In recent months there have been a large number of Bank advertisements offering citizens various benefits in exchange for direct payroll deposit with them. But is there really an advantage to keeping your payroll with the entities?
In a first bank, Antonio Luis Gallardo, head of Asufin studies, comments on how they request permanence to obtain advantages for the automatic deduction of your payroll: “It forces us to stay 24 months with your domiciled pay, if we leave before we have a penalty”.
In other words, if we have to stay for two years, in reality the bank He only offers us 10 euros per monthfrom which taxes should be deducted. “It’s very little money. Whoever wants dishes is better off buying them,” says Javier Díaz-Giménez, professor of economics at IESE.
In a second bank, they also ask for two years of permanence, but that gives more money, 400 euros. Yes indeed, In the offer people are excluded because they ask us for 2,500 euros crisp in the fine print.
We arrive at a third entity. In his case, he gives 300 euros, but suggests going much higher. As Antonio Luis Gallardo comments, he seeks to accumulate more deductions from them to be able to access the benefits.
In this situation, it is better to stop and think about what will pay us in the future, for example if we want a loan, or a real savings product. “Much more practical to look for an entity that will accompany you”says Javier Díaz-Giménez. And remember, if something is free, it’s because we are the product.
