Bankinter has commenced its annual campaign for pension plans and 'EPSVs' (voluntary social security funds in the Basque Country), taking place until the end of January 2018. For another year, this campaign will encourage pension plan transfers from other financial institutions with cash rewards.

For transfers in excess of 60,000 euros, these rewards could be for as much as 3.75% (before expenses) of the transferred amount, with a limit of 7,000 euros per customer. Cash rewards will be for 3% of transferred amounts of between 30,001 and 60,000 euros; and 2% for transfers of between 1,000 (the minimum required to be eligible for this special offer) and 30,000 euros.

Cash rewards will be deposited in current accounts on 28 February 2018 for transfers requested between 2 October 2017 and 31 January 2018.

To take advantage of these cash rewards, Bankinter has stipulated a minimum pension plan contract with the bank of 5 years. During this period, customers may redeem or transfer their pension plans; however, they must bear the penalty of returning the amount of cash reward.


In addition to the reward for pension plan transfers, the bank also has a customer loyalty programme called 'Plan Retorno' (in English, 'Return Plan'), in place already for some time. This plan gives customers cash rewards (every 15 February) of an annual 0.25% (before expenses) of the total amount they have in their pension funds/ESPVs as of 31 December of the previous year, provided that this amount does not exceed 25,000 euros, and customers have deposited 3,000 euros or more during the year.

Bankinter SA published this content on 18 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 October 2017 10:30:01 UTC.

Original documenthttps://saladecomunicacion.bankinter.com/prensa/bankinter-rewards-pension-plan-transfers-with-cash-deposits-of-up-to-3-75-in-current-accounts

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