Legal and other documents information

All the financial institutions are obliged to have a digitised copy of certain documents of our clients in order to be able to verify its identity, its economic activity or professional or its funds' origin, according to the Act 10/2010 of Prevention of Money Laundering.

The non-compliance of this legal requirement would compel us to cancel accounts contracted by the clients that do not contribute this documentation.

(400 kB) - - Act 10/2010 of prevention of money laundering

Necessary documentation

In order to be able to follow offering these services need of your collaboration.

The documents that they would be able to be necessary are the next ones:

  • Identifying document (NATIONAL ID NUMBER, NIE, Passport, etc.). 
  • Statement of Economic Activity (DAE). Document that it owes be completed and signed by the client where its demonstrations regarding are collected its economic activity, good in the branch or via its Access Clients in bbva.es (My Profile). 
  • Document that it proves the economic activity or professional. According to the type of client or activity, will be owed deliver one or another of the aforementioned below:

- Bill of current salary (maximum longevity of 3 months).

- Certificate of working relationship issued by the employer.

- Certificate of earnings, pension or grant.

- Statement of PERSONAL INCOME TAX of the last financial year.

- Work contract in force.

- Statement of the Census of Obliged Tax (model 036).

- Registration of activity in inland revenue (Spanish Government licence for business activities).

- Last statement quarterly or annual of the VAT or of retentions of PERSONAL INCOME TAX.

- Last bill of the professional association.

- Bill of the Social Security Institute in the regime of self-employed workers (maximum longevity of 3 months).

For more information contacts with your usual manager or attends to a branch BBVA.

MiFID II is an European standard that has been transposed to the Spanish legal system and whose objective is improve the protection of investors of financial products. In addition, also has as an end establish an European single market of financial instruments via the improvement of the transparency and the efficiency of the markets. 

As for the European standard, MiFID II understands mostly following standards:

The transposition of MiFID II to the Spanish legal system carried out is had through following standards:

SEPA (Single Euro Payments Area) is an area in which consumers and companies can carry out charges and payments, in and out of the national borders , in the same basic conditions and with the same rights and obligations, regardless of the place in which are found. Within the area SEPA have been deleted therefore the borders for payments and charges in euros.

They compose the area SEPA the 28 member states of the European Union, together with Iceland, Liechtenstein, Norway, San Marino, Switzerland and Monaco.

What is?

SEPA: New payments outlook in Europe

The project SEPA supposes, after the adoption of the euro as a single currency, a step more in the economic integration and monetary in Europe: the creation of an authentic domestic market where there is an only one way of carrying out payments in an efficient way, sure, simple and transparent.

The instruments of payment included in SEPA are:

  • Transfers.
  • Debit entries.
  • Payments by card: the main novelties that were entered are the obligation of adding a chip to the cards, as well as the authorisation of the operations via a PIN. With these measures is expected increase the safety level of the transactions. Affects both to credit cards and of debit.

End dates

The compulsory deadline for the migration to charge and payment instruments SEPA went on 1 February 2014, with the exception of the products niche that, for its specific and low characteristics volume of operations, were migrated in a second phase, in February 2016 (in Spain, the credit advances C58 and the bills that were turned for C32).

Advantages

  • Unified format to carry out payments and charges in euros in the EEE.
  • Account consolidation opportunity to provide the centralisation of functions of cash flow management.
  • Facilities to expand the business beyond the local market.
  • In debit entries B2B (between companies), certainty of charge for the creditor.

Transfers

The outline of SEPA transfers (in force from January 2008) provides the shipment of payments in a simple way and standardised within its geographic area.

The SEPA transfers have following characteristics:

  • Called in euros.
  • Without limit of amount.
  • Between bank accounts, leaving out of the outline transfers of cash.
  • With clause of expenses <Compartidos>.
  • Use of the IBAN as an identifier of account.
  • Maximum time of execution of a day. There is the possibility of sending day value SEPA transfers (the payee receives the funds in the day) and immediate SEPA transfers (deposit to the payee in the moment).
  • 140 characters of information of the payment, that are transmitted in its entirety of the payer to the payee of the transfer.

Debit entries Core and B2B

It is an instrument to carry out charges through debit entry in the account of the debtor.

The distinctive principals of the SEPA DEBTS are:

  • Called in euros.
  • Without limit of amount.
  • With clause of expenses <Compartidos>.
  • Use of the IBAN as an identifier of account.
  • 140 characters of information, that they travel in its entirety of the creditor to the debtor. Extended concept of until 640 characters in some Spanish companies. 

Debit entries Core

It is the basic outline of debit entry. It can be used to turn both to consumers and to companies. 

  Debit entry SEPA Core
 
Mandate
Debit entry SEPA Core

Standard format. 

Its details travel in the debit entry.

 
Presentation
Debit entry SEPA Core

D-1. 

An additional day in debit entries destination EBA*.

 
Information
Debit entry SEPA Core

140 characters. 

Extended concept in some Spanish companies.

 
Reimbursement
Debit entry SEPA Core

Op.autorizadas: 8 weeks. 

Op. unauthorised: 13 months.

 
Identifying of the account
Debit entry SEPA Core
IBAN
 
Format
Debit entry SEPA Core

XML ISO20022 Core AEB

European xml

AEB 19.14

 
Financing
Debit entry SEPA Core
Yes

* EBA is the clearing house for debit entries cross-border and domestic to companies that they do not operate for Iberpay (the Spanish clearing house).

Debit entries B2B

The outline between companies (debit entries B2B) offers great charge certainty to the creditor, when giving up the debtor to the right of reimbursement of authorised operations. For this reason, the company of the debtor owes obtain the authorisation of the mandate before carrying out the charge in account of the first one debit entry.

Novelties of Debit entries 

  • Financing of debit entries: the Core SEPA DEBTS and B2B you can finance. In Spain, the format is that one of SEPA DEBTS, including the indication of financing established in Spanish banking notebooks. 
  • Simplification of operations of debit entries Core: from November 2016, there is an only one SEPA DEBTS presentation term Core, regardless of its type (first, recurring, only…): D-1 for debit entries domestic or destination companies that they operate via Iberpay (EBA requires the presentation with an additional day in advance). In addition, stops being compulsory to indicate the first one debit entry SEPA of a series as first (FRST) before sending debit entries recurring (RCUR).

BBVA and SEPA

BBVA offers the issuance of transactions SEPA, so much transfers such as debit entries and debit entries financed (Core and B2B). The shipment of operations SEPA can carry out comfortably via BBVA's online banking systems or using its telematic service channels usual.

In addition, BBVA has other value-added services: information on requirements of the instruments SEPA, programmes to make SEPA files, advice in the starting up, service of recálculo of maturities in debit entries, extended concept of 640 characters in debit entries, services of conversion, pay into the day to BBVA payees, presentation of debit entries destination accounts BBVA in the day, account modification information debtors, etc.

To know the detail of the service channels and available formats in every country, contacts with a branch BBVA.

Conduct

This code of conduct was approved by the Board of Directors on BBVA on 28 May 2015.

(565 kB) - - Code of conduct

 

In agreement with the standard of the Deposit insurance Fund, there is a double coverage, one for deposits and another for securities. In both cases the amount of the guarantee is of a maximum of€100,000.

Deposit insurance fund

Standard

  • Document of the CNMV: Reform Document 09_2014. See document.
  • Royal Decree 878/2015 of 2 October. See document.
  • Act 11/2015 of resolution of credit institutions. See document.
  • Legislative Royal Decree 4/2015 of 23 October. See document.
  • Fulfillment of the article 39.7 of EMIR-SEGRAGACIÓN and Portability. See document.

 

Regulations

The links to websites of the market infrastructures that are included in this page have been included with informative aim, having the information provided in the same character purely illustrative. The supplied information does not owe in no case consider financial advice, nor he owes be expert as a recommendation to carry out operations nor it will constitute the base for a takeover of decision in a certain address. Bank Bilbao Vizcaya Argentaria, S.A. or any other company of the BBVA GROUP (hereinafter, ‘BBVA’) does not assume commitment one of communicating changes nor of updating the content of the page present. BBVA considers the links to websites of the market infrastructures that are included in this page as considered sources as reliable, but, although reasonable measures to ensure have been taken of that the Information contained is not wrong or equivocal, BBVA not undisguised nor guarantees, expresses or implicitly, that it is accurate, complete, or updated, and he should not trust in her as though it was it. BBVA declines expressly any accountability by mistake or omission in the information contained in the document.

BBVA documentation

  • Risk warning document to the effects of EMIR: see document
  • Risk warning document to the effects of CSDR: see document.

Information on Instruments of recapitalisation

Information on subjected financial instruments to the regime of resolution of the Directive on Banking Recovery and Resolution.

Within BBVA have a commercial communications policy or advertising executive where are established the criteria and proper procedures to ensure that the standards, principles and general criteria of the applicable standard are fulfilled with regard to advertising, being the next one:

  • The Orders EHA/1718/2010 and EHA/1717/2010, of on 11 June, of regulation and control of the advertising, in its article 4.
  • Circular 6/2010, of 28 September, of the Banco de España in its Standard third.

Advertising communications policy of BBVA in Spain.

A structured product is a combination of two or more financial instruments that comprise a single structure. This is a single and indivisible package that combines a product linked to interest rates with one or more financial derivatives. Once the issuer provides the final terms of each structured bond to us, the related documents will be made available in this section. Said documentation describes in detail all the characteristics and conditions specific to each issue.

View the Documentation on Structured Bonds.