Individual clients
360° Account
Bank Millennium offers accounts, which may easily be maintained free of charge. The conditions offering a release from maintenance charges have been designed to be easy to satisfy, also by clients with less funds, including those who earn minimum wages. The Bank does not require funds to be received from a specific source or a single transfer in a full amount: the sum of proceeds is taken into accounts (including social support) and cash payments during the month for the minimum amount of PLN 1000.
In home emergencies, the Very Helpful Package provided along with the 360° account (which is free for 12 months after the account is opened) may offer an alternative for clients who cannot afford private doctor’s visits. In such situations, the client may use as many as 7 interventions per year.
The Bank also offers preferential terms of the 360° Student account for younger clients (from 18 to 26 years of age) and the 360° Junior account for minors (from 13 to 18 years of age) who are getting acquainted with the world of finance and who cannot afford to pay for the account; in this case, one card transaction for any amount is enough to keep the account and the card free of charge.
In 2016, Bank Millennium introduced the possibility of filing applications for the child-rearing benefits under the Family 500+ Program and using the ZUS Electronic Services Platform, both through the Bank’s Internet banking channel.
WWF Millennium MasterCard Credit Card
WWF Millennium MasterCard Credit Card is a credit card, which supports protection of the natural environment. Bank Millennium transfers to WWF Polska, the largest international environmental foundation, half of the monthly fee for handling the card and a certain percentage of the amount of transactions made with the card. Additionally, the card is made using an environmentally-friendly PETG polyester which may be recycled.
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| 2016 | 2015 | 2014 | |
|---|---|---|---|
| WWF cards in the portfolio | 1 515 | 1 396 | 1 583 |
Millennium MasterCard prepaid card – learning personal finance management
The Millennium MasterCard prepaid card facilitates financial education for children from age 13 and teaches them how to spend money with reason.
This card may be re-loaded multiple times by family and friends. It may be used to execute transactions up to the amount of paid in funds. Each card user gains access to the web banking system in conjunction with the card, gaining the ability to check their spending by themselves. Parents after logging into their account may also see how their children manage the entrusted funds.
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| 2016 | 2015 | 2014 | |
|---|---|---|---|
| Prepaid cards in the portfolio | 13 390 | 10 430 | 8 214 |
Flat for the Young mortgage loan
Bank Millennium offers mortgage loans granted under the governmental Flat for the Young programme. Under the programme, the downpayment is co-funded by the state budget and additional financial support is provided as repayment of a portion of the loan.
Buyers eligible for the co-funding take out a loan to purchase an apartment to satisfy their own residential needs. The Flat for the Young loan is granted to those buying their first apartment or house; these requirements do not apply to people raising at least three children. The real property may be purchased by married couples, unmarried individuals or persons raising children on their own.
Under the Flat for the Young loan, the co-funding may reach even 30% of the downpayment amount – for the people buying an apartment or a house, who raise at least three children as at the date of filing the application.
In 2016, the Bank offered the young Polish people the opportunity to take out a loan in the MDM program under the “0% commission on mortgage loan” promotional campaign, as a result of which the cost of granting such a loan was reduced considerably.