Bank accounts are like chocolates: there are as many types as there are tastes and needs. Everyone can choose how to deposit their money at a bank according to their particular preferences, needs and circumstances. 

A bank account is a unique identity your bank assigns to each deposit. We store our income in the account to carry out financial transactions with amounts we draw from it. With an account, we can withdraw or deposit cash, purchase financial services, make payments and transfer funds to other accounts electronically. Accounts are like small financial operation centres where we regulate our financial health. It is essential for everyone to be able to decide which bank account best suits their needs and personal situation.

There are generally two types of bank accounts: current accounts and savings accounts. Both provide available liquidity (you can deposit and withdraw money at any time), are easy to open with your ID, and earn very low or zero interest. However, they also have significant operational capacity. The bank can issue credit or debit cards linked to the bank account. You can also use it to set up direct debits, withdraw cash, make queries, etc.

There are also salary accounts and fixed-term deposit accounts. To open a salary account, you must set up a regular transfer of income from a salary or pension. Salary accounts usually offer major benefits such as a maintenance fee waiver and bonuses. Term deposit accounts are bank deposits invested to generate higher returns. They only allow you to redeem your money and the interest it earned on a specific maturity date.

What bank account should I choose? To choose the best account for us, we must consider related costs and fees, the online transactions it lets us carry out and any associated offers that are more interesting, in addition to our lifestyle, age and circumstances.