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. Issuance of the card is subject to prior approval by the Bank. This card allows you to pay in instalments (revolving credit). Remember to use your credit card responsibly. Overreliance on credit carries a risk of over-indebtedness with long-term consequences that could affect your financial planning.

4. You can find the Key Information Document (KID) for members, along with detailed sustainability information, at www.santanderassetmanagement.es.

5. Insurance brokered by Santander Mediación Operador de Banca-Seguros Vinculado S.A. NIF A28360311, through its Banco Santander S.A. distribution network. Operator registered in the Registry of the Directorate-General for Insurance and Pension Funds with nº OV-0042.
Santander Seguros y Reaseguros Compañía Aseguradora, S.A. is the insurer fot the Life annuity insurance products (Key Information Document and further information available at  www.santanderseguros.es.  
Santander Seguros y Reaseguros S.A. is the insurer of Mi Hogar Senior, Accidents, Dependency and Death Insurances.
Santander Vida Seguros y Reaseguros S.A. and Aegon España S.A.U. de Seguros y Reaseguros are the co-insurers of the Senior Health Insurance. 
Civil liability and financial capacity covered under current legislation. See the Insurance Companies with which the Operator maintains an Agency Agreement for the distribution of insurance products at  www.santandermediacionobsv.com.  

6. Reverse mortgage for individuals aged 65 and over.  Product arranged with Santander MAPFRE Hipoteca Inversa E.F.C., S.A. Tax ID code A09641549 and marketed by Banco Santander, S.A. Financiación, subject to approval of the lending entity. For more information about the product and its terms and conditions, visit the website www.santandermapfrehipotecainversa.es or any Banco Santander branch. The customer has the right to request independent advice. 

7. 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 (www.santanderassetmanagement.es). . 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.

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.

8. 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.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.

9. Renting transaction subject to prior approval by Banco Santander, S.A., which may request additional guarantees.