Payroll account

IMPORTANT INFORMATION

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  ¹ 5% interest-bearing accounts: Offer valid until 30.06.2023 for new and existing individual customers resident in Spain. To apply for a Salary/Pension/Business, customers must have their salary/pension/professional income paid into the account for a minimum amount of €800 per month and those payments must not be currently paid into another Bankinter account. Customers must not have been holders of a Salary/Pension/Business/Non-Salary/Youth Salary account in the 12 months before opening the account and may not have received any remuneration for any of these accounts. To open a Non-Salary account, none of the account holders may have held a Non-Salary/Salary/Pension/Business/Youth Salary account at any time in the 12 months before opening this account and they must not have received any remuneration or return on any such account in the past. Customers may only hold one interest-bearing account and a maximum of two bonus current accounts. For these purposes, a discount-bearing current account means a current account featuring special financial terms and conditions, such as credit cards with no issuance or maintenance fees, or no account maintenance fees. Maximum interest-bearing amount: €5,000. 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 in the Salary Account of €5,000, calculated for an interest payment period of 180 days (gross remuneration): 1st six months €121.81, 2nd six months €121.81, 3rd six months €49.07, 4th six months €49.07. To earn and retain all the benefits of our Salary/Business/Pension, you must maintain your declared level of income and pay at least three direct debits out of the account 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, activation of the linked credit card is not required. 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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  ² 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 30/06/2023 for new customers only and is compatible with all the other benefits linked to the Salary/Pension/Business/Youth Salary accounts.
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  ³ 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 €5,000 maintained for one year). This offer is available until 30/06/2023 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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  ⁴ Broker 0: The service is available to holders, so all of your securities accounts will be covered by it. By signing up to the Broker 0 service, customers must make the securities in the securities accounts linked to the service available, meaning that Bankinter Broker may use them for loans at any time.
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  ⁵ Variable-Rate Mortgage: Below is an example of a variable APR calculated for a mortgage offered by Bankinter, S.A. based on the following characteristics:
  

  Loan amount: 150.000€. Term of loan: 25 years (300 monthly repayments). Variable APR: 4,64%. Monthly repayment during the first year: 599,90€. Monthly repayment during the remaining years: €806.81 and a last instalment of €804.39. Arrangement Fee: 500,00€. Total interest: 89.557,66€. Interest rate for the first year: 1,50%. (12 months). Monthly payments. Once the first year has elapsed, the interest rate will be variable and will be reviewed annually. Interest rate for the remaining yearly periods: 12-month Mortgage EURIBOR (3.534% Official State Gazette (BOE) 02/03/2023) + a spread of 0.75%. Total repayment amount €252,075.47. Total cost: 102.075,47€. This example has been calculated on the assumption that the interest rates applicable after the first review will never be lower than the initial rate.

  This variable APR was calculated taking into account:

  - Arrangement of life insurance for an amount of €150,000.00 for 25 years for a 30-year-old person. Annual premium of €164.29. Renewal annual insurance.

  - Arrangement of home insurance for €100,000 for the structure and €30.000,00 for the content, with an estimated annual premium of €306.44. Renewal annual insurance.

  -Appraisal costs: 249,56€.

  The interest rate is subject to the condition that the following products be arranged with Bankinter:

  - Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).

  - Life insurance covering the full mortgage amount, taken out with Bankinter Seguros de Vida S.A. de Seguros y Reaseguros (discount of 0.60 percentage points).

  - Seguro Multirriesgo Hogar with minimum content coverage of €30,000.00 and structure coverage equivalent to the appraisal value of the property for insurance purposes, arranged with Liberty Seguros and brokered by Bankinter, S.A., Operador de Banca-Seguros (discount of 0.30 percentage points).

  - A pension plan/EPSV have a pension plan/EPSV pension scheme in place with the company Bankinter Seguros de Vida, belonging to Bankinter, S.A. Group, for the entire term of the loan and make a minimum annual contribution of €600.00 (discount of 0.10 percentage points).

  Compliance with discounts will be reviewed annually.

  These products are optional for the customer, but if they are not arranged the rate for the fixed period and the spread for the variable period will be increased by the percentage points corresponding to the sum of each of the products not arranged. Accordingly, if none of the conditions are met: Variable APR: 5,71%. Monthly repayment during the first year: 695,81€. Monthly repayment during the remaining years: €920.07 and a final instalment of €918.45. Arrangement Fee: 500,00€. Total interest payable: €123,328.26. Interest rate for the first year: 2,80%. (12 months). Monthly repayments. After the first year, the interest rate will be variable and will be reviewed annually. Interest rate for the remaining yearly periods: 12-month Mortgage EURIBOR (3.534% Official State Gazette (BOE) 02/03/2023) + a spread of 2.05%. Total repayment amount €279,401.82. Total cost: 129.401,82€. This variable APR has been calculated on the basis of taking out a €100.000,00 damage insurance policy for the mortgaged property, as required by law and which may be taken out with Bankinter or a different provider, with an estimated annual premium of €167.96, in addition to an annual maintenance fee of €45,00 for the current account required for collection of the repayments, the arrangement fee of €500,00 and appraisal costs of €249.56.

  The monthly payments (French repayment system) are the result of raising the coefficient (1 + interest) to the power of the number of outstanding instalments in the transaction multiplied by the interest, divided by (1 + interest) raised to the power of the outstanding payments in the transaction, minus 1, all multiplied by the capital pending repayment ('interest' is understood to be the offered NIR divided by 12). The resulting instalment includes the amount corresponding to the interest (the result of dividing the interest rate by 12, multiplied by the outstanding principal) and the amount repayable (the result of subtracting the interest from the instalment).

  The variable APRs have been calculated taking into account the following:

  1. The variable APRs have 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.

  2. For mortgage agreements with clauses that allow for adjustments 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.

  3. The calculation has been made on the assumption that the benchmark rate and spread will not vary. Therefore, these variable APRs may vary as and when interest rates are reviewed and based also on the mortgage amount and term. These variable APRs have been calculated under the premise that there will be no partial or total cancellation during the time the credit facility is in place. The variable APRs do not include the costs that the customer/borrower would have to pay for any breach of their obligations pursuant to the agreement.

  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 €2,500 a month.

  If the customer does not fulfil their obligations to the Bank, in addition to the possibility of them losing the property, 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 15-04-2023 or until the amount offered (750 million euros) has been reached.

  The loan amount may not exceed 80.00% of the lower of these two values: The property purchase value or appraisal value. For second homes, the maximum amount is 60.00%. The maximum mortgage term is 30 years, provided that none of the holders is over 75 years old at the end of the term.

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  ⁶ Transfer of Pension Plans: Offer valid from 01/03/2023 to 30/04/2023. The bonus is 3.5% gross of the net balance of incoming and outgoing transfers requested during the promotion period for transfers of pension plans of €60,000 or more (2.5% gross for transfers of pension plans of €30,000 or more and less than €60,000, and 1.5% gross for transfers of pension plans of less than €30,000 and €1,000 or more). It will be paid on 31 May 2023 (except for transfers which, due to administrative delays at the issuing banks, reach Bankinter after 20 May 2023). If you transfer your pension plan and at the same time you set up a regular monthly contribution of €100 or more for at least 24 months, and the first contribution is made between March and April 2023, you will receive an extra bonus of 1.5% of the amount transferred: 5% gross for transfers of pension plans equal to or more than €60,000 or 4% gross for transfers of pension plans if the amount is equal to or more than €30,000 and less than €60,000, or 3% gross for transfers of pension plans if the amount is less than €30,000 and equal to or more than €1,000. The maximum bonus will be €7,000 gross. The pension plan must remain with Bankinter for at least seven years (until 30/04/2030). 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: Bankinter Roboadvisor Conservador, Bankinter Roboadvisor Moderado and Bankinter Roboadvisor Dinámico. If, during the minimum contract period, the customer reduces their existing vested/economic rights on the date of this bonus campaign, whether through the total or partial transfer to another bank, the transfer of the Roboadvisor pension plans stated above or the redemption of your vested/economic rights, you will be obliged to return the total gross amount of the bonus received.