Legal terms and conditions
1 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 per month is met (excluding income from accounts opened with the Banco Sabadell group in the name of the same holder). If this requirement is not met in the second month, the account will automatically become a Relación Account.
2 No account management or maintenance fees. Profitability that may change depending on market conditions. Now, a return of 2% APR per annum for an average joint balance of up to €20,000 of the Sabadell Online Account and the Sabadell Savings Accounts of the same account holders linked to it for individual or business purposes. Representative example of total remuneration in one year calculated for a joint average monthly balance of €20,000: 2% NIR per annum, 2.018% APR, €400 in interest settled in the year. Settlement on a monthly basis and credited to the Sabadell Online Account on the 15th day of the following month (or the first working day before it).
3 Payment of €30/quarter for registering a Sabadell Online Account for business purposes and having your contributions as a self-employed worker paid by direct debit during that period (includes the self-employed under the Special System for Self-Employed Agrarian Workers and the self-employed under the Special Scheme for Sea Workers). The payment will be settled within the first 15 days following the end of the quarter and subject to the current tax legislation.
4 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.
*The payment will accrue over a single year for subscriptions paid in the first 12 months, counting from and including the month in which you open the account. The payment will go into your account in the month after the first 12 months.