Legal terms and conditions
1 During the first 6 months of the Sabadell Business Account, the requirement established in the contract will not apply. From the 7th month onwards you’ll only need to have your salary or regular monthly income for a minimum amount of €700 deposited directly into your account, excluding income from accounts opened in the Banco Sabadell Group in the name of the same account holder. If the requirement of a regular monthly income of €700 in the first two months is not met before the quarterly settlement, the Sabadell Business Account will automatically become a Relación Account.
2 The maintenance fee for the first 6 months will be €0. From the 7th month, the maintenance fee of the Sabadell Business Account will be €100 per annum, which will be settled on a quarterly basis (€25 per quarter). Account profitability: 0% Nominal Interest Rate (NIR). Annual Percentage Rate (APR): -3.940%, example: if an average balance of €2,500 is maintained for one year.
The entire maintenance fee is waived (account profitability of 0% NIR and 0% APR) if during the settled period:
- The account holder has taken out one of the following insurance policies through the Bank brokered by BanSabadell Mediación: Car Protection, Business Premises and Office Protection, Business Protection, Self-Employed Income Support Protection, Life Protection, SME Life Protection, SME Health Protection, Civil Liability or Professional Civil Liability.
- Or, if in the last three months, the account holder has carried out at least 60 purchase transactions with the Point of Sale Terminal (POS) contracted with or through the Bank, or has billed at least €6,000 with the POS terminal contracted with or through the Bank.
Reimbursement of half the maintenance fee (account profitability: 0% NIR and -1.9850% APR.
Example: if an average balance of €2,500 is maintained for 1 year), if the following condition is met by the trade, business or company during the last three months: six direct debit entries for payroll, tax or social insurance payments have been paid from the account.
3 All the POS terminals are products of PAYCOMET S.L.U. and marketed by Banco de Sabadell, S.A. Paycomet is a Payment Entity, part of the Banco Sabadell Group, with registered office in (…), Local, registered in the Mercantile Register of Madrid, Volume 40,715, Folio 165, Page M 722.484, holder of Tax ID. B95842522. Paycomet safeguards the funds received by users by depositing them in a separate account opened with Banco de Sabadell, S.A.
4 CRISTALWARE CONSULTING SERVICES, S.L.U. is the entity that provides the client retention service of the Business Channel, which encompasses the legal advisory service by telephone, as well as handling discounts and benefits. The legal advice by telephone covers tax, labour, commercial, civil, family, property, criminal, consumer and administrative matters. The discounts and benefits are aimed at the professional activity of Business Channel members, as well as leisure and discounts on leading brands for personal use. The aforementioned services are provided directly by CRISTALWARE CONSULTING SERVICES, S.L.U. or by its third-party associates in accordance with the terms and conditions established at any given time, without any involvement or responsibility whatsoever on the part of Banco de Sabadell, S.A. The bank disclaims liability for any incident and/or circumstance deriving from or related to the provision of the services, which, in any case, are subject to the current agreements signed between the bank and CRISTALWARE CONSULTING SERVICES, 4 | 13 CAD2024551604S.L.U. The legal advice telephone service will not cover questions or possible incidents in the client’s activity which may affect their relationships with companies in the Banco Sabadell Group, subsidiaries or investees. The annual fee for the service, regardless of its use, for the Sabadell Negocios Account is as follows: there is no fee for the first year; the annual cost from the second year is 40 euros + VAT or equivalent, except in the case of franchises and professional groups with Banco Sabadell agreement, in which case the annual fee for the service is 20 euros + VAT or equivalent.
5 Product subject to risk acceptance. The granting, amount and term of each transaction requested will be determined by and subject to the Bank's risk criteria. The minimum amount of the facility will be 3,000 euros and the maximum amount will be 50,000 euros. It will be available for one year, which can be extended for up to a maximum of five years.
APR drawdowns Online Payment Facility.
Interest rate: 0.00%. Drawdowns are interest-free and are repaid monthly. APR from 6.29% to 11.05%. Facility arrangement fee: 0%. Facility assessment fee: 0%. Examples of calculation where the first drawdown is on 20/09/2024:
APR: 6.29% for a drawdown of 3,000 euros to be repaid in 1 month with a drawdown fee of 0.5% (no minimum). Single instalment of €3,000. Total amount payable: €3,015. Total cost of the credit: €15.
APR: 9.53% for a drawdown of 3,000 euros to be repaid in 3 months with a drawdown fee of 1.5% (no minimum). Three instalments of €1,000. Total amount payable: €3,045. Total cost of the credit: €45.
APR: 11.05% for a drawdown of 3,000 euros to be repaid in 6 months with a drawdown fee of 3% (no minimum). Six instalments of €500. Total amount payable: €3,090. Total cost of the credit: €90.
6 Exclusive terms and conditions for businesses belonging to a group or franchise which has a signed agreement with Banco Sabadell. Ask your account manager which financial solution is offered for your group or franchise or call 900 500 170.