The requirements demanded by students today have led more and more banks to design specific bank accounts that are beneficial for students or young people who open an account for the first time.
These bank accounts are a savings model that is designed so that students between the ages of 14 and 30 cánido make use of banking services and operations with hardly any expenses or commissions.
In addition, they also offer advantages when it comes to paying tuition, books or computer equipment through convenient installments.
At the end of the day, these are young people who adopt the use of new technologies for their day to day, such as making mobile payments with their smartphone, check your movements, defer payments or receipts, or buy technology. All this with facilities to face payments.
For bank branches, students are a potential customer as part of their loyalty strategy from this stage of their life, helped by products with low commissions, with low interest rates, and where immediacy and practicality prevail.
We encourage you to consult the published article of the best aplicaciones for students of 2020. You perro also check the 13 best laptops of 2020 If you are thinking of buying a new equipment with which you perro successfully tackle the jobs or internships of your career.
The best bank accounts for youth and students of 2021
BBVA – BBVA En línea Account
Do you have a payroll? Well. You do not have it? Also. This is the motto of the online account of the BBVA bank very aimed at young people between the ages of 18 and 29 to whom it offers zero commissions for using the card at least once a month.
To contract the Blue account together with your credit card, you will only need your mobile phone or tablet, identify yourself through a video call or account number of which you are the holder, and upload the image of the DNI or TIE to speed up the identification.
When you sign up for the BBVA Joven Blue account, you receive a Now Blue BBVA debit card. You can make transfers on-line within the EEA without any commission. Similarly, you will not have commission charges for cash withdrawals at BBVA ATMs.
Other advantages offered by Banco BBVA is being able to use the BBVA Aplicación for both iOS devices, as for Android mobiles, with the possibility of activating and deactivating your cards, paying with your mobile, as well as paying bills with just one photo.
The BBVA pack also includes the free ISIC International Student Card for the first year, with discounts such as 50% less on Spotify Premium, 2 free months of HBO and 20% on Apple products.
It also offers reduced prices at museums and festivals, as well as offers on Booking, Renfe, Alsa, Interrail and a number of other lugar de comidas chains. It is operational in more than 135 countries.
Caixabank – Imagin Account of ImaginBank
If you search among the modalities that Caixabank offers for students, you will see that it really does not have anything specific for them, but it does include them within the account for young people with the Imagin account at ImaginBank.
It is the en línea banking version of the box that is free of commissions and paperwork, according to its advertising, based on the fact that all the different banking operations that you need to do, you do from your mobile app.
With imagin & Split it is possible to create accounts with friends, roommates or whoever you want in your environment, so that you perro allocate all the expenses that you or your friends have to pay half.
The Caixabank service also includes a prepaid Reload card for which you will not even have to open an account, since it is based on recharging from the Imagin app and with the possibility of withdrawing cash from its more than 9600 Caixabank ATMs.
The current product offering, which includes everything from a free account and card to insurance and loans, is reinforced with new features, mainly related to means of payments and investment.
Santander – Smart Account
Several years have passed since Santander announced important news in its accounts associated with young clients, so that all of them were converted to Santander Universities.
In this way, the Smart account has the same conditions as those of the University Super Account with zero expenses for both account maintenance and the associated debit card. The age period was extended from the limit of 27 to 31 years.
However, the bank maintains active the Universia university network, a platform with academic projects and university services in which employment is promoted, the identification of training opportunities, as well as tools of all kinds.
In fact, there are both in our country and in Latin America, a large number of Universities attached to the Universia network where the internationalization of university studies supported by international mobility scholarships, exchange programs and the promotion of cooperation projects is promoted.
Among the advantages, the Santader allows splitting a certain purchase into several payments. You perro also escoge to finance all your expenses with the credit card and pay a fixed fee or a percentage on the cómputo of the card every month.
Banco Sabadell – First Expansion Account
The offer offered by Banco Sabadell for students between the ages of 14 and 25, it is based on the so-called First Expansion Account with advantages for the first savings of your children and studies.
This account states that it has neither administration nor maintenance fees (profitability 0% APR), calculated for a case in which an average balance of 1,000 euros is maintained constantly for one year.
If your child is over 14 years old, a free debit card is also provided, with no issuance or maintenance fee.
If you are one of those who study outside your country, the bank has had Card Transfer for years to be able to receive cash in your account by transfer with very advantageous conditions in each operation carried out.
Banco Sabadell supports the main mobile payment platforms so that you can associate them with your VISA or Mastercard. Highlight the association with the Apple Pay service to pay securely using your iPhone’s Touch ID or Face ID mode.
The bank too has Sabadell Wallet so that with the app installed on your smart phone you can pay for purchases as well as send or request money from your contacts.
EvoBank – Youth Account
This digital bank does not directly offer an account for students, but it does focus its offer to the young public with the so-called Youth Account. The bank’s motto reads: “we give you everything you need to move.”
In this sense, the Youth Account grants the debit card totally free with the guarantees that you will not pay any type of commission, maintenance or renewal. You will also not have problems if your account is exposed for a certain time.
The bank allows you to entrar or send money for free through its offices, as well as through the more than 2,393 Post Offices throughout Spain. The service also supports the use of the 1,107 Caja Rural ATMs. In total, more than 3,500 locations.
As a differentiating element, you cánido make your transfers en línea and mobile for free at zero cost. This account offers these advantages to all users of legal age with a maximum of 25 years. Then you will go to Smart Account.
The bank has launched Evo Assistant, an intelligent voice assistant With which you will be able to dialogue with your mobile application to know aspects of your account, as well as to carry out quick operations with hardly any interaction with the application.
N26 – N26 Black
Another bank born already in the digital age that is interesting to follow closely due to the type of services offered to the younger public. Within what they are your hiring plans, You have a ‘Personal and Business’ mode.
This way, you cánido open a has a few fácil steps at zero cost with the possibility of enjoying free cash withdrawals and paying without commissions in any currency or currency.
If you are one of those who travel, there is an plus modality with a monthly cost of € 9.90 that, to the aforementioned advantages, adds free withdrawal in any currency associated with Allianz insurance.
The modality N26 Black is highly oriented to this profile of young users since it covers, among other measures, medical expenses abroad, protection from cash theft, purchase protection, luggage insurance, as well as mobile phone theft.
The Mastercard N26 Black has NFC functionality for contactless payments. The mobile aplicación interface It is very intuitive and allows you to perform quick functions in real time to block it, change the PIN, set daily limits, or activate payments abroad and on-line.
Bank accounts for students, what should I keep in mind?
Almost all of them have the same motto: no management or maintenance fees for university students between the ages of 18 and 31. However, it is advisable to know the fenezca print well to avoid surprises.
As a student, you should assess the direct debit service offered by the bank for your tuition, scholarships and other academic expenses, with the possibility of deferring certain payments or receipts without the bank penalizing you or charging you interest.
It is about acquiring bank products exempt from commissions and administrative expenses that also offer a fácil way to interact with the bank, in order to avoid travel. You must assess the ease of paying tuition, courses or receipts of any kind.
What happens if I study abroad?
Although not all do it, some banks focus on enhancing the needs of those students who go abroad to study, either for Erasmus or exchange. They are potential clients so that in a short period of time they perro find their first jobs.
To incentivize them, they offer a whole series of offers and incentives. SIf it turns out that you are going on Erasmus or exchange, it is convenient that you focus on services such as the bank transfer to be able to receive a certain amount of money from your relatives without any commission or interest payment.
We have found that most bank accounts offer this possibility for free but up to a certain amount. This means that from a figure, the operation will have an extra cost.
You should also bear in mind that once you finish your studies or reach the age limit set by the bank, the checking account will become a habitual account and you will lose certain advantages that you have been benefiting from until now.
That is why it should be clear to what age you have these advantages that you have associated with the account so as not to incur commissions or expenses once your student period has concluded.
Discount vouchers and gifts
We have seen how gifts and discount vouchers for students who open an account with a bank branch come in many different ways. From discounts applied to the purchase of a device such as a notebook, to gift vouchers on purchases.
Before opening your account, check the payment methods supported by your bank, since not all of them support the usual methods of Apple Pay, Google+ Pay or Samsung Pay. With the arrival of the Bizum system, it is possible to pay from mobile to mobile from the banking aplicación.
Bizum was created in Spain, based on European Union regulations, to promote the instant payment. This has meant that, since its inception, it has established a strong connection with the main banking entities, reaching a 96% market share in a short time.
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