How renting devices works, if you bring your income to Santander

Useful information:

1. Transaction subject to prior approval by the bank.

2. Renting offered by Banco Santander. Monthly rental payment for the iPhone 18 Pro 256 GB without Insurance: €36.99/month (VAT included); iPhone 18 Pro Max 256 GB without Insurance: €39.99/month (VAT included); and iPhone 17 256 GB without Insurance: €31.99/month (VAT included).
A net monthly bonus of €36.99 (after applying withholding tax in accordance with current tax regulations, currently 19%) will be paid to individuals who take out a 36-month technology rental agreement for an iPhone 18 Pro 256 GB and who (1) arrange for their salary or pension of €2,000 or more and less than €3,000 to be paid into a Banco Santander account for the first time; (2) continue to have it paid into the account, together with two monthly direct debits; (3) make at least one credit card transaction per month or maintain an account balance of €3,000 or more every day of the month; and (4) have Bizum active with Banco Santander.
A net monthly bonus of €39.99 (after applying withholding tax in accordance with current tax regulations, currently 19%) will be paid to individuals who take out a 36-month technology rental agreement for an iPhone 18 Pro Max 256 GB and who (1) arrange for their salary or pension of €3,000 or more to be paid into a Banco Santander account for the first time; (2) continue to have it paid into the account, together with two monthly direct debits; (3) make at least one credit card transaction per month or maintain an account balance of €3,000 or more every day of the month; and (4) have Bizum active with Banco Santander.
A net monthly bonus of €31.99 (after applying withholding tax in accordance with current tax regulations, currently 19%) will be paid to individuals who take out a 36-month technology rental agreement for an iPhone 17 256 GB and who (1) arrange for their salary or pension of €1,200 or more and less than €2,000, or their self-employed social security or mutual insurance contributions, to be paid into a Banco Santander account for the first time; (2) continue to have it paid into the account, together with two monthly direct debits; (3) make at least one credit card transaction per month or maintain an account balance of €1,000 or more every day of the month; and (4) have Bizum active with Banco Santander.
Notwithstanding the above, the bonus received will not exceed the rental payment under the rental agreement taken out by the customer.
Customers must meet all the conditions and sign up for the promotion. Promotion valid until 31 January 2027. Rental agreements and credit card applications are subject to prior approval by the Bank. View the terms and conditions of the promotion at www.bancosantander.es. At the end of your rental agreement, you can return the device, take out a new rental agreement or keep it by purchasing it for €440.44 (VAT included) for the iPhone 18 Pro 256 GB, €485.21 (VAT included) for the iPhone 18 Pro Max 256 GB, or €221.43 (VAT included) for the iPhone 17 256 GB. The rental offer is valid in mainland Spain, the Balearic Islands and the Canary Islands. It is not valid in Ceuta or Melilla.

3. The insurance, when applicable, covers theft, accidental drops and screen breakage. For smartphones and tablets, the policy only contains replacement cover if the item cannot be repaired and the claim amount exceeds €90. You can also choose to get your iPhone without insurance and enjoy it for a cheaper monthly cost. In the event of total loss or theft of uninsured devices, the leasing contract will be cancelled. In these cases, the customer will stop paying the monthly rental cost and must return the device or report the theft. For uninsured devices, any repairs to the device must be borne by the customer and must always be carried out at the manufacturer's official service centre.