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COVID-19. Our priority is to guarantee you safe and high-quality service.
Bankinter is closely monitoring the developments of the the COVID-19/coronavirus situation, and taking all the necessary measures to ensure that you can bank safely, normally and with the highest quality service we usually offer you.
The interests of our customers and employees are our highest priority. That is why we want to share some recommendations with you that might be very useful:
Remote banking: In line with the recent measures announced by the government to protect the health and safety of the public, contain the spread of the disease and bolster the public health system, people will only be able to use public streets for certain activities. That is why we recommend you do your banking through our remote service channels - our mobile app, bankinter.com and Telephone Banking, 902 13 23 13.
Bankinter offers you the latest technology and services for accessing your money in the easiest way, without having to leave home or use cash. With our Bizum service, you can send and request funds immediately from your computer or mobile phone, and you can pay quickly and easily using your mobile phone with Bankinter Wallet, Samsung Pay, Google Pay and Apple Pay payment services.
Bankinter branches: if you have to travel, we suggest you use our Bankinter ATM and branch finder. This week, after informing affected customers, we have limited our face-to-face services to a certain number of branches in order to protect the health of our customers and employees..
Immediate measures: we have activated an immediate shock plan to protect and support our customers affected by the exceptional circumstances caused by the COVID-19/coronavirus.
As part of this plan, the Bank has adopted the initiatives promoted by the government and official organisations:
Payment holidays on mortgages for primary residences.
Up to €100bn in ICO loans backed by public guarantees and surety.
Up to €2bn in CESCE insurance coverage for export risk.
Bankinter has also decided to take a series of specific, unique measures for our customers, including:
Deferring mortgage principal payments for families that do not meet the requirements of the Government-sponsored moratorium for up to four months (extendable in exceptional cases).
Bringing forward pension payments by five days compared to the usual date.
Using pre-authorised loans to companies for other purposes than those for which they were granted to facilitate cash flow management.
Increasing or replacing unused limits on our multi-line credit facilities for companies.
Security: do not trust emails from unknown addresses and always be suspicious if you are asked to provide personal data or access codes, unless you are using the bank's official channels.
Updated information: we will keep you regularly informed of any further developments. The Bankinter blog (blog.bankinter.com) is a consistent source of the best information and analyses on everything happening in the markets.
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 of Credit Institutions of Spain. The maximum amount currently guaranteed by this fund is €100,000 per depositor.
Offer valid until 31 December 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 salary 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 Salary 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 salary account must also be active, which means making at least three payments per quarter.
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220-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: 2.42%. 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: €188,579.14.
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 €356.62. Renewable annual insurance.
- Appraisal costs: €249.56.
Interest rate subject to the borrower holding the following Bankinter products:
- Salary Account, Business Account or Non-Salary 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 April 15, 2020 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.
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Offer valid from 01/10/2019 to 29/02/2020. 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.
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