The best banks to have your payroll before the end of the year and earn 500 euros

There are many banking entities that offer cash in exchange for direct deposit of payroll, pension or unemployment benefits. These offers are very different, since each bank is free to demand from its clients the conditions they consider. However, comparing all the offers, it can be seen that they all usually request the same requirements: domiciliate the payroll or pension with a minimum import and fulfill a permanence commitment.

However, we must be careful when selecting the best offer. Estefanía González, spokesperson for personal finance at Kelisto, assures that “it is important to take time to consider issues such as the connection requirements, the maximum amount paid, the permanence commitment and the taxes that the Treasury will charge you for the gift.”

He adds that “to get the best offers from banks, it is not enough to direct deposit a payroll or pension. Sometimes several receipts must be direct deposited and make a minimum consumption with the card associated with the account. “That represent an expense for the consumer, which could restore attractiveness to the final reward.”

The accounts that offer you money to settle your debt.

The Targobank Next Account, from the Abanca Group, offers 300 euros net if a payroll or pension of 1,200 euros or more is deposited or a gift of 150 euros if income drops to between 800 and 1,200 euros.

The permanence commitment is for two years and, in addition, offers a return of 2.53% APR with no maximum remuneration limit. This offer is exclusive for those clients who have never had their payroll domiciled in any banking entity of the Abanca Group.

Of the same group, Abanca’s Clara Account stands out, which offers 300 euros net for regular income of at least 1,200 euros, or 150 euros if they are between 800 and 1,200 euros. The minimum permanence is two years, with a return of 2% APR during the first year for a maximum balance of 15,000 euros, which would allow for another 300 euros in interest.

The Banco Santander Online Account gives away 300 gross euros if a payroll or pension of at least 600 euros and two receipts are direct deposited. If the income is more than 2,500 euros, the prize increases to 400 euros.

The offer has a two-year permanence commitment, and has the highest incentive for domiciliating the smallest payrolls. It is a highly recommended account as it has no commissions or conditions.

Deutsche Bank, with its Más DB Account, gives away 30 euros per month for a year (up to 360 euros in total) if you have a payroll, pension or SEPE benefit of at least 2,000 euros. In addition, it offers a profitability of 2% APR during the first year, although this balance is only remunerated for an import of a minimum of 50,000 euros. As a positive point, it does not have any type of permanence commitment, and if you do not receive income in a month, the bank does not give you the incentive.

Banco Cajamar offers bonuses of up to 500 euros for a payroll of 4,000 euros or more; 300 euros if it ranges between 2,500 and 3,999 euros and 200 if it ranges from 1,200 to 2,499 euros. It has a 3-year commitment and a remuneration of 1.75% TIN indefinitely.

Unicaja offers up to 250 euros as a gift (if your salary exceeds 2,000 euros) and 150 euros if your salary is between 800 and 1,999 euros. It has a commitment to stay for two years.

Finally, Openbank offers a promotion in which it gives away 120 euros when you have a payroll, pension or unemployment benefit of at least 900 euros, and has a commitment to stay for 12 months.