The “Ordenado Activo” applies to customers who receive a salary or pension/annuity of at least €750 net/month.
You just need to send the NIB of your ActivoBank Account to your employer or, in case of retirement, to the social security so that your salary or pension/pension is transferred to this Account.
You can find it in the App, after logging in, under Checking Account > View Details > Details. You can also do this on the Website after logging in under Other Transactions > Account Information.
The Salary Advance or Overdraft is an option that allows you to have up to 100% of your salary or pension/pension from the first day of each month. It allows you to have more liquidity for your daily life or for unexpected expenses at preferential conditions. The salary advance contract is subject to a credit decision.
When you contract for a salary advance, this option is available to you if you choose to use it. If you do not use it, there is no cost to you. If you do use it, you will be charged interest at the current rate, which will accrue on the 1st of the month following the date you use it.
The amount of the salary advance is equal to the average of the salaries or pensions/annuities paid into the Account in the two preceding months, but not more than the value agreed in the contract.
If there have been no salary or pension transfers in the previous two months, the value of the first advance is 50% of the value, not exceeding the approved amount or the maximum amount of EUR 5.000 (whichever is lower).
If there is a month in which there is no salary transfer on the Account, even if this is due to a delay in transferring the salary or pension, the amount available on the following day 1 will only be equal to 75% of the average of the previous two months and cannot exceed the maximum amount authorised.