Bizum has become, for many, an essential requirement when choosing our new banking entity. However, with exclusively online banks, it is not always easy for them to be compatible with this service. We tell you the options that currently exist.
The digital banking It has become one of the preferred options for a growing number of users looking to access commission-free accounts with which to manage all their daily operations. However, many neobanks, such as Revolut, for example, work with an IBAN that is not national. And, therefore, it is not compatible with services like Bizum. A factor that, for many, is decisive when opening our bank account.
So, what options we have? Although the reality is that there are not many options on the market, the reality is that there are some banking entities that operate 100% online and that allow us to enjoy services like them. We tell you which are the two main ones.
N26
N26 is one of the digital entities that have accumulated the greatest number of popularity in recent years. Last 2022, the company began working with a Spanish IBAN, an essential condition to be able to have Bizum. Therefore, since then, it was the only online bank that offered the option of having this service integrated into its own application, considerably facilitating immediate transfers.
In addition to Bizum, N26 offers us interesting added advantages that have allowed it to establish itself as one of the leaders in its sector. Like, for example, the fact that it offers us a free virtual card accepted throughout the world, have an online account without any type of commission or a paid account that allows us to obtain up to 2.26% APR. Or, one of the aspects that has allowed it to secure its current positioning, the option of being able to withdraw money from a large number of banks in different countries without commissions.
B100
Abanca recently launched your own online banking model baptized as B100. This is a new proposal by the banking identity that relies exclusively on the online channel. Therefore, consumers cannot choose to go to the branches at any time, since everything is framed within the mobile application offered by the bank. In this case, since it is a Spanish entity, we will also be able to use Bizum without any extra limitations. Within the main section of the app, we will find a dedicated button for Bizum. By clicking on it, we will automatically access a drop-down menu with which we can both order and request bizums normally.
It is important to remember that if you phone number that’s it associated with any other old IBAN, We will have to carry out the change process, since we cannot have two accounts associated with the same phone number. However, the process is especially simple. We must go to the app of our new bank and register as new users. When it detects that we already have an account, it will ask us if we want to replace it with the previous one, we must click yes and follow the instructions. In just a few minutes, we will have everything configured.
