Offer valid until 31/03/2025, exclusively for new Banco Sabadell customers that are self-employed workers, retailers, and small businesses, registered with the bank between 01/01/2024 and 31/03/2025.
1. This promotion is valid for all customers with a Sabadell Negocios Plus Account or Sabadell Self-Employed Online Account who sign up for a Smart, Smart Mini, Smart Dual Screen, Soft POS Mobile POS or Dataphone POS terminal between 2 September 2024 and 31 March 2025 and who did not have a Banco Sabadell POS terminal before 1 September 2024. The promotion will consist of:
- €0 monthly maintenance fee on your first Smart POS, Smart Mini POS, Soft POS Mobile POS or Dataphone POS terminal.
- Sabadell Business Plus Account with no eligibility requirements.
- Bonus of €30 gross quarterly if the account holder bills a minimum of €6,000/quarter with any model of POS terminal contracted with the bank, up to a maximum bonus of €120 gross per annum.
The promotional payment will be paid quarterly, in a single payment for the total amount and with the description 'ABONO PROMO POS', into the account where the POS terminal of the promotion was contracted.
Payment shall be subject to compliance with the conditions set forth in these Legal Terms and Conditions, and Banco Sabadell S.A will make the payment after verifying that the conditions set for each observation quarter have been met.
The payment will be made during the first 15 days of the month following the end of the calendar quarter.
The observation period of the POS terminal billing for the payment of the promotional discount will start from 1 October or from the date of contracting the new POS terminal if this is later. Therefore, the first quarter of observation shall be Q4 2024, with the first payment to be made during the first 15 days of January 2025.
The offer is also valid for the Dual Screen POS terminal, with the exception of the maintenance fee, which for this terminal will be €18/month with the Sabadell Business Plus Account or the Sabadell Self-Employed Online Account. VAT or the relevant indirect tax will be levied on the monthly POS terminal maintenance fee, in accordance with the recent ruling by the Spanish Tax Authority.
2. Return: 0% Nominal Interest Rate (NIR), 0% Annual Percentage Rate (APR). The terms and conditions of the Sabadell Negocios Plus Account will apply if you meet the sole requirement of signing up for your first Dataphone POS terminal, Smart POS terminal, Smart Mini POS terminal or the Soft Mobile POS terminal. Those customers who had a POS terminal in active status on 1 September 2024 are excluded from the promotion. The foregoing conditions of the Sabadell Negocios Plus Account will be maintained as long as the POS terminal is used, which will be reviewed on a monthly basis. If this requirement is not met, the Sabadell Business Plus Account will then automatically only require a minimum monthly deposit of €3,000 (excluding deposits from accounts opened in the Banco Sabadell group in the name of the same account holder). This requirement must be met on a monthly basis, and if it is not met for two consecutive months, the Sabadell Negocios Plus Account will automatically become a Relación 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 Torrelodones (Madrid) at Calle Camino de Valladolid 2, local, registered in the Madrid Mercantile Register, Volume 40,715, Folio 165, Page M-722,484, holder of Tax ID No. B95842522. Paycomet retains the funds received from users via a deposit in a separate account open with Banco de Sabadell, S.A. Banco de Sabadell, S.A. will access the data related to the type of POS terminal, its status and billing in its capacity as marketer of Paycomet, S.L.U.
4. 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 and the maximum amount will be €50,000. It will be available for 1 year, which can be extended for up to a maximum of 5 years. For the Online Payments facility:
Interest rate: 0.00%. Drawdowns are interest-free. APR from 6.29% to 11.05%. Arrangement fee: 0%. Assessment Fee: 0%. Drawdowns are interest-free and are repaid monthly.
Examples of calculation where the first drawdown is on 20/09/2023: APR: 6.29% for a drawdown of €3,000 to be repaid in 1 month with a Drawdown Fee of 0.5% (no minimum), a single instalment of €3,000; total amount payable: €3,015, total cost of credit: €15.
APR: 9.53% for a drawdown of €3,000 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 credit: €45.
APR: 11.05% for a drawdown of €3,000 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 credit: €90.
For new customers only, until 31/03/2025
