The best things in life are often the simplest

Transparency with no fine print

At Banco Santander, we want you to make decisions with all the information at hand and with no nasty surprises. That’s why we explain the conditions of our promotions clearly and simply, avoiding the dreaded fine print. Here, transparency comes first. 

1. Excluding pensions of passive classes of the State.

2. Non-interest-bearing account. Nominal interest rate (NIR) of 0% and Annual percentage rate (APR) of 0% for meeting any one of the qualifying conditions for full exemption; example under the transaction-based option (salary deposits and direct debits of bills/card payments). For a scenario in which a daily balance of €6,000 is held consistently for one year, applying an annual NIR of 0% and a maintenance fee of €0. NIR 0%, APR -1.98% for meeting at least one of the qualifying conditions; example under the option of maintaining a balance of €5,000 or more but less than €25,000 in investment funds, at no additional cost. For the same balance, interest rate and card assumptions, and a maintenance fee of €120 per year (€10 per month) for one year. NIR 0%, APR -3.93% if none of the conditions are met; example for the same balance, interest rate and card assumptions, and a maintenance fee of €240 per year (€20 per month) for one year. Account settlement is performed on a monthly basis.


3. Management company: Santander Pensiones, S.A. EGFP; Depositary: Caceis Bank Spain S.A.; Promoter: Banco Santander, S.A. You can find the Key Information Document (KID) for members, along with detailed sustainability information, at www.santanderassetmanagement.es. Pension plans are products whose value is sensitive to fluctuations in market prices and other variables. Accordingly, they do not guarantee any return.

Promotion valid from 1 January until 31 March 2026 (both dates inclusive). Any person may take part in this promotion by signing the corresponding form, subject to the conditions and requirements for obtaining the applicable incentives. The 6% discounts apply to amounts of €100,000 or more and are also subject to an 8-year holding period in order to obtain the discount for transferring your Pension Plan. The 4% discounts apply to amounts of €100,000 or more and are also subject to a 5-year holding period in order to obtain the discount for transferring your Pension Plan. Only transfers from entities outside Santander Group will be eligible. Promotion applicable to pension plans promoted and distributed by Banco Santander, S.A. Amount subject to applicable tax withholdings from time to time. Consulta las bases legales de la promoción aquí (PDF - 285.6 KB).

4. Insurance brokered by Santander Mediación Operador de Banca-Seguros Vinculado S.A. (tax ID A28360311), through its distribution network Banco Santander S.A. Operator entered on the Register of the Directorate-General for Insurance and Pension Funds under no. OV-0042. Civil liability and financial capacity are covered in accordance with prevailing legislation. Insurance company: Santander Seguros y Reaseguros Compañía Aseguradora, S.A. You can view the insurance companies with which the Operator maintains an agency agreement for the distribution of insurance products at www.santandermediacionobsv.com. The KID and further information can be found at www.santanderseguros.es.

5. Investment funds carry certain risks (market, credit, liquidity, currency, interest rate, sustainability, etc.), and there is therefore a risk of losing all or part of the investment. These risks are explained in the Prospectus and in the Key Information Document (KID) for the fund. Before making an investment decision, you should consult the fund’s Prospectus and KID, which are available from the relevant supervisory authority and on the fund manager’s website. 

Before making an investment decision, you should consult the Prospectus and the KID for the fund, both available from the relevant supervisory authority and, as the case may be, from the market on which the instrument may be admitted to trading, as well as on the website of the fund issuer or management company. The decision on whether to invest in the fund should be made having due regard to all the features and objectives of the fund, as described in its Prospectus and KID. The investment being promoted relates to the acquisition of units in an investment fund and not to a specific underlying asset. Past performance is not a reliable indicator of future results and, where the fund is denominated in a currency other than the euro, its performance may increase or decrease as a result of exchange rate fluctuations. 

The tax treatment of any returns obtained from the investments will depend on the tax legislation applicable to your personal circumstances, and may change in the future. This communication constitutes advertising and its purpose is commercial. It is not contractual information or information required under any legislative provision, nor should it be treated as any kind of investment recommendation or advice, and it does not constitute sufficient information in itself on which to make an investment decision.

Fund manager: SANTANDER ASSET MANAGEMENT, S.A., S.G.I.I.C., filed with the CNMV under number 12. Depositary: CACEIS BANK SPAIN, S.A., filed with the CNMV under number 238. Distributor: BANCO SANTANDER, S.A., filed with the CNMV with number 49. This communication constitutes advertising and its purpose is commercial. It is not contractual information or information required under any legislation, nor should it be considered an investment recommendation or advice of any kind, and it does not provide sufficient information in itself to make an informed investment decision.  

© BANCO SANTANDER, S.A. All rights reserved – Registered office: Paseo de Pereda, 9–12, SANTANDER. Tax ID no. A-39000013.

6. Transaction subject to prior approval by the Bank. Renting offered by Banco Santander S.A. for the first three years; the contract with Banco Santander S.A. will end in year four and will thereafter continue with Movistar Prosegur Alarmas S.L. Please see the conditions at movistarproseguralarmas.es/contratos. The photographs shown may not correspond to the versions of the equipment ultimately offered. Transaction subject to prior approval by the Bank. Price not compatible with Alarmas Home renting solutions. Other alarm renting arrangements are available through our branch network, some of which may also offer advantages when taken out together with a residential mortgage. Please consult the terms and conditions at your branch or at www.bancosantander.es/en/particulares/hipotecas.