- Transfer some recurring payments or taxes such as the IBI [Spanish yearly property tax]
Certain direct billing issuers require the account holder to inform of the account change, such as the Tax Agency and certain local authorities. In addition, local authorities do not allow changes to the direct billing of taxes (property taxes, waste disposal tax...) in the two months before the voluntary payment period.
- Transfer the unemployment benefit
The government requires that the recipient himself/herself process the change of credit account, so you will need to request the change through SEPE. We'll tell you how to do this.
- Transfer pensions not managed by SS
If you receive pensions from other organizations, like Muface, Mugeju or Isfas, you will need to contact the relevant agency in-person to report the change in accounts.
- Transfer the balance and close the account
BBVA will forward your request and your other bank will take care of transferring the balance and closing the account on the date you specify.
It's important to remember these steps when choosing the transfer date. We also recommend you keep enough balance in both accounts, at your old bank and BBVA, to make any payments until the transfer is complete.