Here's the perfect new checking account for your reward travel strategy
In recent days Banca Mediolanum launched the new and, we can say without fear of contradiction, it is probably the [...]
Some of the offers included in this article may have expired, to find out what offers are active right now click here
In recent days, Banca Mediolanum launched the new online account named Selfy And, we can say this without fear of contradiction, is probably the ideal account for anyone who wants to maximize the collection of reward travel points.
What is Selfy
In this article:
A comprehensive offer, which can be activated with the opening of Selfy Account, which allows people to manage their daily banking, how to get a loan in real time, arrange an instant transfer, carry out trading and fund purchase transactions, in total freedom and autonomy. All this is guaranteed by the solidity of Banca Mediolanum, one of the most reliable banking institutions in the market.
It is a comprehensive, digital current account dedicated to all customers who want to have the freedom to try Banca Mediolanum by independently choosing services and building the bank to their size and measure. Selfy is fully digitally subscribable and manageable through web and app. It is also completely free for everyone for the first year. For customers up to 30 years oldcontinues to be at zero cost, while for others the fixed cost is 45 euros annually, but it can be reduced to zero by using products offered by the bank.
What Selfy offers
Open the Mediolanum app and get started: arrange payments, make instant transfers, pay F24s and bills with a photo and operate on your investments. In addition, you can check the movements of your cards at any time, installment payments and in an emergency block them for 48 hours.
Cash and check deposit - More "traditional" transactions, such as depositing cash or checks into the checking account, are secured through Intesa Sanpaolo and Poste Italiane ATMs (while cash withdrawals are enabled at ATMs at any bank).
To make a deposit, simply enter the ATM, type in the secret code, select the option on the display, and insert the bills or check in the space provided. The balance will be updated within a few business days.
The account also makes available to you:
- one free debit card
- free withdrawals In ATMs: withdraw your money without any limit in the Euro area
ATM Pay and Plick - Both allow instant money exchange and payment from the app. The former requires the transfer recipient to have the same service enabled, the latter requires no activation or additional accounts.
With Plick, you only need to have the recipient's contact (cell phone number or e-mail address) in your smartphone address book. The beneficiary of the transfer receives a link via SMS or e-mail, through which he or she can cash directly into his or her bank account.
Paying with your smartphone in the store - The phone can also be used in the store in place of a physical card, for POS terminal payments.
After registering the ATM in the Google Pay (Android), Apple Pay (iOS), Samsung Pay or Garmin Pay apps, to pay with your smartphone you will simply authorize the transaction via fingerprint or facial recognition.
The offer for new customers
To all new customers who will proceed to theOpening a Selfy checking account by March 31, 2021, crediting the salary Within three months, will receive a free 100 GB per month for 12 months with TIM, plus al router which will remain the property of the customer even if the line is terminated.
How to open the account
Open Selfy Account is really simple, also because you can do everything completely online.
You will only need to have available:
- a valid identification document
- your tax code
- your smartphone
- a personal e-mail address
In fact, only one video call to make the identification and thus be able to activate the Banca Mediolanum online checking account.
Alternatively, you can also make a wire transfer if you prefer to use another quick and convenient method.
Why is it the ideal account for the reward travel world?
Banca Mediolanum is (probably) the only bank in Italy capable of issuing "customized" American Express credit cards and making offers that are different from those that are normally available to customers who turn generically to the AmEx site. All the people who aim at maximizing the benefits of reward travel should choose this option because it is the best in Italy in terms of earning points per euro spent.
This means that, for example, you can apply for an American Express Platinum and pay the fee in half for the first year and totally discount the €720 annual fee if you spend a minimum of €25k with the card in the previous 12 months.
But the absolutely most interesting card is the American Express Gold, which is also the only one that has a proprietary design.
The current offer includes: free fee the first year, from the 2nd year €150. If you spend at least €600 with Card within 2 months of issuance you will receive a welcome bonus of 75k MR points, which only a fool would turn into a €300 discount and not into A business class ticket to the United States.
The good news is not over, as this is compounded by the fact that. every year you will receive 20k membership rewards points extra if you have spent at least 10k euros in the previous 12 months. Of course, these proprietary benefits of Banca Mediolanum are in addition to all the classic benefits of American Express cardholders.
How to double MR points thanks to the Mediolanum For You program
The real uniqueness is that Banca Mediolanum has its own loyalty program. which allows customers to accumulate points by using products offered by the bank, through daily spending and through the "introduce a friend" promotion.
Here it is Mediolanum American Express Gold cardholders will earn one Medionalum For You point for every euro spent with the card, with no limit. And points can be transferred into MR points at a rate of 1:1, effectively allowing you to earn 2 MR points for every euro spent. Alternatively, they can also be transferred to the Alitalia Millemiglia program, but with a worse rate of 2:1, this means that it is still worthwhile to switch from MFY to MR and from MR to MM since the conversion is 1:1.
How to earn bonus points
We have said it many times, if you are in the world of reward travel, bonuses should be taken advantage of all of them. Crediting your paycheck brings 700 bonus points, domiciling a bill 50 points, and so on for many other small daily transactions. It is also possible to earn a lot of points by introducing a friend: it can generate 6 to 10 bonus MFY points.
All points that can be transferred true MR collection at the rate of 1:1.
In conclusion
Thanks to Operation Selfy you get in touch with one of the most solid banks in Italy. A digital account that has nothing to envy from other experiences and allows free withdrawals from any ATM in Italy and the Euro Zone, as well as free domestic and European transfers. Not to mention that it gives access to the American Express world in a unique way: with bonuses and benefits unattainable through traditional cards.
Some of the offers included in this article may have expired, to find out what offers are active right now click here
