Bank portability: change bank and mobile operator

But the reality is that today all these procedures are no longer necessary thanks to Order ECE / 228/2019, which establishes, among other things, that It is the banks that must take care of the transfer of all these services between the entities of the country for free if so requested by the client. Thus, as confirmed by the financial comparator HelpMyCash.com, changing banks and opening an account without commissions is something much more comfortable and simple.

How does bank portability work?

Before starting any transfer process, the first thing to do is open the new account to which you want to take all domiciled or scheduled services, since you must provide the data of the current account and those of the new one to start the process.

Once the account has been opened, the request to transfer accounts must be requested from the new entity. In the vast majority of banks in Spain you can find the form online. Some banks, like ING or Abanca, They allow you to carry out the procedure without having to go to a branch, while others, such as Bankia, although they provide the document on their website, require submitting the form at a branch.

What data must be provided in this procedure?

So that the bank can manage all transfers, a series of specific information must be provided in your forms, such as the information concerning the identity of the applicant (name, surname and DNI or NIE), the IBAN number of the account to be abandoned and the IBAN of the new one to which the balance and all services will be transferred (income , receipts and periodic transfers). You can also request the closure of the account.

In addition to all this information, You must indicate the period in which you want to start the transfer, which may not be less than thirteen business days after signing the form. Once the migration begins, the process should be completed in a maximum of five business days.

Exceptions for some direct debits

While some banks offer the ability to handle the transfer of payroll, the same is not the case with pensions and unemployment benefits. For example, BBVA will only be able to take care of the payroll, while ING considers the three sources of income in its form. Before starting the process, it is convenient to check if the entity will deal with the source of income that is perceived in the account, since this procedure may have to be managed by the user himself with the Social Security or the SEPE.

On the other hand, the receipts related to the Tax Agency or the municipalities must be borne by the user.

Best accounts without commissions to do a portability in 2021

Among the different existing offers, one of the most popular options without commissions is the ING Payroll Account. Offers free debit and credit cards With which money can be withdrawn free of charge at the 50,000 national ATMs. Despite its name, direct debit from a source of income is not a mandatory requirement for the account to be free of commissions, but to direct a payroll, pension or unemployment benefit of any amount (or monthly transfers of at least 700 euros ) will grant access to extra benefits such as two free overdraft days or discounts on gasoline, fashion or gastronomy.

Open sofa, Santander’s online bank, has a digital account without commissions, the Open Current Account. It does not require any linkage requirement and offers its holder a free debit card that will allow you to withdraw money free of charge from the more than 7,000 ATMs in Santander and that, in addition, offers discounts on purchases in sectors such as fashion, gastronomy, tourism and leisure.

Liberbank nor does it require any type of connection in your SIN Online Account, an account without commissions with a free debit card with which you can withdraw money at no cost at 18,000 national ATMs. To enjoy a 100% free account, all operations must be carried out online. In addition, from HelpMyCash they point out that, as an additional advantage, Liberbank offers 150 euros as a gift for new clients who pay a payroll of at least 600 euros in the entity (whose acceptance implies a stay of 24 months).