This number is indicative of the risk of the product, with 1/6 indicating low risk and 6/6 high risk.
Unicaja Banco, S.A. is a member of the Deposit Guarantee Fund for Credit Institutions created by Royal Decree-Law 16/2011, of 14 October, covering a maximum amount of €100,000 (or, in the case of deposits not denominated in euros, the equivalent in the relevant currency) per depositor and credit institution.
Risk score related to the account
AER in the first year: 1.00% and 2.01% if you directly deposit your salary. AER in subsequent years: 0.50%. The daily maximum balance to be remunerated will be €30,000.
No fees and no permanence requirement²
No maintenance or administration fees, not even for making ordinary wire transfers.
Cashback on your bills³
Get up to €100 a year. If you get your salary directly deposited into your account, we reimburse you 1% of your main bills (water, electricity and telecommunications).
Why open a Unicaja Banco Online Account?
Because we will put all our efforts into taking care of you and giving you the best possible service, and because we will help you take control of your finances and support you along every step of your financial life.
How does the remunerated FEE-FREE Online Account work?
Do you already have your funds at other banks?
Have your identity document and the documents justifying the origin of your income like, for instance, a payslip at hand.
Your identity document
Have your ID card or passport at hand. We will need to take a photograph of both sides of the document to validate your identity.
Your mobile telephone
Any device equipped with a camera will do. It is preferable to use a mobile phone because the quality of the image is better.
Your e-mail address
We will send you several notices to your e-mail address. To complete the validation process, you will have to accept them.
The Unicaja Banco Remunerated FEE-FREE Online Account is only for new customers. Opening it is very easy. It can only be done online in six steps and will take you just a few minutes.
You will have to complete a brief form with your contact data and create a login password to your new Digital Banking service.
We will ask you to inform us about your economic and tax activity. We will also ask you to verify your mobile telephone number in this step.
You will have to confirm your identity through video identification by showing your identity document. We recommend you do so by using your mobile phone's camera in a well-lit place without anyone else nearby.
Branch and cards
You will have to choose your branch and where you want to receive the debit and coordinates cards.
You will receive an e-mail containing pre-contractual documents and the contract's General Terms and Conditions. Read them carefully and call us before subscribing if you have any doubts.
Sign the contracts
If you are in agreement with the documents you have received, follow the steps to sign the different contracts. You will receive a signed copy at your e-mail address.
No, you don't because we will give you 1% interest on your average monthly balance in the first year as remuneration even if you do not have your salary directly deposited into the FREE Online Account. This will be 0.5% interest on your average balance as from the second year. The maximum balance to be remunerated is €30,000.
If you directly deposit your salary or pension for an amount exceeding €1,200 when you open your Remunerated FEE-FREE Online Account, you will obtain 2% interest on your average balance as remuneration in the first year. You will receive said interest each month and, after the first year has passed, you will henceforth obtain 0.5% interest on your average balance. The maximum average balance to be remunerated is €30,000.
You must be over 18 years of age, reside in Spain and be a new customer to subscribe this account. Any person who has subscribed any Unicaja Banco service and/or product in the last 12 months will not be deemed a "new customer".
This account is solely for the use of individuals and you must confirm this is the case. If you are self-employed, you may not use it for your professional affairs.
If you directly debit your main bills (water, gas, electricity or communications) to the Remunerated FEE-FREE Online Account, you will obtain a 1% reimbursement (cashback) of their amounts. These reimbursements will be paid into your account and can add up to €100 a year.
In order to be able to verify you are really you without requiring you to go to a branch, we perform a video identification process.
You just need to ensure that the device you are using to perform your online account's subscription is equipped with a camera.
During the video identification phase you must show:
No, because the terms and conditions of this product package are exclusively meant for online subscriptions of the Remunerated FEE-FREE Online Account and online transactions.
Easy-to-read small print
Remunerated FEE-FREE Online Account Terms and Conditions:
This offer is only valid for new customers who are natural persons and for new FEE-FREE online accounts opened from 6 March 2023 to 31 December 2023. Limited to online subscriptions. For this purpose, any person who has subscribed any Unicaja Banco service and/or product in the last 12 months will not be deemed a "new customer". No aplica a clientes que durante el periodo de vigencia de esta Campaña, participen de campañas o promociones que conllevan algún tipo de incentivo, bonificación o remuneración por la domiciliación de nómina o pensión.
(1) Monthly remuneration.
Directly depositing salary or pension: The main holder customer must directly deposit a salary or pension for an amount equal to or greater than €1,200 a month. Salaries or pension that are currently directly deposited are not allowed. Only one Remunerated FEE-FREE Online Account per customer is allowed. It is not compatible with other direct debit promotions.
In the twelve months following that in which the account is opened, an APR of 2% (AER of 2.01%) will be applied and, as from the second year, an APR of 0.50 (AER of 0.50%) will be applied. The maximum Remunerated FEE-FREE Online Account balance to be remunerated is €30,000. Monthly settlement of interest. Example: AER calculated for a constant daily balance of €30,000 during two years. The gross interest amounts to €50 a month or €600 a year in the first year and to €12.50 a month or €150 a year in the second year.
If a salary or pension is not directly deposited into account, an APR of 1.00% (AER of 1.00%) will be applied in the first year. As from of the second year, an APR of 0.50% (AER of 0.50%) will be applied. The maximum account balance to be remunerated is €30,000. Monthly settlement of interest. Example: AER calculated for a constant daily balance of €30,000 during two years. The gross interest amounts to €25 a month or €300 a year in the first year and to €12.50 a month or €150 a year in the second year.
In order to calculate the AER, Observation c), Annex 7 of Bank of Spain Circular No. 5/2012 has been taken into account, by virtue of which a year is deemed to have 365 days (366 days in the case of leap years), 52 weeks or twelve normalised months. A normalised month has 30.41666 days (in other words, 365/12), regardless of whether or not the year in question is a leap year.
The account's remuneration is subject to taxation and deemed for tax purposes as income from moveable capital obtained from the transfer to third parties of one's own capital according to Article 25(2) of Act 35/2006 on Income Tax which is in force.
UNICAJA BANCO shall make an income tax withholding on account according to Article 74(1) of the Income Tax Regulation and pay it on the beneficiary's behalf, without passing on such cost to the customer. Any tax-related repercussions that obtaining the incentive may have on the beneficiary's tax liability shall be on the beneficiary's account and UNICAJA BANCO shall therefore be held harmless from any liability thereof.
(2) No fees on any ordinary euro-denominated wire transfers made through online channels in the SEPA area (within Spain or destination countries within the Common European Area).
(3) Monthly direct debit: A monthly cashback of 1.00% of the sum of all directly debited bills charged in the settlement period will be given up to a maximum limit of €100 a year. Only water, electricity, gas and telecommunications bills will be calculated for this purpose.
(4) Debit card without any issuance or maintenance fees. Debit cash withdrawals without any fees for using the card at ATMs belonging to the following networks at these provinces:
Online subscription terms and conditions
Once the contract has been entered into, the documents will be stored in our systems. You can exercise your rights of access, rectification, elimination, objection, restriction to processing and portability, as well as not to be subject to automated decision-making and profiling, by sending written notice thereof to the Unicaja Banco Customer Service Office, which is located at Avenida de Andalucía, 10-12, Malaga (Post Code: 29007), or by sending an e-mail to firstname.lastname@example.org.
The contract will be entered into in Spanish.
The contract must be signed on the same day as we place it at your disposal on the signature platform, otherwise the subscription process will expire.
Informative documents Remunerated FEE-FREE Online Account