And now you can ask for much more with our pension account
Free credit card
Enjoy our Combo card for free. You'll be able to withdraw cash without a fee from more than 14,000 ATMs.2Worry-free service
If you're thinking about the hassle involved in moving your account, there's no need to worry—Bankinter will change all your direct debits for you
Free national transfers
You won’t pay any fees on national transfers made through www.bankinter.com, or when you pay cheques into your account.
Combo card
The best card wherever you look
- Two cards in the same piece of plastic
- Combo 1: For your day-to-day shopping
- Combo 2: For everything else
You've earned it, now start earning a return on your retirement.
More services, more advantages
Thinking about switching banks? Come to Bankinter and we'll help with all the arrangements.
See Account conditions Account conditions
Pension Account Conditions
The interest paid on the pension account is 4.94% nominal in the first year (5% AER). During the second year, the nominal remuneration will be 1.99% (2% APR). The AER has been calculated taking into account that the Payroll Account has no fees. The amount resulting from each half-yearly settlement will be subject to the withholding percentage stipulated in tax regulations, as it is treated as a capital gain.
The maximum daily balance for interest payment will not be higher than €5,000, no matter if there is more than one direct debit pension in the same account.
Interest will begin to be paid on the account as soon as the first pension income equal to or greater than the amount declared in the application is registered.
Requirements to enjoy the advantages of the promotion
Open a pension account in Bankinter always within the promotion dates. You must be an individual, resident in Spain, who does not have, or has not previously had accounts with Bankinter, either on your own or jointly. You must therefore be a new customer. These accounts must be opened simultaneously with the registration of the customer.
Register as a customer and open your Pension Account before the end of the promotion period.
The income to be received as a pension must be at least €1,000 net per month.
You need to have arranged at least three direct debits a quarter in your Pension account.
You must make a first payment into your Pension Account within no later than two months. If you don’t pay anything into the account after that period, the account will no longer be a Pension Account and you will lose the associated advantages, products and services.
This promotion is not available to Bankinter Group employees and agents.
Pension Account requirements
Pension income is considered valid if it is received by cheque or transfer, but not if it comes from the account holder. Cash income is not taken into account and the sum of the pensions is accepted.
See FAQs FAQs
What documentation do I need to open my Payroll Account?
Photocopy of the tax ID number (NIF) of the owners of the account.
Photocopy of the last payroll.
What do I have to do to move my direct debits to my new account?
Very little. You just have to provide us with a copy of each of them and sign the authorisation document to change the direct debit. The bank will take care of the rest. You can do this in any of our branches or using Telephone Banking, by providing us with the data: 902 13 23 13
Can I withdraw cash with my card?
You can withdraw cash from your account without a fee2 from more than 14,000 ATMs, In all: Bankinter, red Euro 6000, Banco Popular, Grupo Cajas Rurales, Deutsche Bank, Grupo Cajamar, Laboral Kutxa, Banco Pastor, Banca March, Targo Bank and Euro Automatic Cash.
Can I have a cheque book?
Yes, you can request one at no charge.
Can a customer have more than one Pension Account?
Yes, meeting the requirements of both accounts, up to a maximum of two Pension Accounts (the holder who receives the payment has to be indicated; a person can only be included in an account as a holder who receives payments) or a Pension Account + a Non-Payroll Account. A customer may only be the holder of one interest-bearing account and a maximum of two bonus current accounts. For these purposes, a bonus current account is understood to be a current account that has special financial conditions such as free credit cards and no fees. This limit will also apply to any other interest-bearing or bonus account, or account with special conditions, that Bankinter may offer in the future.
Important information
- See list of the typical services linked to a payment account
- Pension Account Fee Information Document
- VIEW PENSION ACCOUNT PRE-CONTRACT FACTSHEET
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Show/Hide legal text1 Promotion valid until 31 March 2020 or up to a maximum of 40,000 new accounts. Exclusively for new customers with a pension of at least €1,000. A customer may only be the holder of one interest-bearing account and the holder of no more than two bonus current accounts. For these purposes, a current bonus account is understood as a current account which has special economic conditions such as free and no‐fee credit cards. The maximum interest-bearing balance is €5,000. First year: annual nominal interest rate 4.94% (5% AER). Second year: annual nominal interest rate 1.99% (2% AER). Interest paid every six months. Example for a daily business account balance of €5,000, calculated for an interest payment period of 180 days (gross return): 1st six months €121.81, 2nd six months €121.81, 3rd six months €49.07, 4th six months €49.07. To access and keep the advantages of our pension account, you will need to pay at least three direct debits per quarter but the credit card linked to the account does not need to be active.
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Show/Hide legal text2 Bankinter will not charge you any fees for debit card cash withdrawals, regardless of the amount withdrawn, as long as you take out the cash at any Bankinter ATM or those of any of the following banks: Grupo Cajas Rurales, Deutsche Bank, Grupo Cajamar, Laboral Kutxa, Banco Pastor, Targo Bank and Euro Automatic Cash and the entire EURO 6000 ATM network: CajaSur Banco, EVO Banco, CECABANK, CARDTRONICS, Caixa Ontiyent, Liberbank, Liberbank Banco de Castilla-La Mancha, Colonya Caixa Pollença, ABANCA, Ibercaja, Kutxabank, Unicaja and EspañaDuero.