Comparative online banking : Boursorama, B for Bank, Hello Bank! ING… which best bank to choose ?

Unlike the mobile banks that focus for the moment almost exclusively on current accounts, the offers of the online banks is significantly more rich because they offer for most savings products, including insurance-life, or a variety of booklets paid.


In this sense they are more capable of replacing a bank’s “physical, “traditional”, also known as a bank network in the jargon. Between the very modern but limited néobanques and the aging banks, online banking is a proper ideal environment to enjoy a wide range of banking services, but at lower prices.


The bank lines are, thus, in a process similar to those of mobile offers “low-cost” of the historical operators. This is even more true that they are often emanations of the largest banking groups… and this isn’t a bad thing. When we place the majority of its revenues in a bank, we prefer it to be solid.


Image : Thomas Kohler on Flickr ; CC BY 2.0

It is now twenty years that online banks have landed in France, and the offer is for the least bloated. Today, there are over a hundred different banks, with different guidelines. For the creation of our comparison, we focused on the most well-known and the most versatile, that is why we have for the moment chosen to exclude from our selection of highly specific solutions such as Nickel (ex-Account Nickel).


Leader of the online bank, Boursorama Banque counted at the end of 2018 1.7 million customers, according to Société Générale, its parent company since 2015. In spite of its success, Boursorama bank is no longer profitable since the buyout by the SG who has decided to embark on a race the size. It promotes the recruitment of customers by offering promotional offers and interesting low prices.


Launched in 2009 by Credit Agricole, B for Bank is relatively young. It is this which explains his number of customers is relatively low : 215 000, at the end of 2018. A little more upscale than the other banks in our comparison (symbolized by the presence of a Visa Infinite card in his catalogue), it is distinguished by its high level of customization that can be found in its slogans : “the bank, according to me”, or “my banker is me


A pioneer of online banking in France, ING Direct was launched in 2000 in us. A subsidiary of the Dutch group ING, it loses its “Live” in 2019, to harmonise the denominations between the various entities of the group. Like its competitors, the offer of placement is wide and the axe brand communication on customer relationship.


The youngest of our selection, Hello Bank! arrived on the market in 2013, launched by the BNP Paribas group with a slogan “mobile as you”. It is no therefore no surprise that Hello Bank! highlights its smartphone application, and aims a target more young and trendy. Hello Bank! has the merit of relying on the branch network of BNP Paribas, which facilitates certain operations, such as the deposit of a cheque.


Boursorama Bank




  • Opening account without any income requirement with the offer “Welcome”


Credit Card



  • Visa “Classic” free if 1000 euros of net income (or 2500th of stock)

  • Visa “First” free of charge if 1800e net income (or 5000e outstanding)

  • Visa “Classic” offers, “Welcome” (no income requirement) : free of charge if a transaction per month, if not 5th/month

  • The cards can be debit or deferred, except in the Welcome offer, debit only.


Ceilings



  • “Classic” : remove 310th on 7 days slippery ; payments : 1500th 30-days rolling

  • “First” : Removing 920e about 7 days to be slippery ; payments : 3000th on 30 days rolling

  • “Welcome” : Withdrawal of 200th on 7 days slippery ; payments : 600e on 30 days rolling


Rates of major operations



  • Account maintenance : free of charge

  • SEPA credit transfer : free

  • Order checkbook : 5th

  • Card order before deadline : 10th

  • Payment in foreign currency : for 1.94% of the amount ; and withdrawal in foreign currency : for 1.94% of the amount

  • Discovered : Amount authorized to negotiate : interests debtor (agios) 7% / year

  • Unauthorised overdraft : 16% / year.

  • Incident : bank Rejection collection : 20th max ; Rejection of cheque : 30th


Credit, savings and investments


Boursorama Bank offers real estate loans and consumer loans (from 3 months old) and several savings accounts of which Livret A, PEL, LDD and investments, such as life insurance. The opening of an account passbook requires a current account and an initial deposit of 10th. Rates : 0.10% of annual gross.




  • Income minimum to open an account : € 1200 net/month


Credit Card



  • Visa “Classic” : free if 3 payments per quarter otherwise 6th/quarter

  • Visa “First” : starting from 1600 euros net income/month, free if three payments per quarter or 9 euros/quarter.

  • Visa “Infinite” : from 4000th of net revenues monthly. 200th/year.


Ceilings


NB : In B for Bank, the ceilings are completely customizable, so the amounts below are therefore those by default.


Visa Classic (debit only)



Visa First (immediate debit or deferred)



Visa Infinite card (deferred debit only)


Payments : 3000e / month, of which 2000 to the international ; withdrawals : 1000e / 7 consecutive days


Rates of major operations



  • Account maintenance : free of charge

  • SEPA credit transfers : free of charge

  • Order checkbook : free of charge with a simple letter.

  • Card order before deadline : 10th for Visa Classic, 15th for Visa First

  • Payment in foreign currency : 1.95% of the amount ; and Withdrawal in foreign currency : 1.95% of the amount

  • Discovered : amount authorized to negotiate : interests debtor (agios) 7% / year

  • Unauthorised overdraft : 16% / year

  • Incident : bank Rejection collection : 20th max ; Rejection of cheque : 30th if cheque < 50th, 50th if check > 50th. Fee information prior : € 15.


Credit, savings and investments


B For Bank offers real estate loans and consumer loans and several savings accounts of which Livret A and LDD, as well as investments, such as life insurance and securities account. Absence noticed in contrast to the PEL. The account passbook shall be paid to the height of 0.20% on a gross basis.



Credit Card



  • Unique offer : Mastercard Gold Free of charge without any condition of income


Ceilings



  • Vary according to income

  • 500 euros income tax : 2000 € payment on 30 days, 500 euros withdrawal on 7 days, debit only

  • 2000 euros of income : 4000e / 800 euros, immediate debit or deferred


Rates of major operations



  • Account maintenance : free of charge if 1200 euros paid per month on the account or 5000e savings. 5 euros/month in case of non-compliance.

  • SEPA credit transfers : free of charge

  • Order checkbook : free of charge (by ordinary letter)

  • Card order before deadline : the 15th, 70th in emergency

  • Payment in foreign currency : 2% of the amount ; and Withdrawal in foreign currency : 2% of the amount

  • Discovered : Amount authorized to negotiate : interests debtor (agios) 8% / year

  • Unauthorised overdraft : 17% / year.

  • Incident : bank Rejection collection : 20th max ; rejection of cheque : 30th if cheque less than 50 euros, 50 euros thereafter. Includes the letter of notification.


Credit, savings and investments


In addition to the traditional Livret A, LDD real estate loan and personal, securities account, or life insurance, ING offers a variety of mutual fund in which to invest. This makes a solution easy to access for introduction to financial investments. Also note the presence of an account passbook ING, the “Passbook Savings Orange” paid 0.05% per year.




  • Income minimum to open an account : € 1000 net/month


Credit card


The offer of credit cards of Hello Bank! being particularly rich, we reproduce below the table of the brand for the sake of readability. All the cards can be debit or deferred income, except for visa Electron.



Rates of major operations



  • Account maintenance : free of charge

  • SEPA credit transfers : free of charge

  • Order of cheque book : free online 5 euros via advisor

  • Rehabilitation of the map before deadline : 15th

  • Command of a second card : 19 (Electron), 22,25 (Classic), 67 (First), 170th (Infinite)

  • Payment in foreign currency : 2% of the amount ; and withdrawal in foreign currency : 2% of the amount except in network BNP Paribas and partners

  • Discovered : 250 euros for 15 days by default, negotiable.

  • Interests debtor (agios) : 8% / year, flat rate minimum : 7th / quarter ; except with the specific agreement

  • Unauthorised overdraft : at 18.4 % / year by default ; surcharge of 2.5% on the interest negotiated. Email notification of an unauthorised overdraft : 20th

  • Incident : bank Fees information letter prior to cheque without provision : 14th. Fees per cheque rejected for insufficient funds : if a cheque ≤ 50th = 30 ; if check > 50th = 50th

  • On withdrawal : if amount < 20th, free ; if amount ≥ 20th = 50th. Free newsletter


Credit, savings and investments


Like its competitors, the Hello Bank! offers a wide investment choice and credit, including one specifically intended for the purchase of a vehicle. The subsidiary of the BNP has also the merit of having an account on savings book called “Hello +”, of which the gross remuneration is evolving by level according to the stock : 0.2% for the tranche of 0 to 9 999 € and then 0.4% of 10 000e to 49 999e, 0.6% of the 50, 000th 99 999e and finally 1% for the tranche of more than 100, 000th.































































OperationBoursorama BankB for BankINGHello Bank !
Income net mini1000e1200eWithout condition1000e
Credit CardVisa ClassicVisa ClassicMaster Card GoldVisa Classic
AccountFreeFreeFree if 1200e paid / monthFree
Interest allowed7%7%8%8% (7th mini)
Payment in foreign currencies1,94%1,95%2%2%
Premium opening (the 16/04/19)80th80th160th80th
A notable featureUnconditional offer of income availableVisa Infinite card if 4000th of incomeOffers of financial products wideVisa Electron and Infinite available

The four bank lines all offer prices and similar offers. In spite of a wide choice of bank cards, the fees charged by Hello Bank! in the event of an incident with the bank and overdraft are higher than for its competitors. We do not recommend for this reason.


If you have large income, B for Bank is a good choice for its customization and its Visa Infinite card is less expensive, 200 euros per year compared to 240 in Hello Bank!. If you opt for a Visa Classic or First, however, we need to make use of his bank card from time to time to benefit free of charge. Boursorama Bank is especially interesting for its low cost, and its Welcome offer without the income requirement.


But it is in the final ING, which draws its pin from the play according to us through his Mastercard Gold free of charge without any condition of income, and its wide range of financial products, which will easily having fun in the stock market. Attention, however, it is necessary to pay 1200 euros every month on the account for that the conference is free of charge. ING does not remain about it less the online bank the most versatile in our opinion.


Check out the offerings of Hello Bank check out the offers from ING Bank online

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