New price plan also offers discounts to self-investing customers in combination with Binck savings and investments products

Binckbank has introduced a new price plan with multiple packages for its self-directed customers (execution only) in the Netherlands aimed at providing more favourable rates to those investors with a higher investment activity. Each package provides investors with extra tools that support them in the management of their investment portfolio.

Additionally, the bank's self-directed customers with multiple Binck products, such as Binck Savings or Binck Investing products like Binck Forward, Binck Pension or Binck Comfort, will receive discounts.

The 'combination' discount ('Combideal') and the new price plan will form the new tariff structure for Binck's self-investing customers trading in shares, options and funds. Trading in Binck turbos will remain free of transaction costs, like it was already introduced last year. 'Our new investment packages for our self-investing customers are tailored to the different needs of the various types of investors,' said Jeroen Sonsma, director at Binck Nederland. 'We noticed that more and more consumers have started investing and we want to help them by lowering the threshold. This new price plan with the different packages offers existing and new customers the opportunity to choose an appropriate package fitting their own needs.'

The new price plan follows the principle that more business or trades at Binck will lead to a better (price) offer. Lower transaction rates are possible thanks to the introduction of a service fee, charging on a monthly basis for keeping an account and using our platform and information services. However this fee will be waived to a large extent when the customer activates other Binck products, such as Binck Savings, Binck Forward, Binck Pension or Binck Comfort.

The new three packages include 'Binck Green', which is focused on equity investors who want to independently build and maintain a portfolio and wants to use our analysis tools and extensive education programme; 'Binck Blue', which is aimed at the more active equity and derivatives investor who wants access to trade ideas and the Protrader platform; and 'Binck Black', which is tailored to day traders.

In addition, the Dutch bank has introduced the Combideal, providing customers a cost advantage when they also make use of other Binck products for their wealth management, all under one roof. Binck has over 400 turbo certificates listed in The Netherlands, of which 389 are still live, according to SRP data

As of today, Binck customers will be informed on the website and via a personalised mail about the new rates and will be automatically switched to a new price package from 1 May 2018, but they can also immediately opt in if preferred. The new price plan is directly available for new customers. Customers can switch packages free of charge on a monthly basis.

 

Related stories:
Dutch online broker introduces asset management service for increased independence

Binck 2017 result boosted by strong performance turbos

Dutch banks 'prioritise' products to meet Kid deadline, brokers still evaluating language issue

Dutch online broker introduces asset management service for increased independence