Bnext review

Opening and maintaining the account is free, and the monthly fee is €0. That places Bnext at 1 on monthly fee among the 500 brands compared here, and the access terms add no charge for keeping the account running.

Free ATM withdrawals appear on the free atm list, though the access terms pass the cost of ATM cash withdrawals on to the customer. Readers who take out cash often should read both together rather than assume the withdrawal carries no cost.

Currency conversion runs at 1.15% to 1.5%. AXI Card converts at 0% and XTB at 0.5%, so both come out cheaper, while Skrill sits far higher at 3.99%. Readers who hold euros and spend euros will not feel this charge at all.

Deposits are covered by EU DGS up to EUR 100,000. The account is issued by Bnext Electronic Issuer E.D.E., S.L. and the Bank of Spain supervises the firm in Spain, so the balance sits with a named issuer inside that protection rather than outside it.

The Bank of Spain is the regulator, covering the country of ES, and the account is issued by Bnext Electronic Issuer E.D.E., S.L.. The company was founded in 2016, so it is an established name in Spanish e-money rather than a new entrant, with oversight sitting at national level.

It is an easy access account, the everyday kind rather than a fixed term or notice product, and it comes with a Spanish iban so local payments work in the usual way. There is no lock in period, so money moves in and out as you like.

Support runs through help centre, so most questions are answered by the help centre rather than by a person on a call. Readers who prefer a phone line or live chat for a disputed payment may want to weigh that before opening the account.