When you have a high income, you most certainly hope to be able to make the most of it. But above all, make it bear fruit in order to take shelter. The good news is that if you have a large salary, you will generally have no trouble finding an online bank that suits your needs and meets your expectations since you are simply one of the most prized. You thus present little risk, and above all have a very profitable profile.
However, not all online banks offer the same benefits to their wealthy customers. And some do not yet measure up to traditional banks in terms of financial products. In this article, we therefore present the rates, services and advantages that the best online banks can offer for high salaries. But also those that will allow you to make great savings. Because it is not because we earn a lot of money that we necessarily want to throw it out the window.
By crediting your bank account with several thousand euros per month, you can benefit from advantageous conditions. Like a lower borrowing rate, or a premium card. Nevertheless, these services often have a very high cost with conventional banks. It is mainly for this reason that even customers with a high salary can turn to online banks which have democratized prestigious services such as Gold cards.
The latter are indeed offered free of charge (for a portion of the minimum wage) by neobanks. The first to have positioned themselves in this niche are Fortuneo, BforBank and ING Direct, which offers the free Gold card against an income of 1,800, 1,600 and 1,200 euros respectively (or 5,000 euros in savings) to their new customers.
This is all the more advantageous as this service is billed on average at more than 130 euros by conventional banks. Account maintenance fees, withdrawals outside the euro zone (for people who have to travel for their work) or intervention commission: all these services are also offered by online banks (compared to several hundred euros accumulated at their physical competitors).
The most important thing when you have a high income is to be able to make profitable, quality investments at a lower cost. On this point, online banks have long been lagging behind. Nevertheless, their offer has been significantly expanded in recent years and they therefore offer increasingly competitive financial and stock market products to their customers with high incomes. All with very competitive prices.
Custody fees, for example, which are charged more than 30 euros per year by traditional banks, are generally offered by online banks (and in particular Fortuneo, BforBank, or Monabanq). Ditto for brokerage fees, which are often decreasing according to the amount of the order, and therefore the commission will be half as high as for a traditional bank. The performance of financial products, such as life insurance, is also higher with virtual banks (3.75% at Fortuneo, against 2.14% at Caisse d’Epargne).
For high salaries, it is therefore more interesting to place your money with an online bank, which will offer lower rates and much better profitability.
In general, a quick comparison of the best online banks therefore makes it possible to state with certainty that high earners have every interest in turning to online banks to invest, save and grow their money.
In this niche, it is certainly BforBank that does the most with an offer expressly designed for high-end customers with a high income and looking for a premium service. They will find, for example, a free Visa Premier card (provided they make at least 3 payments per quarter) or the Visa Infinite offered provided they can prove an income of more than 4,000 euros per month.
These VIP offers allow BforBank to attract fewer customers, and thus to offer a service (and in particular customer service) of much better quality and more accessible for the most demanding. Among the other advantages offered by online banking to high incomes, it is also necessary to remember: