What you take with you when transferring your account

05/06/2025

We already told you what you should do if you wanted to take advantage of the opportunity offered by the regulations to change your current or payment account from one entity to another.

In that postAbre en ventana nueva it was indicated that, in the process of transferring your account, the entities are responsible for transferring the most common financial transactions, such as direct debits, transfers, etc. and obviously, the balance that you had available in the source account.

But what if in addition to the account you have other financial products such as a pension plan, an investment fund or a term deposit? It is important to know that the rule governing the transfer of accounts refers exclusively to the payments made through them and does not include other operations linked to the accounts such as fixed-term taxes, securities or pension plans.

With this in mind, if you have products linked to your account, before transferring it to another entity you will have to decide what you are going to do with them and, if necessary, plan its transfer in advance, to avoid surprises.

We explain in this videoAbre en ventana nueva how to change your account.

“Disclaimer: Please note that this is a translation of the original in Spanish that has been obtained using eTranslation (the machine translation tool provided by the European Commission), with the intention of giving you a basic idea of the content in English until a human translation becomes available. The Banco de España accepts no liability whatsoever in connection with this translation.”