Wizink Bank, S.A.

Business Summary

Business Focus
providing retail banking products and services via direct channels
Services
retail banking
Clients
natural persons
Products
Area Served
ESSpain
PTPortugal
Account Currencies
EUEUR
Card Providers
MasterCardMasterCard

Wizink Bank, S.A. is focused on providing retail banking products and services via direct channels. Wizink Bank, S.A. provides services in the area of retail banking. Wizink Bank, S.A. offers a range of products including savings accounts (0.50 - 0.50 %), time deposit accounts (1.10 - 1.30 %), credit cards. Wizink Bank, S.A. makes its solutions available to natural persons.

Account Opening

Account Opening Procedure
completely online
performed within a few minutes

Opening an account with Wizink Bank, S.A. can be done by performing the following steps: completely online. It usually requires about a few minutes.

Required Documents
passport
proof of address
application form

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

While opening a bank account Wizink Bank, 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 Wizink Bank, 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

Wizink Bank, S.A. may require additional documentation or information depending on the case.

Ways to Bank

Business Channels
online banking online banking
mobile app mobile app

Wizink Bank, S.A. operates as a direct bank without a branch network. Products and services offered by Wizink Bank, S.A. are available via online banking, mobile application.

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Wizink Bank, S.A. offers the following savings accounts.

Updated on 29 October 2020

Cuenta Ahorro
Sales Region
ESSpain
Account Currency
EUR
Interest Rate (p.a.)
0.50 %
Deposit Term
1 - 12 months
Savings Account Details
Product Name
Cuenta Ahorro
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
0.50 %
Min. Deposit Term
1 month
Max. Deposit Term
12 months
Min. Investment Amount
1 EUR
Max. Investment Amount
999,999 EUR
Interest Frequency
12 times a year

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. Savings accounts made with Wizink Bank, S.A. are covered by deposit guarantee scheme of Spain up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on savings accounts by non-residents of Spain is not taxed. Interest gained on savings accounts by residents of Spain is taxed at 21.00% rate. When the interest is paid, this tax is automatically withhold by Wizink Bank, S.A. from the savings account.

See Also

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).

Wizink Bank, S.A. offers the following time deposit accounts.

Updated on 29 October 2020

Depósito WiZink
Sales Region
ESSpain
Investment Amount
5,000 - 250,000 EUR
Interest Rate (p.a.)
1.10 - 1.30 %
Deposit Term
18 - 36 months
Time Deposit Account Details
Product Name
Depósito WiZink
Account Currency
EUR
Min. Interest Rate (p.a.)
1.10 %
Max. Interest Rate (p.a.)
1.30 %
Min. Deposit Term
18 months
Max. Deposit Term
36 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
250,000 EUR
Interest Frequency
12 times a year

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 Wizink Bank, 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 Wizink Bank, S.A. from the time deposit account.

See Also

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