What information does the bank give the Public Treasury about my accounts?

18/07/2023

Every year, financial institutions are required to provide the Tax Revenue Service with information about the accounts held with the institution, in order to prevent tax fraud and money laundering.

When we open an account, we have a maximum period of 90 days to notify the institution of our tax residence. If we fail to do so, the rulesAbre en ventana nueva allow the entity to block the account.

With the information we give to the institution, the Tax Revenue Service can exchange data with other countries in order to combat fraud and money laundering.

In addition to the tax domicile and residence of the account holders, entities must also inform the Tax Revenue ServiceAbre en ventana nueva of:

• the name, surname or business name of the holder
• account number and balance at the end of the calendar year in question.

However, before providing this data to the Treasury, the institution must make them available to you well in advance, so that you can exercise your data protection rights.Abre en ventana nueva