Bankinter launches campaign for pension plan transfers with cash bonuses of up to 3.5%
• Pension plans transferred from other financial institutions between 1 May and 7 July will receive a cash bonus on 4 August 2017.
• The campaign also includes an additional 50 EUR bonus for customers who contribute more than 3,000 EUR to their pension plans.
Bankinter is running its new pension plan and ‘EPSV’ campaign until 7 July. As usual with this type of initiative in Bankinter, this campaign will focus its strategy on providing cash bonus incentives for pension plans it receives from other financial institutions.
These bonuses may be for as much as a gross 3.5% of the transferred amount if customers transfer 60,000 EUR or more.
Bonuses will be for 3% on transfers of between 1,000 EUR and 60,000 EUR (provided that customers agree to make regular contributions of over 100 EUR each month); and on transfers of 8,000 EUR and 60,000 EUR to delegated pension fund investment portfolios.
Lastly, customers who only transfer between 1,000 EUR and 60,000 EUR will receive a gross 2% cash bonus.
Bonuses will be deposited on 4 August 2017.
The new campaign also includes an additional bonus of 50 EUR for customers who contribute over 3,000 EUR to their pension plans.
In order to earn these bonuses, Bankinter requires customers to keep transferred funds in the bank for a minimum period of five years. During this period, customers may redeem or transfer their pension plans/EPSVs; however, they must return their cash bonuses as a penalty.
With this campaign, Bankinter aims to ‘de-seasonalise’ the marketing of a product that usually peaks in sales during the final months of the year by providing incentives for regular contributions made throughout the year.