + associated bank card, All for 0 €:

WELCOME BANK BOUTHORAMA CARD

WELCOME BANK BOUTHORAMA
0 € per month

✔️ No income condition

✔️ A free card without income conditions
✔️ Visa Classic insurance abroad
✔️ All free abroad payments

Fortuneo Fosfo card

Fortuneo Fosfo
0 € per month

✔️ No income condition

✔️ Free debit card without income conditions
✔️ no additional cost on a trip abroad
✔️ Free ephemeral e-card
✔️ Mastercard Standard insurance cover

HELLO BANK HELLO One card

Hello Bank Hello One
0 € per month

✔️ No income condition

✔️ No income condition
✔️ Telephone customer service
✔️ Fresh removal all over the world in the BNP network
✔️ CHECH CHOCK IN DAB BNP

BforBank Premier
0 € per month

€ 1,200 net per month

✔️ Free gold card
✔️ Premium insurance for travel abroad
✔️ Discovered authorized

Updated data in September 2023

Since their arrival on the banking services market, online banks have benefited from undeniable success with individuals. Why such an interest ? First, online banks mostly from large banking groups offer banking services similar to a traditional bank, but at much lower or even free prices for certain services.

Many individuals disappointed with their current bank are then seduced by the prospect of having a free online bank account coupled with a range of services at accessible prices. Thus, near 6 million French people have opened a bank account in a free online bank or free bank As we nicknamed them for some.

In the Free online banks comparison Above, comparabanques experts have drawn up a classification of Best free online banks : but who is the cheapest online bank ?

Free online bank

  1. Balance Bank is here Best free online bank of the rank. Subsidiary of the Société Générale network bank, Boursorama Banque is the most popular online bank in France. Her free bank account Associated with an international bank card breaks down into two offers of Boursorama blue card without income conditions: Welcome the entry -level offer, and the Ultim mid -range card. The icing on the cake, opening a free online account gives the right to Boursorama to a welcome bonus of ✔️ 100 € offered;
  2. Fortuneo take it 2nd place in the ranking of the best free online bank. Online bank is a subsidiary of Crédit Mutuel. Her free bank account + Mastercard bank card breaks down into 3 offers, one of which “fosfo” is accessible without income conditions. Like any online bank, Fortuneo also has various financial and savings products;
  3. Hello Bank, subsidiary of the BNP Paribas banking group, offers a Free bank account offer. The Hello One free card is accessible without any income condition or minimum use and payment, other bank cards are subject to more selective access conditions. A premium of € 80 is offered for any bank account opening. The free online bank Hello Bank also has complete savings and financing products;
  4. Bforbank ranks among the Best free online banks for comparabanques. A subsidiary of Crédit Agricole, BforBank is an online bank quality premium with an offer of free online account + Bank cards accessible under income conditions. BforBank Although selective on subscription, applies reduced or non -existent banking costs, which places it in complete logic in the comparison of the best free online banks.

�� Free online bank: is it really without bank costs ?

When we talk about an online bank as free bank, It is necessary to understand what we define by this term: indeed everything is not free in an online bank, bank charges on certain current operations are still applied. Comparabanques decryption on paid services and Free online banks services.

A online bank has complete services around its bank account offer, which can be feasible via the bank’s customer service or directly on its online customer area. Withdrawals, payments, account holding costs, insurance, discovered, SMS notifications, etc. represent most of the current operations that are found in the management of a bank account. What are the costs applied by each Free online bank of the comparabanques ranking ?

In general, online banks apply free on the following current operations subject to using its customer area via the remote bank:

  • the opening/closing of the account;
  • account holding costs;
  • the banking domiciliation service;
  • the electronic account statement;
  • SMS notifications;
  • the delivery of a RIB;
  • checkbook command;
  • the modification of the bank card ceiling;
  • activation/deactivation of “contactless”;
  • transfers in SEPA zone;
  • Samples in SEPA zone.

On the other hand, certain current operations abroad are invoiced by the majority of online banks – at lower prices compared to a traditional bank.

WELCOME BANK BOUTHORAMA CARD

WELCOME BANK BOUTHORAMA
0 € per month