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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 per institution.

Know your payslip

New season: everything you need to know about your payslip

Already received your payslip? Then you might have noticed that it can be a tad difficult to understand. That's why we are going to spend a whole season explaining it to you.

Let's start with chapter one.

Today we will be helping you to understand your payslip, and by that we mean the document showing the amount of money you receive from your employer each month. It contains a lot of information! But to simplify things, we can divide it into four main blocks:

1. Details of the company and of the worker

All the information on both the company and the worker.

More info

2. Earnings

Gross salary of the worker and a description of each component item.

More info

3. IRPF deductions

Deductions that are applied to your payslip, meaning the items that are subtracted from your pay.

More info

4. Net amount payable

The final net amount of money that the worker receives in his or her account, after all deductions have been made.

More info

Press pause for a moment

Let's focus on the previous chapter, because each of the blocks features different concepts. Ready to start?

Important!
Your gross salary is the sum of all the amounts you will receive, while your net salary is the money that you will ultimately receive in your account after deductions and contributions. Now let's continue with the chapter!

1. Details of the company and of the worker

This block contains all the information about the company that has hired you, as well as your own personal details:

Of the company:

Name, registered office, tax number (CIF), social security contribution code and settlement period.

Of the worker:

Name, identity number, social security contribution code, type of contract, occupational category or group, and start date at the company.

2. Earnings

Earnings include all the items that make up your salary, i.e. the total gross money you receive. Earnings fall into two groups: salary items and non-salary items.

Salary payments

The money given to you exclusively as remuneration for your work.

Base salary

The total remuneration you receive for doing your job.

Salary supplements

Extra pay items added to your base salary, such as bonuses for achieving certain goals.

Overtime

The money you earn for having worked overtime at your company, i.e. additional work outside of your normal working day.

Extraordinary payments

Extra payments, which are included in your annual salary and will never be less than 30 days of your base salary.

Salary in kind with flexible remuneration

The company may sometimes let you to use part of your salary to pay for certain services at special or discounted prices, such as restaurant vouchers or gym passes.

Non-salary items

Extra items received from your employer but which are not taxed as wages.

Compensation and allowances.

Work-related expenses that the employee has paid for out of his or her own pocket and that the company must repay in the employee's next payslip. This may include: business lunches, taxis to and from meetings, materials...

Delegated payment of financial benefits

Money paid to the worker by the social security fund or mutual insurance company when he/she is on medical leave due to incapacity for work. The company may sometimes supplement this money to ensure that the employee does not receive less than his or her salary.

Voluntary additional compensation

Where the company decides to pay the worker more than the amount envisaged in the collective bargaining agreement. In this case, the employee's gross salary will consist of his or her basic salary plus this additional compensation.

3. IRPF deductions

Deductions are the amounts withheld from your payslip, meaning the amounts subtracted from your earnings. They fall into two blocks:

Deductions for Social Security

Money that goes directly to the social security system, in order to meet the cost of its various systems and contributions for unemployment, medical leave or vocational training.

Personal income tax withholdings

The money that workers must pay to the tax office each month, i.e. the taxes for having a salary.

Withholdings vary from worker to worker:

Some of them must be applied by all employers, such as contingencies, unemployment, vocational training contributions, personal income tax, etc.

Others, however, depend on the personal circumstances of the individual worker: their marital status, whether they have children, whether they take care of people over 65, whether they have some form of disability, the type of contract they have, and so on.

4. Net amount payable

Your net salary, i.e. the exact amount that will be paid into your account.

Total earnings – Total deductions = Net amount payable

Encuentra una cuenta a la altura de tu nómina

Now that you know all about your payslip, be sure to find an account that does it justice.

The Bankinter Salary Account, an interest-bearing account with which you will have two additional free accounts¹ and one Combo Card included. In addition, if you open your Bankinter Salary Account online you can choose between a debit card or credit card³. It's very simple. During the online process we'll ask you which one you want.

And remember that you can also earn up to €680 for the first two years.

No fees

Cash withdrawals on debit and free transfers.

Remuneration of up to 5% AER² during the first year and up to 2% AER during the second year.

Maximum interest-bearing balance: €10,000. Up to 40,000 accounts.

And we take care of moving your account to us, to save you the hassle!

Find out more

You've convinced me! I want a Bankinter Salary Account. Enjoying all the benefits is now easier than ever: fully online, taking just five steps to complete.

Open salary account

Youth salary account

Are you aged between 18 and 30?

Then Bankinter's Youth Salary Account is for you. Have your salary paid directly into your account to earn exclusive benefits tailored to you.

Discover them here

And in case you have any lingering doubts,

here we answer the most commonly asked questions:

What cards are associated with the Payroll Account? See What cards are associated with the Payroll Account?

How many bills do I need to pay through my Salary Account? See How many bills do I need to pay through my Salary Account?

What are the requirements for opening a Salary Account? See What are the requirements for opening a Salary Account?

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¹
If you open a Salary/Pension/Business/Non-Salary/Youth Salary account, you can have up to two current accounts with no maintenance fee (NIR 0%, APR 0% calculated for a hypothetical daily balance of €10,000 maintained for one year). This offer is available until 31/12/2023 for both new and existing customers, and is compatible with all the other benefits of the Salary/Pension/Business/Non-Salary/Young Salary accounts. To keep the benefit you must meet the requirements of the Salary/Pension/Business/Non-Salary/Youth Salary account.
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² 5% interest-bearing accounts: Offer valid until -. For new and existing individual customers who live in Spain, who have not held a Salary/Pension/Business/Non-Salary/Youth Salary account at Bankinter in the 12 months before opening this new account and who must have never received remuneration for any of these accounts. For Salary/Pension/Business Accounts, customers must also have at least €800 of the salary/pension/professional income paid into the account per month. To take advantage of this promotion, the customer may not be the holder of more than two of the following accounts: Salary/Youth Salary Account, Pension Account, Business Account and Non-Salary Account.

The maximum interest-bearing balance is €10,000. Year 1: nominal annual interest rate of 4.94% (5% AER). Year 2: nominal annual interest rate of 1.99% (2% AER). Interest paid every six months. Example for a daily balance of €10,000 in a salary account, calculated for an interest payment period of 180 days (gross remuneration): 1st six months €243.62, 2nd six months €243.62, 3rd six months €98.14, 4th six months €98.14.

In order to earn and retain all the benefits of our Salary/Business/Pension Account, you must maintain your declared level of income and pay at least three (3) bills by direct debit per quarter. The card linked to the account must also remain active, meaning that it must be used to make at least three payments each quarter. For the Pension Account, you do not have to activate the linked credit card. For the Non-Salary account, you must pay at least 10 direct debits per quarter and spend at least €3,000 per year with the card(s) linked to the account.
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³ If you open a Salary/Pension/Business/Youth Salary account online you can choose between a credit card or debit card, with no issue or maintenance fee. This offer is available until - for new customers only and is compatible with all the other benefits linked to the Salary/Pension/Business/Youth Salary accounts.