Businesses - Banco Sabadell

1 All POS terminals are products of PAYCOMET S.L.U. and marketed by Banco de Sabadell, S.A. Paycomet is a Payment Entity, belonging to the Group Banco Sabadell, with registered office in Torrelodones (Madrid) Calle Camino de Valladolid 2, Local, registered in the Commercial Registry of Madrid, Volume 40,715, Folio 165, Sheet M 722,484 holder of the CIF. No. B95842522. Paycomet safeguards funds received by users through deposit to an account separate open at Banco de Sabadell, S.A. Banco de Sabadell, S.A. will access the data related to the type of POS terminal, its situation and billing in its capacity as the sale and marketing agent of Paycomet, S.L.U.

2 The granting, amount and term of each transaction requested will be determined by and subject to the Bank’s risk criteria.

3 Business Premises and Office Protection is an insurance of “BanSabadell Seguros Generales, S.A. de Seguros y Reaseguros”, Tax ID A64194590 and registered office at c/ Isabel Colbrand number 22, 28050 Madrid, Spain, registered in the Mercantile Register of Madrid and in the Register of Insurance Companies of the DGSyFP under code C-0767. Insurance brokered by “BanSabadell Mediación, Operador de Banca-Seguros Vinculado del Grupo Banco Sabadell, S.A.”, Tax ID Number A03424223, located at Avda. Óscar Esplá, 37, 03007, Alicante, registered in the Mercantile Register of Alicante and in the Administrative Register of the Directorate-General for Insurance and Pension Funds of the DGSyFP under code no. OV-0004, acting for “BanSabadell Seguros Generales, S.A. de Seguros y Reaseguros”; “Zurich Insurance plc, Sucursal en España”; “BanSabadell Vida, S.A. de Seguros y Reaseguros”; “DKV Seguros y Reaseguros S.A.E.”, and “Sanitas, S.A. de Seguros”, holding a Civil Liability Insurance pursuant to the provisions of the regulations on the distribution of private insurance and reinsurance in effect at all times. You can view the insurance companies with which BanSabadell Mediación has signed an insurance agency contract at www.bancosabadell.com/bsmediacion.

4 Product subject to risk issue. The granting, amount and term of each transaction requested will be determined by and subject to the Bank's risk criteria. 

5 During the first 6 months of contracting the Sabadell Negocios Account, the requirement established in the contract will not apply. Starting from the 7th and seventh month, you will only have to have a payroll or regular monthly income of a minimum amount of 700 euros direct deposited, excluding those income from accounts opened in the Banco Sabadell group in the name of the same owner. If this regular monthly income requirement of 700 euros is not met for two months prior to the quarterly settlement, the Sabadell Negocios Account will automatically become a Relationship Account.

Likewise,the maintenance fee for the first six months will be €0. From the seventh month, the maintenance fee of the Sabadell Negocios account is €100 per annum, which will be settled on a quarterly basis (€25 per quarter). Account profitability: 0% Nominal Interest Rate (NIR). Annual Percentage Rate (APR): -3.940%, example: if an average balance of €2,500 is maintained for 1 year.

The maintenance fee is fully waived (profitability of the account of 0% NIR and 0% APR) if during the settled period:  

- The account holder has taken out one of the following insurance policies through the Bank brokered by BanSabadell Mediación: Car Protection, Business Premises and Office Protection, Business Protection, Self-Employed Subsidy Protection, Life Protection, SME Life Protection, SME Health Protection, Civil Liability or Professional Civil Liability.  

- Or, if in the last three months, the account holder has carried out at least 60 purchase transactions with the Point of Sale Terminal (POS) contracted with or through the Bank, or has invoiced at least €6,000 with the POS terminal contracted with or through the Bank. Waiver of half the maintenance fee (profitability of the account of 0% NIR and -1.9850% APR: example if an average balance of €2,500 is maintained for one year) if, during the last three months, the following condition is fulfilled by the establishment: the account is debited six times to pay wages and salaries, taxes or social insurance contributions.

6 Return: 0% Nominal Interest Rate (NIR), 0% Annual Percentage Rate (APR). The terms and conditions of the Sabadell Negocios Plus Account will be maintained for as long as the single requirement of depositing a minimum of 3,000 euros per month is met (excluding income from accounts opened with the Banco Sabadell group in the name of the same holder). If that requirement is not met by the second month, the Sabadell Negocios Plus Account will automatically become a Relación Account.