Pibank: No fees; free cash at any ATM with a EUR 1,000+ payroll; pays 2.50% TIN above EUR 5,000

Terms

Reward

No maintenance fee; free debit and credit cards; free immediate and SEPA transfers; free ATM cash in Spain and worldwide with payroll domiciled (ATM owner charges abroad are refunded). Pays 0% on the first EUR 5,000 and 2.50% TIN (up to 2.52% TAE) on the rest.

Rate

2.52% TAE

Requirements

• Income of €1,000/month or more
• Domicile payroll, pension or recurring income of at least EUR 1,000 a month
• Can be tried for 3 months without domiciling payroll
• Without payroll, Spanish ATM withdrawals cost 100% of the ATM owner's charge (old fees sheet)

Fees

€0/month. Maintenance, cards and SEPA transfers cost EUR 0 (fees document dated 2022-06-02). Overdraft interest 7%.

Penalty

None stated

Eligibility

• Residents only: Unknown
• NIE or TIE accepted: Unknown
• Open to non-residents: Unknown

Valid until

No end date stated

Checked

22 Oct 2026(today, confirmed by the bank)

Source

https://www.pibank.es/cuenta-nomina/(opens in a new tab)

Notes

rate_tae is the top band: 0% TAE up to EUR 5,000, 2.52% above; a EUR 100,000 balance yields 2.40% TAE. Fees document: https://img.pibank.es/pdfs/Comisiones-Cuenta-Nomina.pdf (dated 2022). No payroll bonus or welcome gift found at Pibank.