A subsidiary of the Crédit Agricole group, BforBank is an online bank that is very successful in France. Long focused on a very premium clientele, it has since opened up to meet the needs of as many people as possible. Its history guarantees all customers a top-of-the-range service at all levels, from the range of banking products to interfaces or customer support.
From January 19 to 24, 2023, the bank is organizing the BforBank Days to convince the curious to take the plunge. She offers to all new customers a welcome bonus of up to 80 euros, very easily accessible. You just have to open an account and activate your bank card within a month of opening the account. From then on, the bonus will be credited to you within 15 days.
Opening an account with BforBank also involves choosing between one of three bank cards: Visa Classic, Premier and Infinite. While the first two are free, the third is available for an annual fee. In all three scenarios, it will be necessary to prove a regular monthly income to access the offer.
Which credit card to choose?
During these BforBank Days, the online bank grants all its new customers a bonus – regardless of the formula chosen.
The map Visa Classic is free and it will be necessary to justify a minimum of 1,200 euros of net income per month to claim it. Unlike the other two cards, it is immediately debited. It also comes with the standard insurances and guarantees associated with this level of card. It remains free as long as you make 3 payments per quarter (otherwise it will cost 6 euros per quarter).
If you have the capacity to justify 1,800 euros net per month, you will be eligible for the card Visa Premier. While it quickly costs 10 to 20 euros per month in a traditional bank, BforBank makes it available to you free of charge. It comes with real flexibility: immediate or deferred debit, authorized overdraft, raised ceilings and guarantees linked to the issuer’s Premier card. Note that it requires at least 3 payments per quarter, otherwise it will be billed €9 per quarter.
Frequent travelers will appreciate the Visa Premier card at its fair value, as well as the prestigious Visa Infinite. BforBank is the only online bank to offer the famous “black card” to its customers. However, it will be necessary to justify 4,000 euros of net income per month to benefit from it. The bank also asks for a contribution of 200 euros per year to access all the services. It is two to three times cheaper than a traditional bank.
Once you have chosen the bank card, you will have access to a range of common banking products. This is where BforBank differs from many other online banks and other neo-banks: it offers a complete range of products and services, similar to that of a traditional bank.
So you can largely imagine making BforBank your main bank account. Online banking will allow you to manage your daily budget, alongside your savings investments, your stock market investments or even your credits. Opening an account does not commit you to anything, nor in the long term: that said, if you are convinced by the service and wish to migrate your products from your current establishment, BforBank offers the B Smart service which will take care of the procedure.
Current account
Conditions: €1,200 net/month minimum
Annual fee: €0 • Initial deposit: €150
Check deposit: ✔ • Cash deposit: ✘
Bank card
Monthly cost of the card: 0 €
Euro zone withdrawals: Free • Euro zone payments: Free
Foreign currency withdrawals: 1.95% • Foreign currency payments: 1.95%
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Three financial advantages to subscribing to it
It is extremely rare for online banking to organize BforBank Days. It is therefore the ideal time to take the plunge and test the bank. This initial financial boost of 80 euros comes on top of the gigantic savings you can make on your bank charges.
If you have a standard use of your bank, by opting for a free card such as Visa Classic or Premier, it will cost you absolutely nothing. By way of comparison, the French pay an average of 219 euros in bank charges per year. BforBank thus allows you to avoid the excesses linked to often unjustified fees. In the long term, this represents thousands of euros!
Because good news never comes alone, BforBank also offers financial benefits on two complementary products. At this time and until February 2, 2023, it offers you a boosted rate for any opening of a savings account. In this case, you can claim 3% annual gross for 2 months (up to €100,000) instead of the standard remuneration (0.6% gross).
Finally, for the more adventurous, BforBank also reimburses 100% of custody account transfer fees / PEA / PEA-PME until January 23, 2023 and up to a limit of 2,000 euros. The only condition is that your portfolio has a minimum valuation of 1000 euros at the opening. If you want to take advantage of its scholarship offer (with access to the ProRealTime platform which is normally billed at 15 euros per month), this offer is attractive.
To discover the BforBank Days, it’s here:
