BBVA 59+ Account
Get more out of your pension/retirement.
Receive your pension through BBVA, starting at €1,500 a month, and enjoy a package account for your day to day.
- Personalized support from your account manager;
- Account package maintenance fee: €4.50 / month (plus stamp duty);
- Free online SEPA + credit transfers;
- Access to Overdraft (APR 14.3%).
And many more advantages...
Features
Discover the features of the BBVA 59+ Account.
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Tailored advantages for your pension.
For a monthly fixed package account maintenance fee you have access to:
- Unlimited and free Sepa+ credit transfers, made through the BBVA Mobile app or BBVA.pt home banking.
- Free direct debiting of your payments, expenses and bills.
- Available for direct deposit of pensions above €1500.00.
- When you open a BBVA 59+ Account you can enjoy advance payment of your pension through an authorized overdraft of up to 100% of the net value (14.3% APR).
Access to free payment methods:
- Issuance of a BBVA Agora Debit Card, with no Debit Card activation fee for the first year.
- Issuance of a BBVA Antes Pre-paid Debit Card, with no debit card activation fee.
- Issuance of a BBVA Credit Card, Depois Classic or Depois Gold (14.5% APR), with no credit Card issuance fee for the first year.
Access Conditions
Learn how to open a BBVA 59+ Account.
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Get your pension at BBVA
BBVA 59+ Account
- Individuals who are retired or receiving a pension and have their pension with a net value of €1,500 or more deposited directly into their account can access the BBVA 59 + Account.
- The following will be considered valid for the direct deposit of a pension: all monthly account deposits made by electronic bank transfer from the National Pension Center, Civil Servants Pension Fund, or other similar entity, with a value equal to or greater than €1,500.50.
- Sole Proprietorships and Liberal Professionals are expressly excluded from opening this account for the purpose of supporting the exercise of their professional activity.
Costs and fees
See the Costs and Fees of the BBVA 59+ Account.
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In your BBVA 59+ Account
- €4.50/month package account maintenance fee when you have direct deposit of your pension greater than €1,500 (plus stamp duty).
- €0 fee for SEPA+ credit transfers, provided they are made through our digital channels.
On your cards- Issuance of a BBVA Agora Debit Card, with no Debit Card activation fee for the first year.
- Issuance of a BBVA Antes Pre-paid Debit Card, with no Debit Card activation fee.
- When you use your debit card with MB Way to send money or make payment you'll pay no fees.
- Issuance of one of our BBVA Credit Cards, Depois Classic (14.5% APR) or Depois Gold (14.5% APR), with no credit card activation fee for the first year.
Documents
See here the relevant documentation for the BBVA 59+ Account.
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List of documents concerning the BBVA 59+ AccountSee also
Information
(APR of 14.3%)
The account is available for all Natural Persons who are retired or receiving a pension and have their monthly income deposited directly into their account by electronic bank transfer from the National Pension Center, Civil Servants' Pension Fund, or another similar entity, with a value equal to or greater than €1,500.00.
Nominal APR of 11.300%, corresponding to an APR of 14.3%, for an authorized overdraft limit up to €15,000, with monthly interest payments on the first business day of the following month. Example: for an overdraft of €1,500 for 90 days, corresponding to an interest of €42.39, plus €1.71 stamp duty and €6.36 credit use tax, and no interest charged for amounts lower than €0.50.
The amounts shown include taxes to applicable legal fees.
* See the definition of APR (Annual Percentage Rate) and Nominal APR.
BBVA Online Banking
Account closure
To request account closure, you must complete the account closure form.
If you have credit agreements associated with your checking account and wish to have your installments debited at another credit institution (OIC) and/or wish to have the amount owed associated with your card(s) paid at an OIC, you must complete the documents below relating to the Account Debit Authorization (ADC):
These documents must be duly signed by all account holders and completed with the authorization of the procedures to be carried out by the Bank for each of the credit products.
The account closure form should be sent to the email address encerramentoconta.pt@bbva.com. Alternatively, it can be sent via registered mail to BBVA, SA – Branch in Portugal, Attention: Operational Control, located at Av. da Liberdade 222, 4th Floor, 1250-148 Lisbon or delivered in person to a BBVA branch.
