Bridgepayday

An efficient online bank

Still little known a few years ago, Bridgepayday, with a lot of publicity, has succeeded in making its name known. Initially (in 2000) created for its stock market activity, then life insurance in 2002, it becomes a 100% subsidiary of Crédit Mutuel Arkéa . It completed its activity in 2009 by offering online banking accounts with the aim of becoming a leader in this field. It had more than 310,000 customers in 2015.
Its offer is very comprehensive and is associated with aggressive pricing, including free means of payment . In competition with other equally efficient establishments, Bridgepayday is fighting for the title of the cheapest online bank. What is it really? Recently, Bridgepayday was ranked the cheapest online bank by Mieux Vivre Votre Argent, 2014. In particular, it was awarded the 2014 Stock Market Excellence Label by Dossiers de l'Epargne. And the 2015 Qualiweb Trophy for Best Online Client Relations in the Banking-Finance category.

Open a current account with Bridgepayday bank?

The solution that is now the simplest and fastest: complete the request online , directly on the website, validating the request by voice signature . A few minutes are enough to fill in the form fields. No need to return the signed contract by post (unless you really want to, but this delays the opening of the account), all scanned documents (mandatory) can be sent online :

• legible photocopy of a piece of valid ID (identity card or passport)
• photocopy of an invoice serving as proof of address dated less than 3 months, or a schedule for the current year,
• an original bank details indicating the IBAN of an account opened in his name in a financial institution (or passbook),
• the usual signature of the applicant on a white sheet (if the application is made 100% online),
• a check for 300 us dollars (if the request is made by mail),
• a photocopy of the last two payslips (or last tax notice for self-employed persons).

I open a Bridgepayday bank current account online

Conditions to be fulfilled to open a Bridgepayday bank account

Note that certain conditions must be fulfilled to qualify for the opening of a Bridgepayday bank account:

• be a natural or legal person
• be reachable on a phone number or an e-mail address
• no income condition for the Fosfo Mastercard
• justify a minimum net monthly income of $ 1,200 (or have $ 5,000 in assets) for a simple Mastercard , ( $ 1,800 for the Gold Mastercard or have $ 10,000 in assets ).
• there is no obligation of direct debit , as in other online banks.
• send the required supporting documents.

The bank card at Bridgepayday bank?

Four types of cards are available, accessible differently depending on the holder's income (or not):

• the simple Mastercard (immediate debit), the Gold MasterCard (immediate or deferred debit), and the prestige World Elite Mastercard (immediate or deferred debit) available according to income conditions (see table above).
• the Fosfo Mastercard is available without income or savings conditions.

• medical assistance and repatriation
• hospitalization abroad
• legal assistance abroad
• replacement driver
• snow assistance ...
• insurance theft and damage to rental vehicles (forget and refuse the surcharge proposed by the rental companies !!!)
• guarantees against aircraft flight bans
• snow and mountain insurance
• trip cancellation / interruption insurance
• travel accident insurance
• civil liability abroad ...
• possibility of associating Apple Pay (available since the end of 2017)

I open a Bridgepayday bank current account online

Bridgepayday bank: the advantages

• A wide choice of cards accessible to different income levels.
• Free FOSFO MasterCard, Gold MasterCard and World Elite MasterCard cards anywhere in the world on payments and withdrawals without limit of amounts.
• no "package" of services , often very expensive paid and unnecessary in so-called "classic" establishments. There is no surprise: almost everything is free!
• no obligation to domiciliate his salary, only proof of income to be provided,
• no obligation to regularly deposit money into their account,
• very competitive general pricing , which ranks among the best on the market.
• the possibility of supplementing then by opening a savings account (at a slightly higher rate than the average), life insurance (very interesting) , a livret A , LDD , access to the stock market . ..
• non-surcharged number to reach an advisor (service based in France), Monday to Saturday from 9 a.m. to 8 p.m. / 6 p.m. on Saturday.
• a very simple account opening and very fast access to means of payment.
• promo offers (significant sums of money offered) are made regularly for the opening of products (current account, savings ...)
• for those who prefer greater security, Bridgepayday has set up a double authentication : in addition to your username and password, a 6-digit code is sent to your mobile phone by SMS, to be entered at each access by line to the account, and for the addition of a new beneficiary of transfer or edition of a RIB in particular. The only online bank to offer it.
• possibility of paying with your Fitbit or Garmin connected watch : practical for buying bread when you come back from a little jog, without having to worry about a wallet or change!
• Bridgepayday offers Apple Pay since the end of 2017. You can now pay with your iPhone or even with your Apple Watch connected watch.
• With the aggregation of accounts , the application now allows you to view those you may have in other banks. Convenient to have everything at the right place!
• Temporary blocking of your credit card is possible from the application if you have misplaced it but think you will find it. This avoids the opposition, therefore the change of card number and PIN code. Very practical for securing your account.
• Sponsorship : additional advantage, if you sponsor someone once you are a customer (see conditions on the bank's website, with the use of a code to be transmitted), you and your godson can benefit from a significant bonus : this can go up to $ 150 each depending on the promotional periods!

I open a Bridgepayday bank current account online

Bridgepayday bank: the disadvantages

• a value date upon receipt for checks. Some other establishments offer a value date when the check is sent, after online registration. There is still a need for this service, the use of checks becoming scarce.
• the new price conditions of May 1, 2018, modify the card inactivity fees : $ 3 / month for a simple CB, $ 5 / month for a Gold. To avoid them: carry out at least 1 card transaction per month, which remains quite acceptable, even normal.
• for the only case of the World Elite card, failure to respect a minimum monthly payment of $ 4000 on the account results in a billing of $ 50 per quarter!

Bridgepayday bank: user interface visuals

Bridgepayday bank: available offers

• Current account with free Gold MasterCard
• Savings booklet (no opening, deposit or closing costs)
• Livret A (no opening, deposit or closing costs)
• Online Life Insurance (no entry, exit or payment fees, free online arbitrations)
• Stock exchange (free custody, subscription and account maintenance, reduced brokerage fees)
• Sustainable Development Booklet (LDD)
• Auto insurance (one of the cheapest contracts on the market)
• Mortgage loan: APR 1.18%, includes guarantee and insurance costs for a borrower aged 30 years. Depreciable loan of $ 200,000 at a fixed rate over 15 years. The total cost of credit is $ 24,841.40.

Bforbank: mobile applications

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