This number is indicative of the risk of the product, with 1/6 indicating low risk and 6/6 high risk.
Unicaja Banco, S.A. is a member of the Deposit Guarantee Fund for Credit Institutions created by Royal Decree-Law 16/2011, of 14 October, covering a maximum amount of €100,000 (or, in the case of deposits not denominated in euros, the equivalent in the relevant currency) per depositor and credit institution.
Risk score related to the Account
An account for your basic transactions
The Basic Payment Account makes consumers' access to essential banking services easier like, for instance, getting a salary deposited directly into an account, receiving government aid or withdrawing money from an ATM.
Account for natural persons, for private use
This account may only be held by natural persons who are legally resident in the European Union, as well as asylum applicants or persons who do not hold a resident’s permit, but whose expulsion is not possible for de jure or de facto reasons, who do not hold a payment account in Spain¹.
A basic account for common operations
This allows the following operations to be performed: opening, use and closing an account, deposits, transfers (including permanent orders), bill standing orders, cash withdrawal at branches or automatic tellers in the EU, and making payments with debit or prepaid cards, including online payments.
The basic payment account can be free in cases where customers can demonstrate through documents that they are in a state of vulnerability or at risk of financial exclusion.
In order to be entitled to a free basic payment account, all holders and authorised persons must meet the following conditions:
Join more than 4 million customers
Informative documents
The maximum, single and joint fee which Unicaja may charge the holder of a basic payment account will amount to three euros a month.
Said amount will cover:
The staff at any Unicaja branch will explain what documents you need to submit to prove you are in a situation of vulnerability and/or at risk of financial exclusion.
Unicaja has a maximum time limit of 30 days as from the time you submit all the documents to either accept or reject your application.
Non-interest bearing account, annual percentage interest rate of 0.00% (AER from 0.00% to -3.541%)4.
Free Basic Payment Account scheme for people in a situation of vulnerability or at risk of financial exclusion.
Unicaja cannot require payment of an account maintenance fee where all the Basic Payment Account's holders are in a special situation of vulnerability or at risk of financial exclusion, can duly prove said situations and Unicaja acknowledges such situations according to the provisions set forth in Royal Decree 164/2019 of 22 March establishing a free basic payment account scheme to benefit people in a situation of vulnerability or at risk of financial exclusion. This free scheme shall be subject to periodic reviews pursuant to said legislation.
In this regard, all the holders must meet the following requirements during the entire time they intend to benefit from the free scheme:
a) Gross economic income per family unit calculated on an annual basis may not exceed the following thresholds:
1.º In the case of people who do not form part of any family unit, thrice the Public Income Indicator for Multiple Purposes for twelve payments in force at the time the application is filed.
2.º In the case of people who form part of any kind of family unit made up of less than four members, three and a half times said indicator.
3.º In the case of family units made up of four or more members or which are recognised as a numerous family according to prevailing legislation, four times said indicator.
4.º In the case of family units having a person suffering from a disability equivalent to or exceeding 33 per cent, as officially recognised by a resolution issued by the Institute for the Elderly and Social Services or by the competent agency of the regional authorities, four times said indicator.
b) No members who make up the family unit may hold any direct or indirect titles of ownership or rights in rem on any real property, apart from the main residence, or be the actual owners of any companies.
c) Is a victim of trafficking or sexual exploitation, in which case they will be exempt from meeting the requirements of sections a) and b)
* In order to determine the concept of "family unit" in its various forms, the provisions set forth in Article 82 of Act 35/2006 of 28 November on Personal Income Tax and partially amending the Corporation Tax, Non-Residents' Income Tax and Wealth Tax Acts shall apply, though for the purposes set forth in the aforementioned Royal Decree 164/2019, civil partnerships formed in accordance with the legal requirements that apply to them shall be dealt with in the same way as spouses who are not legally separated.
Necessary documents
The following information on all the people who make up the family unit must be filed:
a) Number of people who make up the family unit, which shall be proven by filing the family register or a document proving registration as a civil partnership.
b) Income received by the family unit's members, which shall be proven by each of its members filing any of the following documents:
1.º Certificate of income and, where appropriate, certificate of having filed a Wealth Tax return referring to the last fiscal year issued by the State Tax Administration Agency or by the regional authority's competent agency.
2.º Last three pay slips received.
3.º Certificate issued by the unemployment benefits or subsidies agency, indicating the monthly amount received for said items.
4.º Certificate proving social income, minimum income for integration or any similar social assistance aid granted by regional and local authorities.
5.º In the case of self-employed workers, certificate issued by the management agency, indicating the monthly amount received if the applicant is receiving cessation of trading benefit.
Where the aforementioned documents are unavailable, a report must be filed indicating the family unit's composition or justifying its suitability for access to a free basic payment account, as appropriate. This report must be issued by the social services of the local authority where the applicant is registered. In the case of being a victim of trafficking or sexual exploitation, it may be accredited through the unified accreditation model issued by social services or an entity specialized in the matter.
The applicant shall be given written notice of the free Basic Payment Account's approval or denial at no charge within a maximum time limit of thirty days as from the date the documents containing the aforementioned information have been filed by the applicant. If said time limit elapses without Unicaja having given the applicant notice thereof, the free basic account shall be deemed to have been approved.
Duration of the free Basic Payment Account
The free Basic Payment Account shall be maintained for a two-year period as from the date its approval comes into force, unless the institution is able to prove that the customer is no longer part of a vulnerable group or at risk of financial exclusion. The free Basic Payment Account shall be extended for successive two-year periods if it is proven within the time limits set forth that the situation of special vulnerability or risk of financial exclusion persists. If it has been impossible to obtain the information required from the customer or it turns out that any of the circumstances required are not met after the renewal of information application is filed, the customer shall lose entitlement to the free Basic Payment Account.
Related products and services
Digital Banking
Access your Unicaja accounts and products by computer. The perfect tool to manage your day-to-day finances.
Mobile Banking
Immediate access to your Unicaja accounts and products. Consult and perform banking operations wherever you are.
(1) The holder(s) and, where appropriate, the authorised party(ies) must declare that they do not hold a payment account at another Spanish banking institution in order to subscribe this account.
(2) The staff at any Unicaja branch will inform you of the documents you will have to submit.
(3) When cash withdrawals are made from ATMs, the institution may pass on to the customer any fees or expenses that must be paid to another institution pursuant to the provisions set forth in the Second Additional Provision of Royal Decree-Law 19/2018 of 23 November on payment services and other urgent measures on financial matters.
(4) Typical examples of the Basic Payment Account: Annual percentage interest rate of 0.00%.
AER of -1.193%, calculated for a case where an average balance of €3,000 is kept constantly for a year and a maintenance and administration fee of €3 a month is charged;
AER of -3.541%, calculated for a case where an average balance of €1,000 is kept constantly for a year and a maintenance and administration fee of €3 a month is charged.
In the cases described above, the AER would vary depending on the average balance held in the account.
AER of 0.00% in the case of customers in a situation of vulnerability or at risk of financial exclusion, calculated for a case where an average balance of €1,000 is kept constantly for a year and a maintenance and administration fee of €0 a month is charged.
Article 8(f) of Order ECE/228/2019 of 28 February on basic payment accounts, the payment account transfer procedure and requirements for comparative websites envisages the possibility of the customer using an alternative dispute or litigation resolution procedure.
Acquiring other products or services from the institution is not obligatory to have a basic payment account.
Can we help you?
Also at 952 60 67 67 or through the contact form.
Our telephone service hours are Monday to Saturday from 8:00 a.m. to 10:00 p.m. (except national holidays).
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