5 ms·

That's so far from my experiences in 3 countries. In the UK Monzo and Revoult have quick access free bank accounts. I don't pay anything to have debit cards an

by agilob 3y ago

That's so far from my experiences in 3 countries. In the UK Monzo and Revoult have quick access free bank accounts. I don't pay anything to have debit cards and saving accounts. 1 account in Germany, I pay 2€ per month for the account, includes a saving account, but no debit or credit card, only online access. 2 accounts in Poland where I also don't pay anything, unless I don't spent 300-350PLN (65e) per month using the debit cards. If I don't use debit card enough banks subtract 14PLN (3€). My saving accounts in PLN are 7%, 8% and 10%. Maybe talk to your coworkers about better banks and deals, you're being taken advantage of.

simonh 3y ago
It varies a lot by country. France is unbelievably bad.
- agiamas 3y ago
  exactly. UK has fierce banking competition and you have so many digital banks that compete with the brick and mortar and beat them on pretty much everything except for not having actual branches. It's the closest you can be to being happy with..banks :) Then you go to Greece and you pay exorbitant transaction fees for everything. 3E for any incoming transfer, regardless of amount. 10-15E to transfer 10k between banks in the country. Sky high interest rates for lending, unreasonable guarantee requirements and it's still really hard to get a loan. And then you get 0.25% for saving accounts. e-banking that may be pretty looking but a shame functionality wise. And you only have 4 banks (+1 zombie bank). The bankers are still making bonuses like it's 2007 and the public is funding them with transaction fees. The traditional banking business model of making money from the spread between lending and savings rate is pretty much dead. I can't believe there can be any other country worse than Greece in the EU. Change my mind =)
- pif 3y ago
  You are right on "unbelievably". In my experience, bank service in France is fine.
  - mdp2021 3y ago
    It could be useful if those who label "bad" shared "with which Institutes", and likewise for those who label "fine" - even before detailing what is specifically "bad" or "fine".
- benhurmarcel 3y ago
  How so? France has online banks which have very decent conditions, comparable to other EU countries.
mpreda 3y ago
Would you share which Polish banks offer the 7%, 8%, 10%?
- avn2109 3y ago
  I am also interested in this, IIRC my PKO and Mbank accounts are not that high.
- odiroot 3y ago
  That sounds like Santander.
  - TeMPOraL 3y ago
    How do you get such rates? I bank with Santander in Poland, and my savings account has been stuck at 0.01% for the past 2+ years. 7% is something I recently saw on time-limited deposits, not on generic savings account.
    - agilob 3y ago
      It's time limited saving accounts, but * self-renewing *. It automatically opens another saving account after this one expires.
- agilob 3y ago
  credit argicole. 10% for 180 or 356 days at 10% rate. It was a special offer to limited number of customers in February ING still has 7.5% offer.
ornornor 3y ago
Revolut is run by a toxic ceo who demands people work Sundays by Slacking them asking why they’re not working, and that demands prospective employees recruit as many new customers as possible (200+ a week) to even be considered for employment. See https://www.wired.co.uk/article/revolut-trade-unions-labour-fintech-politics-storonsky https://www.wired.co.uk/article/revolut-trade-unions-labour-...
- TrapLord_Rhodo 3y ago
  Sounds par for the course for most tech companies? It's not like these companies that do this don't have extremely rough interviews and clarify expectations of 55 hour weeks prior to employment. If you don't find enjoyment in working long hours, seems like that's not the company you want to be working at? There are plenty of companies with a better work/life balance, but they tend to pay less.
  - ornornor 3y ago
    Demanding long hours is unfair but rather common unfortunately, you’re right. Demanding you recruit hundreds of customers, for free, to even be considered for an interview is downright exploitative. I don’t think any but the most predatory companies do this and it’s probably not even worth the legal exposure. I suspect however this acts as a filter. By making people jump through this hoop, you make sure you’re only keeping docile and compliant people in your pipeline who can be abused and overworked. Not the world I want to live in and that’s why I point it out every time I can to hopefully sway customers away from them.
    - TrapLord_Rhodo 3y ago
      >Demanding long hours is unfair but rather common unfortunately What is unfair about this? What is so wrong about dedicating yourself to a company you beleive in? Revolut is an awesome company, doing amazing things. I worked at Tesla, and unless you had something fun to do for the weekend (Like tahoe or something) they expected you to be in the office. I LOVED working at Tesla. I ended up leaving to start my own company a few years ago, but i will remember my time at Tesla for the rest of my life. >Demanding you recruit hundreds of customers, for free, to even be considered for an interview is downright exploitative. I don’t think any but the most predatory companies do this and it’s probably not even worth the legal exposure. This literally makes no sense and I think you are conflaiting something here? How would i recruit customers if i didn't work at the company? Are you talking they hired a bunch of people who had very high referals to the company? I know they offer a bonus if you refer your friends, so looking through those logs and hiring all the people who have high referals sounds like a great business move to me. > making people jump through this hoop, you make sure you’re only keeping docile and compliant people in your pipeline who can be abused and overworked. Or you ensure you are hiring the most highly motivated people who believe in the mission. "Docile and compliant" doesn't work at high pressure, tech companies... You are eaten up and spit out pretty quickly at the brashness, demands and stress to perform.

by agilob 3y ago

simonh 3y ago

It varies a lot by country. France is unbelievably bad.

agiamas 3y ago
exactly. UK has fierce banking competition and you have so many digital banks that compete with the brick and mortar and beat them on pretty much everything except for not having actual branches. It's the closest you can be to being happy with..banks :) Then you go to Greece and you pay exorbitant transaction fees for everything. 3E for any incoming transfer, regardless of amount. 10-15E to transfer 10k between banks in the country. Sky high interest rates for lending, unreasonable guarantee requirements and it's still really hard to get a loan. And then you get 0.25% for saving accounts. e-banking that may be pretty looking but a shame functionality wise. And you only have 4 banks (+1 zombie bank). The bankers are still making bonuses like it's 2007 and the public is funding them with transaction fees. The traditional banking business model of making money from the spread between lending and savings rate is pretty much dead. I can't believe there can be any other country worse than Greece in the EU. Change my mind =)
pif 3y ago
You are right on "unbelievably". In my experience, bank service in France is fine.
- mdp2021 3y ago
  It could be useful if those who label "bad" shared "with which Institutes", and likewise for those who label "fine" - even before detailing what is specifically "bad" or "fine".
benhurmarcel 3y ago
How so? France has online banks which have very decent conditions, comparable to other EU countries.

mpreda 3y ago

Would you share which Polish banks offer the 7%, 8%, 10%?

avn2109 3y ago
I am also interested in this, IIRC my PKO and Mbank accounts are not that high.
odiroot 3y ago
That sounds like Santander.
- TeMPOraL 3y ago
  How do you get such rates? I bank with Santander in Poland, and my savings account has been stuck at 0.01% for the past 2+ years. 7% is something I recently saw on time-limited deposits, not on generic savings account.
  - agilob 3y ago
    It's time limited saving accounts, but * self-renewing *. It automatically opens another saving account after this one expires.
agilob 3y ago
credit argicole. 10% for 180 or 356 days at 10% rate. It was a special offer to limited number of customers in February ING still has 7.5% offer.

ornornor 3y ago

Revolut is run by a toxic ceo who demands people work Sundays by Slacking them asking why they’re not working, and that demands prospective employees recruit as many new customers as possible (200+ a week) to even be considered for employment. See https://www.wired.co.uk/article/revolut-trade-unions-labour-fintech-politics-storonsky https://www.wired.co.uk/article/revolut-trade-unions-labour-...

TrapLord_Rhodo 3y ago
Sounds par for the course for most tech companies? It's not like these companies that do this don't have extremely rough interviews and clarify expectations of 55 hour weeks prior to employment. If you don't find enjoyment in working long hours, seems like that's not the company you want to be working at? There are plenty of companies with a better work/life balance, but they tend to pay less.
- ornornor 3y ago
  Demanding long hours is unfair but rather common unfortunately, you’re right. Demanding you recruit hundreds of customers, for free, to even be considered for an interview is downright exploitative. I don’t think any but the most predatory companies do this and it’s probably not even worth the legal exposure. I suspect however this acts as a filter. By making people jump through this hoop, you make sure you’re only keeping docile and compliant people in your pipeline who can be abused and overworked. Not the world I want to live in and that’s why I point it out every time I can to hopefully sway customers away from them.
  - TrapLord_Rhodo 3y ago
    >Demanding long hours is unfair but rather common unfortunately What is unfair about this? What is so wrong about dedicating yourself to a company you beleive in? Revolut is an awesome company, doing amazing things. I worked at Tesla, and unless you had something fun to do for the weekend (Like tahoe or something) they expected you to be in the office. I LOVED working at Tesla. I ended up leaving to start my own company a few years ago, but i will remember my time at Tesla for the rest of my life. >Demanding you recruit hundreds of customers, for free, to even be considered for an interview is downright exploitative. I don’t think any but the most predatory companies do this and it’s probably not even worth the legal exposure. This literally makes no sense and I think you are conflaiting something here? How would i recruit customers if i didn't work at the company? Are you talking they hired a bunch of people who had very high referals to the company? I know they offer a bonus if you refer your friends, so looking through those logs and hiring all the people who have high referals sounds like a great business move to me. > making people jump through this hoop, you make sure you’re only keeping docile and compliant people in your pipeline who can be abused and overworked. Or you ensure you are hiring the most highly motivated people who believe in the mission. "Docile and compliant" doesn't work at high pressure, tech companies... You are eaten up and spit out pretty quickly at the brashness, demands and stress to perform.