A Basic Payment Account is a payment account that offers basic services in accordance with European regulations and Spanish law.
Basic Payment Account in Spain
What does a Basic Payment Account include?
A Basic Payment Account provides access only to basic payment services in My Fibank.
One current account in euros and one debit card
Transfers in euros within the EU
Debit card payments, including online payments
Cash withdrawals at ATMs within the EU
One current account in euros and one debit card.
Transfers in euros within the EU.
Account features and limitations
- Basic services A Basic Payment Account provides access only to basic payment services in My Fibank.
- Feature limitations This type of account does not give you access to the full range of My Fibank features, such as opening a term deposit or another current account with a debit card.
- Other packages If you would like to take advantage of the full range of My Fibank features right away, you can choose one of our packages.
Useful documents
Who can apply?
Individuals over the age of 18 who meet the requirements for a Basic Payment Account under European regulations and Spanish law may apply.
You may apply if:
- You are legally resident in the European Union, even if you do not have a permanent address.
- You are an asylum seeker.
- You do not have a residence permit, but your expulsion is impossible for legal and factual reasons.
- You do not hold an account with another payment service provider in Spain. If you do hold such an account, you must have received notice that it will be closed.
How to apply
Select “Apply for a Basic Payment Account” and complete the online application.
Once the Bank has received the required information, it will review your application within 10 business days. If your application is approved, you will receive a link by email and SMS, together with instructions on how to proceed with opening your account in My Fibank.
