Bnext Review

The choice of payment options available for users is really wide. They differ one from another in a range of things, such as available locations, limits, fees, and others. In this article, you will find helpful information about Bnext. So, read it to decide whether you should use this payment solution.

Basic Information on Bnext

Bnext is a payment company based in Madrid. In essence, it is a neobank, which means that it is a bank that does not have any physical branches. Having been operating in the market since 2016, it has quickly gained popularity. By 2018, the company has earned about €1.5 million, and by 2019, its services have been used by over 300,000 customers. The Spanish company is also available in other locations, such as Latin America and Mexico. Today, the team of this company consists of more than 120 employees. The system allows making a large range of transactions, including selling and buying cryptocurrencies.

Racking fees up using ATMs that are not on your bank’s network is outright preposterous. You can keep the $3 per transaction of an out of network ATM at bay by bringing substantial cash or by visiting your own bank’s ATM.

This is something that you may do every now and then, but, getting into a habit is the sheer wastage of money. Plan beforehand. You must always have money on hand, think what you are going to do in the future, and whether or not you will receive access to an ATM of your own bank.

How Bnext Works

It is free to set up an account, and there are no maintenance costs. To do that, you will need to provide a Spanish phone number as well as DNI or NIE. The account can be mainly used for day-to-day expenses. It is possible to order a card to be able to pay with it at various shops as well as withdraw funds from ATMs.

Users can deposit money to their account by entering the details of the card or bank account that they want to deposit from. It takes about 24-48 hours to get the money.

Conclusion

Bnext is a good alternative to traditional banking for those who live in Spain. It is quick and free to set up an account. The system perfectly works for a variety of purposes, such as making online payments at stores, sending money to friends, purchasing crypto coins, and others. Ordering a card for the account is possible, which gives more flexibility to its users.