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This does not work in Denmark. Banks know officially whether your bank account is your "living wage" bank account or not. If you have a bank account that is not the 'wage deposit' account, banks have started charging a premium for HAVING an account with them. I used to have several accounts, but since they've started with this extra-fee crap, I have closed all except my main account, because the fees would eat the deposited money. There may be ways around it, but I haven't found it.

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Can you have your employer split up your paycheck into multiple accounts? Account fees being waived when you have direct deposit set up is common in the US as well, but I can have my paycheck split into up to five accounts, so they all qualify.

What about N26, Revolut and all these new online banks? They don't charge anything where I live in the EU. I don't have 100k though.

Revolut does work nicely for this - and has the side benefit of allowing SWIFT transfers to DK accounts. This is something bizarrely that some traditional banks (looking at you Danske) don't allow.

Also in DK, the limit for being charged negative interest is generally 100,000 DKK ~ €13,500. With IT salaries it can become a monthly hassle dealing with it.

Consider automatically investing a big portion of it.

> This is something bizarrely that some traditional banks (looking at you Danske) don't allow.

Probably why their Estonian branch was used to launder money.

https://en.m.wikipedia.org/wiki/Danske_Bank_money_laundering...

> What about N26, Revolut and all these new online banks? They don't charge anything where I live in the EU. I don't have 100k though.

Most (all?) online banks I've seen will charge negative rates.

But ultimately the "if, how and when" is a commercial decision for the bank.

Some of them set higher cut-off levels (e.g. 50k vs 100k vs 1m).

Some of them segregate by account type (e.g. higher cut-off for retail clients than for business customers).

It might well be that some of them have a "fair-use policy" where they silently "eat" the negative rates but will quietly invite you to pay or move elsewhere if you have a large balance.

N26 charges 0.5% on accounts over 50k, curiously Revolut does not appear to do that (yet).

But I was talking about the "premiums" for not being the main account. Not the negative interest for having a large amount. If N26 and all the alternatives allow up to 50k with no negative interest, then the problem from the intial comment can be solved

On new accounts.

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