Banco Mediolanum, S.A.

Business Summary

Business Focus
providing products and services via direct banking
Services
retail banking
insurance
Products
current accounts
savings accounts
time deposit accounts (0.40 - 0.40 %)
debit cards
credit cards
consumer loans
mortgage loans
investment funds
pension accounts
Area Served
ESSpain
Account Currencies
EUEUR
Card Providers
VisaVisa

Banco Mediolanum, S.A. is focused on providing products and services via direct banking. Banco Mediolanum, S.A. provides products and services in the areas of retail banking, insurance. Banco Mediolanum, S.A. offers a range of products including current accounts, savings accounts, time deposit accounts (0.40 - 0.40 %), debit cards, credit cards, consumer loans, mortgage loans, investment funds, pension accounts.

Account Opening

Account Opening Procedure
submit online application

Opening an account with Banco Mediolanum, S.A. can be done by performing the following steps: submit online application.

Required Documents
passport
proof of address
application form

Banco Mediolanum, S.A. requires the following documents to open a personal bank account: passport; proof of address; application form.

While opening a bank account Banco Mediolanum, S.A. has to perform KYC procedure and comply with AML requirements. KYC procedure usually includes obtaining the information about customer identity, residential address, current occupation and source of income. KYC checks performed by Banco Mediolanum, S.A. and the documents used are outlined below.

Identity Verification
passport
any one of the documents above
Address Confirmation
proof of address
any one of the documents above
Current Occupation
Income Source
Forms
application form
all the forms from above

Banco Mediolanum, S.A. may require additional documentation or information depending on the case.

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Banco Mediolanum, S.A. offers the following time deposit accounts.

Updated on 29 October 2020

Sales Region
ESSpain
Account Currency
EUR
Interest Rate (p.a.)
0.40 %
Deposit Term
6 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.40 %
Max. Interest Rate (p.a.)
0.40 %
Min. Deposit Term
6 months
Max. Deposit Term
6 months

ESSpain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.
Deposit Guarantee. Time deposit accounts made with Banco Mediolanum, S.A. are covered by deposit guarantee scheme of Spain up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Spain is not taxed. Interest gained on time deposit accounts by residents of Spain is taxed at 21.00% rate. When the interest is paid, this tax is automatically withhold by Banco Mediolanum, S.A. from the time deposit account.

See Also

Credit Cards

Credit cards provide a convenient option to borrow funds for short-term financing, for examples purchasing of goods and services. Credit cards differ by credit card provider (Visa, American Express, MasterCard), credit card type (silver, gold, platinum), charged interest and annual costs. The following credit cards are offered by Banco Mediolanum, S.A..

Updated on 29 October 2020

Mediolanum Visa Classic
Sales Region
ESSpain
Card Currency
EUR
Card Provider
Visa
Card Type
Standard
Annual Costs
25.00 EUR
Credit Card Details
Product Name
Mediolanum Visa Classic
Card Provider
Visa
Card Type
Standard
Annual Costs
25.00 EUR
Card Currency
EUR
Bonus Amount
22.42 EUR
Bonus Programs
Insurances
Benefits
Services

ESSpain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.

See Also

Similar Banks

Natixis, S.A., S.E. Logo Natixis, S.A., S.E.
corporate and investment banking
BMW Bank GMBH, SE Logo BMW Bank GMBH, SE
vehicle financing for BMW brands
Bankoa, S.A. Logo Bankoa, S.A.
retail and corporate banking
Triodos Bank, NV, S.E. Logo Triodos Bank, NV, S.E.
sustainable banking
Arquia Bank, S.A. Logo Arquia Bank, S.A.
real estate financing

See Also

Related Articles