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This number indicates the product risk, where 1/6 represents the least risk and 6/6 the greatest risk.
Bankinter, S.A. is a member of the Deposit Guarantee Fund for Credit Institutions of Spain. The maximum amount currently guaranteed by this Fund is 100,000 euros per depositor.

BASIC PAYMENT ACCOUNT1

A basic account for special situations.

This lets you carry out everyday banking operations like making deposits, ordering transfers, setting up direct debits, withdrawing cash and paying for purchases with a debit or prepaid card
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Who can open a Basic Payment Account?

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To open a basic payment account, you can't have an account at any other bank and you need to be:

  • You can only use the basic payment account for personal transactions. It is not valid for business or professional transactions..
  • To open a basic payment account you must be a new customer and not have an account at any other bank.
  • The account holder must be in one of the following three situations:
  • A resident of the European Union, even if you have no fixed abode.
  • An asylum seeker.
  • Someone who doesn't have a residence permit but is not liable to deportation for matters of law or fact.
  • You don't need to subscribe to any other products or services to open a basic payment account.

What fees does the Basic Payment Account have?

  • Basic payment account: (Regulated by Ministerial Order ECE/228/2019 of 28 February).
  • Annual interest rate 0%
  • Account maintenance fee of €3/month, which will lead to variations in the AER as a result of variations in the average balance of the account.

Here are two typical examples:

NIR 0%, AER -0.72% calculated for the example scenario for a daily balance of €5,000 kept for one year, without any interest payment and with a maintenance fee for the stated amount.

NIR 0%, AER -1.20% calculated for the example scenario for a daily balance of €3,000 kept for one year, without any interest payment and with a maintenance fee for the stated amount.

Plus

Which account is best for me?

Compare our accounts and find out which one is best for you, your job and your income.
Account comparison tool

Not sure how our Salary Account yields interest?

You know the Salary Account is fee-free but you're not sure how it yields interest. We'll explain!
Salary Account yields

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En tan solo 5 pasos podrás abrir una Cuenta Nómina sin comisiones. ¡Y además llévate hasta 340€el primer año!
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Ver Terms and conditions Terms and conditions

Terms and conditions

 

Requirements

  • The basic payment only enables common transactions within the personal environment; it is not valid for transactions in employment or professional contexts.
  • To open a basic payment account, you must be a new customer with no account at any other bank.
  • The account holder must be in one of the following three situations:
    • A resident of the European Union, even if they have no fixed abode.
    • An asylum seeker.
    • A person without a residence permit who is not liable to deportation for legal or factual reasons.

Ver FAQs FAQs

Can I apply for a credit card?

Yes, but the bank will consider risk criteria when deciding whether to grant the card. If it is granted, it will have a maintenance fee.

Can it have more than one holder?

Yes, but all holders need to fulfil certain terms and conditions.

Can I turn a current account into a basic payment account?

No, one of the legal requirements to open a basic payment account is that you don’t have any other account in any credit institution.

If I am not a resident in Spain, can I open a basic payment account?

Yes, as long as you are a resident of the European Union.

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