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.The requirement established in the contract will not apply during the first 6 months of holding a Business Sabadell Plus Account. After the seventh month, there must be a minimum monthly income of €3,000. This requirement must be met on a monthly basis, and if it is not met for two consecutive months, the Business Plus Sabadell Account will automatically become a Relación Account. Income from accounts opened with the Banco Sabadell Group in the name of the same account holder are excluded.
2. 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 Online Payments Facility will be €3,000 and the maximum amount will be €50,000. It will be available for 1 year, which can be extended up to a maximum of 5 years. For the Online Payments Facility:
Interest rate: 0.00%. Drawdowns are interest-free and are repaid monthly. For the Online Payments facility: Interest rate: 0.00%. 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.
3. For transfers in euros made through self-service channels, both domestic and to EEA countries (not immediate).