Main advantages of ABANCA current accounts
Opening a bank account should be the easiest step in managing your money, not a puzzle. At ABANCA, we design our accounts with a clear purpose: to offer you a transparent, digital tool with no hidden costs. Whether you're a natural saver, an avid traveler, or looking for your first account, we have an option that fits your lifestyle.
ABANCA's philosophy is "zero complications." Most of our Online accounts have no maintenance or administration fees. We want your money to stay where it should: where you can access it whenever you need it.
Fees and conditions: clarity from day one:
Our online accounts have no maintenance fees, and you also won't have to pay for the issuance and maintenance of your debit cards or for standard euro transfers from your app. You will only have to pay in very specific cases (such as overdrafts if charges are made to your account and you don't have sufficient funds, or SMS alert services you have requested). And you will always know what you are paying for.
Table of current fees and rates (Main services):
| Service | *Online Account | High-Yield Account | Youth Paycheck Account | Youth Non-Paycheck Account | Self-Employed Account | *Joint Account |
|---|---|---|---|---|---|---|
| Condition | Up to €500 per paycheck. 100% digital management | 2% APR for your savings the first year for direct-deposited paycheck 100% digital management | Up to 35 years old 100% digital management | Up to 35 years old 100% digital management | Up to €500 for direct-debiting your self-employed fee | 2 holders Up to €500 per paycheck |
| Maintenance and administration | €0 by maintaining a digital profile | €0 by maintaining a digital profile | €0 by maintaining a digital profile | €0 by maintaining a digital profile | 0 € manteniendo perfil digital€0 by maintaining a digital profile | €0 by maintaining a digital profile |
| Online SEPA transfers | Free | Free | Free | Free | Free | Free |
| Debit card issuance/maintenance | 0 € | 0 € | 0 € | 0 € | 0 € | 0 € |
| Cash withdrawal | Free and unlimited | Free and unlimited | Free and unlimited | Free and unlimited | Free and unlimited | Free and unlimited |
Benefits of Direct Depositing Your Salary
Bringing your salary to ABANCA comes with an incentive of up to €500. Not only do we eliminate additional requirements, but we also offer direct financial incentives and promotions that are updated regularly. Plus, you’ll get access to better conditions on loans and salary advances.
Security and Protection: Your Peace of Mind Is Our Priority
Your money is safe. ABANCA is a member of the Deposit Guarantee Fund for Credit Institutions, which guarantees up to €100,000 per account holder. In addition, we have proactive 24/7 monitoring systems to detect any suspicious activity before it becomes a problem.
Digital Accessibility: Your Bank in Your Pocket
Our app is one of the highest-rated on the market. With it, you can:
- Send money instantly with Bizum.
- Make instant SEPA transfers.
- Manage and return direct debits with a single click.
- Turn your cards on and off for security.
- Sign up for new products 100% digitally with biometric signature.
Cards and International Operations
Do you like to travel? With our cards, you can withdraw cash abroad and make purchases in other currencies with very competitive conditions. Forget about excessive fees when paying for dinner in London or New York.
Tailored to Different Profiles
We don’t all need the same things. That’s why we segment our benefits: - Young people: Accounts with no requirements up to age 35. - Families: Joint management and accounts for minors (Netex Account). - Businesses: Custom POS solutions and tailored financing.
Physical Network and Hybrid Service
Although we are digital leaders, we don’t give up on personal service. We have more than 900 branches. We believe in a hybrid model: do everything from your phone, but come see us if you need expert advice for a mortgage or investment.
24/7 Specialized Support
If you lose your card on a Sunday at 3 AM, we’re there. We offer immediate assistance through the app, phone banking, and real-time push security alerts so you’re always in control.
Access to Complementary Products
Being an ABANCA account holder is your gateway to a complete financial ecosystem:
- Insurance: Health, home, and auto with discounts for loyalty.
- Investment: Access to our online broker and managed funds.
- Savings plans: From virtual piggy banks to pension plans.
Trusting us means choosing a bank that combines cutting-edge technology with the closeness you've always known. Our priority is transparency: no fine print, using language you understand, and providing tools that make your life easier, not more complicated.