Payroll account

IMPORTANT INFORMATION

• Show/Hide legal text
  ¹ Offer valid until 31 March 2020 or up to a maximum of 40,000 new accounts. Exclusively for new customers with a salary of at least €1,000. Maximum interest-bearing balance is €5,000. First year: nominal annual interest rate of 4.94% (5% AER). Second year: nominal annual interest rate of 1.99% (2% AER). Interest paid every six months. Example: for daily balance of €5,000 in a professional/pension/payroll account, calculated with an interest payment period of 180 days, gross interest paid: 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 benefits of our Payroll Account, you will need to maintain the declared level of income and pay at least three direct debits per quarter. The card linked to the payroll or businness account must also be active, which means making at least three payments per quarter. The credit card linked to the pension account does not need to be active.
• Show/Hide legal text
  ² 20-year fixed-rate mortgage: Here is an example of an APR mortgage offered by Bankinter, S.A. based on the following characteristics:
  
  Mortgage amount: €150,000. Mortgage term: 20 years (240 monthly repayments). APR: 2.41%. Monthly repayment for 20 years: €737.00. Final repayment: €736.98. Arrangement fee: 500 €. Total interest: €26,879.98. Interest rate: 1.69% (240 months). Monthly repayments. Total amount repayable: €188,326.14.
  
  This APR has been calculated taking into account:
  
  - A 20-year life insurance policy with coverage of €150,000 for a 30-year old person. Annual premium of €190.86. Renewable annual insurance.
  
  - Home insurance policy with coverage of €100,000 plus home contents insurance for €30,000, and an estimated annual premium of €343.97. Renewable annual insurance.
  
  - Appraisal costs: €249.56.
  
  Interest rate subject to the borrower holding the following Bankinter products:
  
  - Payroll Account, Business Account or Non-Payroll Account (discount of 0.50 percentage points).
  
  - Life insurance covering 100% of the mortgage amount, taken out with Bankinter Seguros de Vida, S.A. de Seguros y Reaseguros (discount of 0.60 percentage points).
  
  - Comprehensive home insurance with a minimum home contents coverage of €30,000 and structure coverage equivalent to the appraisal value of the property for insurance purposes, taken out with Línea Directa Aseguradora, S.A. and brokered by Bankinter, S.A., Operador de Banca-Seguro (discount of 0.10 percentage points).
  
  - Pension Plan/EPSV: Have a pension plan/EPSV in place with Bankinter Seguros de Vida, belonging to Bankinter, S.A. Group, for the entire mortgage term and make a minimum annual contribution to it of €600 (discount of 0.10 percentage points).
  
  These products are optional for the customer, but if they are not purchased the above rate (1.69%) will be increased by 1.30% corresponding to the sum of each of the products not purchased. Accordingly, if none of the conditions are met the fixed interest rate will be 2.99% (APR 3.36%). Monthly repayment for 20 years: €831.15. Final repayment: €829.67 . Total interest: €49,474.52. Total amount repayable: €204,863.68. This APR has been calculated on the basis of taking out with Bankinter or a different provider the legally required home insurance policy for €100,000, with an estimated annual premium of €186.98, in addition to an annual maintenance fee of €45 for the current account required for collection of the repayments, the arrangement fee of €500 and appraisal costs of €249.56.
  
  The resulting monthly repayments (French repayment system) are the result of the coefficient of (1 + interest) raised to the power of the term of the financial arrangement multiplied by the interest, between (1 + interest) raised to the power of the term of the financial arrangement, minus 1, all multiplied by the outstanding capital (where "interest" refers to NIR offered divided by 12). The resulting repayment includes the amount corresponding to the interest (the result of dividing the interest rate by 12, multiplied by the outstanding capital) and the repayment (the result of subtracting the interest from the repayment).
  
  The APRs have been calculated taking into account the following:
  
  · The APR has been calculated based on the credit facility remaining in place for the agreed term and the borrower and the lender fulfilling their obligations under the terms and conditions agreed in the mortgage agreement.
  
  · For mortgage agreements with clauses that allow for amendments to be made to the debit rate and, where applicable, to the costs included in the variable APRs that are not quantifiable when the calculation is being made, the variable APRs will be calculated based on the premise that the debit rate and other costs will remain unchanged with regard to the level set at the time the agreement was signed.
  
  · These APRs may vary depending on the transaction's amount and term. These APRs have been calculated on the assumption that there will be no partial or total cancellation of the mortgage. The APRs do not include the costs which the customer/borrower would have to pay for the breach of any of the obligations in the mortgage.
  
  The mortgage is provided subject to the application being approved by Bankinter, S.A. This mortgage offer is subject to the condition that the borrowers have a total income of over €2,000 a month.
  
  If customers do not fulfil their obligations to the Bank, they may lose the mortgaged property and their liability and that of any other parties involved in the transaction will extend to all of their present and future assets.
  
  Offer valid until 17 December 2019 or until the amount offered (€25 million) is reached.
  
  The mortgage amount may not exceed 80% of the lesser of these two values: the property's purchase value or appraisal value, and up to 60% for a second home. Maximum mortgage term: 20 years.
• Show/Hide legal text
  ³

  Offer valid from 01/10/2019 to 31/01/2020. The bonus is 3% gross for transfers of pension plans equal to or greater than €30,000 (2% for transfers from 1.000 to 30.000€) of the net balance of incoming and outgoing transfers requested during the promotion period. It will be paid on 28 February 2019 (except for any which, due to administrative delays at the issuing bank, reach Bankinter after 20 February 2020).

  If you transfer your pension plan and also set up a regular contribution of at least €100 per month, and the first contribution is made during the promotion period, you will receive an extra bonus of 1% of the amount transferred: 4% gross for transfers of pension plans equal to or greater than €30,000 or 3% gross for transfers of pension plans if the amount is less than €30,000 and equal to or greater than €1,000.

  The pension plan must remain with Bankinter for at least six years. The maximum bonus amount is €5,000.

  The payment of this bonus is considered to be capital gains and the gross amount is therefore subject to personal income tax. Consequently, the amount credited to your account will be the resulting net amount.

  This offer does not apply to transfers of the following pension plans: Conservative Global Popcoin FP, Moderate Global Popcoin FP and Dynamic Global Popcoin FP.