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What about N26, Revolut and all these new online banks? They don't charge anything where I live in the EU. I don't have 100k though.

agurk 5y ago
Revolut does work nicely for this - and has the side benefit of allowing SWIFT transfers to DK accounts. This is something bizarrely that some traditional banks (looking at you Danske) don't allow. Also in DK, the limit for being charged negative interest is generally 100,000 DKK ~ €13,500. With IT salaries it can become a monthly hassle dealing with it.
- im3w1l 5y ago
  Consider automatically investing a big portion of it.
- petre 5y ago
  > This is something bizarrely that some traditional banks (looking at you Danske) don't allow. Probably why their Estonian branch was used to launder money. https://en.m.wikipedia.org/wiki/Danske_Bank_money_laundering_scandal https://en.m.wikipedia.org/wiki/Danske_Bank_money_laundering...
hobo_mark 5y ago
N26 charges 0.5% on accounts over 50k, curiously Revolut does not appear to do that (yet).
- user568439 5y ago
  But I was talking about the "premiums" for not being the main account. Not the negative interest for having a large amount. If N26 and all the alternatives allow up to 50k with no negative interest, then the problem from the intial comment can be solved
- nicbou 5y ago
  On new accounts.
traceroute66 5y ago
> What about N26, Revolut and all these new online banks? They don't charge anything where I live in the EU. I don't have 100k though. Most (all?) online banks I've seen will charge negative rates. But ultimately the "if, how and when" is a commercial decision for the bank. Some of them set higher cut-off levels (e.g. 50k vs 100k vs 1m). Some of them segregate by account type (e.g. higher cut-off for retail clients than for business customers). It might well be that some of them have a "fair-use policy" where they silently "eat" the negative rates but will quietly invite you to pay or move elsewhere if you have a large balance.

agurk 5y ago

Revolut does work nicely for this - and has the side benefit of allowing SWIFT transfers to DK accounts. This is something bizarrely that some traditional banks (looking at you Danske) don't allow. Also in DK, the limit for being charged negative interest is generally 100,000 DKK ~ €13,500. With IT salaries it can become a monthly hassle dealing with it.

im3w1l 5y ago
Consider automatically investing a big portion of it.
petre 5y ago
> This is something bizarrely that some traditional banks (looking at you Danske) don't allow. Probably why their Estonian branch was used to launder money. https://en.m.wikipedia.org/wiki/Danske_Bank_money_laundering_scandal https://en.m.wikipedia.org/wiki/Danske_Bank_money_laundering...

hobo_mark 5y ago

N26 charges 0.5% on accounts over 50k, curiously Revolut does not appear to do that (yet).

user568439 5y ago
But I was talking about the "premiums" for not being the main account. Not the negative interest for having a large amount. If N26 and all the alternatives allow up to 50k with no negative interest, then the problem from the intial comment can be solved
nicbou 5y ago
On new accounts.

traceroute66 5y ago

> What about N26, Revolut and all these new online banks? They don't charge anything where I live in the EU. I don't have 100k though. Most (all?) online banks I've seen will charge negative rates. But ultimately the "if, how and when" is a commercial decision for the bank. Some of them set higher cut-off levels (e.g. 50k vs 100k vs 1m). Some of them segregate by account type (e.g. higher cut-off for retail clients than for business customers). It might well be that some of them have a "fair-use policy" where they silently "eat" the negative rates but will quietly invite you to pay or move elsewhere if you have a large balance.