Banks
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ING launches four month deposit with 3 percent TAE and no minimum
ING has raised the stakes in the savings market with a four month deposit at 3 percent TAE, open to both new and existing clients. No minimum amount is required, and up to 50,000 euros can be deposited. Early withdrawal is penalty free but reduces the interest rate.
Vice President of Bank of America Killed in Times Square Stabbing
Erin Piacenti, a 32-year-old Bank of America vice president, died after being stabbed in Times Square. The attacker was shot by police. The incident is being treated as an unprovoked assault.
Euribor Surge Drives Shift to Mixed-Rate Mortgages and Longer Terms in Spain
Spanish mortgage rates have climbed above 3% as the Euribor rises. Buyers are turning to mixed-rate loans and extending repayment to 25 years. Monthly payments remain high, but total interest costs are soaring.
Tax Agency Tightens Oversight on Cash Deposits With €500 Notes
Spain’s Tax Agency will now monitor all cash deposits involving €500 notes. Banks must report any suspicious activity, regardless of the amount. The move targets tax evasion and unreported income.
Spain Delays Ban on Unapproved Credit Card Limit Increases
Spanish banks can still raise credit card limits without explicit customer consent, as the government’s proposed law remains in draft form. The EU’s November 2026 deadline looms, but for now, unilateral credit increases are not yet prohibited.
Monte dei Paschi Counters Intesa Sanpaolo With Dual Takeover Bid
Monte dei Paschi di Siena launches a €34 billion bid for Banco BPM and Banca Generali. The move aims to block Intesa Sanpaolo’s acquisition attempt. Market reaction remains cautious amid doubts over the deal’s success.
Bizum Pay Hits 1.6 Million Terminals but Lags in Spanish Stores
Bizum Pay is now compatible with over 1.6 million payment terminals in Spain. Yet, most physical stores have not activated the service. Shoppers face delays as retailers hesitate to implement the new system.
Caregiver Arrested in Castellón for Withdrawing €24,000 from Elderly Woman’s Account
A caregiver in Castellón has been detained for allegedly taking €24,000 from the account of an elderly woman she looked after. The case came to light when the family noticed irregular withdrawals after the woman’s death.
Guardia Civil Dismantles Major Bank Robbery Gang Across Eight Provinces
A criminal group targeting banks and gaming halls in eight provinces has been dismantled. Five suspects, Spanish and Serbian nationals, are now in custody. The operation clarifies 52 serious crimes and recovers stolen cash.
BBVA Launches Bizum Pay for In-Store Payments on Android
BBVA has enabled in-store payments with Bizum Pay directly from its banking app, offering Android users a new way to pay without cards or cash. The rollout is limited to compatible payment terminals and does not yet support iOS devices.
ECB Unveils Finalists for New Euro Banknotes: Culture or Nature
The European Central Bank has revealed two competing designs for new euro banknotes. Citizens can now vote between cultural icons and natural landscapes. The final choice will shape euro bills from 2027.
Bank Scam Network Dismantled After Massive Data Theft in Spain
Spanish police have arrested 13 people in a major crackdown on a bank fraud ring. The group used stolen data from half a million users. Nearly 2,000 victims have been identified so far.
Police Recover €9,300 Lost in Valladolid 'Smishing' Scam
A Valladolid resident was deceived into transferring over €9,300 in a 'smishing' scam. Police identified a suspect acting as a 'money mule' and recovered the funds. The case highlights ongoing risks of digital banking fraud.
Santander Chief Warns EU Overregulation Is Hurting Spanish Competitiveness
Santander president Ana Botín criticizes excessive EU regulation at the ICEX forum in Madrid. She calls for smarter rules to boost European business competitiveness. Economy Minister Carlos Cuerpo acknowledges the challenge.
Why IBAN and SWIFT BIC Codes Matter for Secure International Transfers
Transferring money across borders safely depends on two key codes: IBAN and SWIFT BIC. Understanding their purpose and how to find them can prevent costly mistakes and delays in international banking.
Family with Young Child Evicted in Vallecas After Failed Negotiations
A family in Puente de Vallecas was evicted after months of delays. Activists responded by occupying a CaixaBank branch. The only housing offered was temporary shelter, sparking criticism from support groups.
ING introduces 3.5% three-month deposit for new funds
ING launches a three-month deposit at 3.5% TAE for new money, available until June 30. The offer comes as banks adjust savings rates after the ECB's rate hike. Maximum investment is 50,000 euros.
CNMC Investigates Spain's Six Largest Banks Over Fixed-Rate Mortgage Pricing
Spain's competition authority has launched a probe into the country's top banks. The investigation centers on alleged coordination of fixed-rate mortgage prices. The outcome could lead to significant penalties for the sector.
BBVA, Santander, Bankinter and Deutsche Bank attract clients with new bonuses
Spanish Banks Launch Salary Race: Who Pays What for Switching Accounts. Spanish banks are offering record bonuses for transferring salaries or pensions. BBVA, Santander, Bankinter, and Deutsche Bank are competing for new customers by promising cash rewards, higher interest rates, and free services. The terms of these promotions vary significantly.
Why Revolut and N26 Can’t Fully Replace Traditional Banks
Neobanks in Spain Face a Barrier: Without Integration with Government Agencies, Growth Is Impossible. In Spain, digital banks aspire to become the primary financial tool for clients. However, without direct access to systems like Hacienda, SEPE, and Seguridad Social, they remain merely a convenient supplement. We explore what prevents neobanks from taking a central place in the lives of Spaniards.
What Are Banks Hiding Behind TV and Smartphone Promotions?
Bank gifts: why free gadgets and money may lead to taxes. Banks attract clients with gifts — from cash to electronic devices. But these pleasant bonuses often come with a tax obligation: the gift must be declared, and a portion of its value paid to the state. How to avoid pitfalls and what to check in advance — in our analysis.
Mid-sized and online banks compete for deposits, while major players are slow to change terms
Spanish Banks Raise Deposit Rates: Why This Worries the ECB. Interest in bank deposits is rising again in Spain, with some banks offering up to 3% per annum to attract clients. However, the European Central Bank warns that excessive savings in accounts could create problems for future pensions and the economy.
Fake Lidl Stores Target Shoppers Across Spain
INCIBE warns: Scammers posing as Lidl website steal personal data. A new wave of online fraud is sweeping Spain: fake Lidl websites lure shoppers with low prices and request personal and banking information. INCIBE experts explain how to avoid falling for the scam and what to do if you've been deceived.
The bank launches a major campaign with payouts for salaries, pensions, and utilities
Unicaja offers up to 900 euros to new customers for opening an online account. Unicaja has announced a new promotion: up to 900 euros in the first year for those who open an online account, transfer their salary or pension, and set up utility payments. The offer is valid until the end of June 2026 and is available exclusively to new customers.
What to do if your loan or rental is blocked because of ASNEF
How to Find Out for Free If You Are on the ASNEF List and Quickly Remove Your Data. You can end up on the ASNEF list even because of a small debt, and the consequences can be serious: loan rejection, difficulties with renting, and even issues with service providers. We explain how to check your status in the register for free and what steps to take to remove your information.
Выплаты по безработице в мае 2026: даты зависят от банка
Выплаты по безработице в мае 2026: даты зависят от банка. В мае 2026 года выплаты по безработице вновь не будут приходить всем получателям одновременно. Дата поступления денег зависит не только от графика SEPE, но и от политики конкретного банка. Разбираемся, как это устроено и что важно учитывать.
Why Small Businesses Choose Cash Despite the Cashless Trend
Bar Owner in Galicia Refuses Card Payments to Safeguard Profits. The owner of O Galeón bar in Catoira has stopped accepting card payments altogether to avoid paying bank commissions. His decision highlights growing discontent among small business owners over the costs of electronic transactions.
Clients with multicurrency loans will receive recalculations in euros
Spanish Supreme Court Invalidates Barclays Foreign Currency Mortgage Terms. The Spanish Supreme Court has declared the multi-currency clauses in Barclays' mortgage contracts invalid. All such loans must now be recalculated in euros, affecting CaixaBank clients as Barclays' legal successor.
The recommendation to keep €70 to €100 per person is a response to last year's crisis
Bank of Spain Advises Keeping Cash in Case of Another Major Outage. A year after a major payments system outage, the Bank of Spain urges families to keep a reserve of cash. It recommends amounts between 70 and 100 euros per person to ensure access to essential expenses during disruptions.
Spaniards No Longer Keep Money in the Bank: What’s Happening to Their Savings
Why Spanish Families Are Massively Changing How They Store Their Money — And What This Could Lead To. Traditional bank accounts in Spain are losing popularity at a rapid pace: families are seeking new ways to protect and grow their savings. What risks and unexpected consequences lie behind this change? A new approach to savings: what Spaniards lose and discover as they turn away from traditional accounts.
Easter spending in Spain jumps 13 percent
Three quick ways to restore financial balance after Easter Tips from Banco de España. Banco de España offers three straightforward steps to recover your finances after Easter. Digital piggy banks, cashback cards, and investment products can help you steer clear of debt. Check the terms and fees carefully to avoid unnecessary losses.
Average mortgage rate in Spain rises to 2.75%—how this affects borrowers
Starting 2026 mortgages in Spain will be less accessible for low-income families. Buying a home in Spain is becoming more difficult. Banks are tightening requirements and interest rates are rising. Low-income families are facing new barriers.
Rising rates and new mortgage restrictions expected in 2026
Spanish Banks Raise Rates as Mortgages Become Unaffordable for Many. Spain is experiencing a sharp rise in the cost of new mortgages. Banks are tightening lending conditions. This may reduce housing affordability and reshape the market.
Catalonia secures €293 million in loans at record-low interest rates
Catalonia's Financial Moves Reshape the Loan Market. Catalonia has secured a €293 million loan at a lower-than-expected interest rate. This is the first long-term regional borrowing outside the FLA in 14 years. The decision could impact the region’s financial autonomy.
BBVA reduces capital how this affects the bank
BBVA unexpectedly reduces capital nearly 75 million shares cancelled. BBVA has carried out a rare capital reduction, cancelling tens of millions of its own shares. The decision followed shareholder approval. The article covers the details of the procedure and its impact on Spain’s banking sector.
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