Boursorama Banque Test: Mobile Banking’s Seniority Is Paying Off

Boursorama offers a wide range of accounts for individuals (Welcom, Ultim, Ultim Métal), for professionals (Boursorama Pro) and for teenagers aged 12 to 17 (Freedom). Each offer is linked to a checking account and Visa Premier debit card by default. at least.

Opening an account is done through the online site or mobile application (with the ability to photograph and send the scanned receipts directly from the smartphone) in a few minutes, and all the following operations can also be performed through the application: opening a savings account , life insurance , apply for a loan (including real estate) or go public. On the other hand, processing can sometimes take several days, the time it takes for the receipts to be received and processed by the bank.

Routine operations such as transfers (including adding new beneficiaries, card settings – unlocking the payment or withdrawal limit, activating or not contactless, blocking or retrieving the PIN code) are performed from the application.

A matter of cost

The first strength of this online bank is its cost. On average, the bank’s customers paid less than €8 in fees in 2021, compared to an average of €219 across all banks (online or traditional). Be careful though, if Boursorama brags about not charging its customers entry fees or direct withdrawals of earnings, you still need to use the card linked to your account at least once a month (for a payment or for a withdrawal) to avoid making a payment an account maintenance fee of €5 (and €9 for the Ultim and Ultim Métal plans; this limit does not apply to teen accounts).

It should also be noted that the Ultim Metal offer adds additional insurance benefits and more attractive offers for international travelers to a metal card (access to airport lounges, transfers outside the SEPA zone – i.e. the international area where the euro is valid). official currency – pay with the card and withdraw free of charge anywhere in the world) is remunerated at 9.90 euros per month. If you only travel outside of Europe once or twice a year for short stays, you’d better be satisfied with the free Ultim offer, with certainly a little less insurance, but if necessary three foreign withdrawals free of charge.

Boursorama’s second strength is range. With almost 15 years of existence, the bank is always adding new products and services. In total, it offered its customers 35 products and 950 different functionalities as of March 2022, some of which, like The Corner, even go beyond the pure banking sector as they are promotional offers and cashback from affiliated partners. The counterpart to such a rich offer is that certain functionalities, no matter how practical, are hidden. So the journalist, although she has been a customer of the bank for years, only realized through this test that it is possible to create a targeted notification if her expenses in a certain area (telephone, leisure, food, travel, etc.) exceed a certain monthly threshold.

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