BK Payroll Account

Important information

• Terms and conditions of the promotion

• Legal text, Note: ¹ 5% Youth Salary Account: For new and existing customers who have not held a Salary/Pension/Business/Non-Salary/Youth Salary account in the 12 months before opening this new account and who have never received interest on any of these accounts.
  
  

  A customer can only be the holder of one 5% interest-bearing account and a maximum of two Salary/Youth Salary, Pension, Business and Non-Salary accounts.

  To access and maintain the benefits of the youth salary account, the following requirements must be met:

  Have your salary (amounting to at least €500 per month) paid into the account and make three payments per quarter with the linked card.

  The maximum interest-bearing balance is €6,000. 1st year: nominal annual interest rate of 4.94% (5% AER). 2nd year: nominal annual interest rate of 1.99% (2% AER). Semi-annual settlement. Example for a daily balance of €6,000 in a salary account, calculated for an interest payment period of 180 days (gross remuneration): First six months €146.17, second six months €146.17, third six months €58.88, fourth six months €58.88.

  Promotion valid until -. For individuals living in Spain.

• Legal text, Note: ² “Invite a friend” campaign: Promotion valid until 31 May 2021 with a limit of five new customers with an active Salary account (minimum income of €800) or an active Bk Salary account (minimum income of €500) per existing customer, and a maximum of 1,000 new customers in total. This campaign is intended for individuals who live in Spain and have not already benefited from this remuneration. New customers have three months from opening the Salary account or Bk Salary account to make their first deposit, which must be at least the amount declared as their income (cash deposits are not acceptable for this purpose). The Salary account or Bk Salary account must remain active for the following 12 months. Payment of the €50 to the friend and the existing customer will be made the day after the account is activated. The recipient will be required to pay the relevant taxes on the bonus payment as well as any tax withholding or payment on account that Bankinter may be legally required to make. Bonuses qualify as a monetary yield subject to tax withholding and payment on account. As monetary income, the withholding tax base will be calculated by increasing the acquisition value or cost for Bankinter by 20%. Bankinter will carry out the withholding and payment on account in line with the applicable law at the time. If the terms and conditions agreed in this commercial campaign are not met and both the existing customer who extends the invitation and the new customer therefore have to “return” all or part of the sums already settled, their account will be debited for the gross amount they received. All of the above is without prejudice to any specific tax law and regulations in effect in Navarre and the Basque Country. Accounts opened by new customers as a result of this promotion will be understood to be located at the same branch where the existing Bankinter customer holds their current account. This promotion cannot be combined with any other offers or promotions.

• Legal text, Note: ³ 5% interest-bearing accounts: For new customers or existing customers who are not or have not been holders of a Salary/Pension/Business/Non-Salary/Youth Salary Account in the past 12 months and who have not received any interest on any of these accounts.
  

  You can only hold one 5% interest-bearing account and a maximum of two Salary/Youth Salary, Pension, Business and Non-Salary Accounts.

  The following requirements must be met to take out and continue to qualify for the benefits of the 5% interest-bearing accounts:

  For the Salary/Business Account, the customer must set up a direct deposit of their salary/business income for a minimum amount of €800 per month, pay 3 direct debits per quarter and make 3 payments with the associated card per quarter.

  For the Pension Account, they must set up a direct deposit for their pension for a minimum amount of €800 and pay 3 direct debits per quarter.

  For the Non-Salary Account, they must spend an annual amount of €3,000 with the card(s) associated with the account and pay 10 bills/quarter.

  Maximum interest-bearing balance: €10,000. 1st year NIR of 4.94% (5% APR). 2nd year: NIR of 1.99% (2% APR). Interest paid every six months. Example for a daily balance of €10,000 held in a salary account, calculated for an interest settlement period of 180 days (gross return): first six-month period: €243.62; second six-month period: €243.62; third six-month period: €98.14; fourth six-month period: €98.14. Total interest (first year): €487.24. Total interest (second year): 196,28€.

  Promotion valid until -. For individuals and residents of Spain.

• Legal text, Note: ⁴ ATMs: Bankinter will not charge you any fees when you withdraw cash with your debit card, no matter the amount, provided you use a Bankinter ATM or an ATM belonging to any of the following banks: Grupo Cajas Rurales, Deutsche Bank, Grupo Cajamar, Laboral Kutxa, Banca March, Euro Automatic Cash, Euronet and the entire Euro 6000 ATM network: Cajasur, CECABANK, Cashzone, Caixa Ontinyent, Colonya Caixa Pollença, ABANCA, Ibercaja, Kutxabank and Unicaja.

• Legal text, Note: ⁵ Combo card: card issued and financing offered by Bankinter Consumer Finance, E.F.C., S.A., a hybrid payment entity with a safeguard system consisting of the deposit of the funds in a separate current account opened at Bankinter, S.A., registered with Banco de España under number 8832, with registered office at 12 Avda. de Bruselas, 28108 Alcobendas, Madrid, recorded in Volume 22,729, Folio 181, Sheet No. M-259543 of the Madrid Companies Register, and with Tax ID Number A82650672.