BPI Valor Account

Access to a range of services by payment of a monthly management fee of  € 7,99 (+ stamp duty), reduced to  € 4,50¹ (+ stamp duty) if you use BPI Valor Account for automatic direct deposit of your wages/pension² (Sight Account):

Products, services and related benefits:

• 2 Debit Cards (for different account holder) without anuual fee;
• 2 BPI Credit Card (13%TAEG - effective annual interest rate)³ for same card account, without annual fee;
• 1 Module of 10 cheques per month, Crossed and Not-to-Order, requested through BPI Net and delivered via CTT (Stamp duty of € 0,05 for each issued check is borne by the Customer);;
• Free national and SEPA (Single Euro Payments Area) transfers, if carried out through automatic channels (up to €100,000);
• Standing Payment Orders (SPOs) ;
• Overdraft Facility with direct deposit of wages, up to 100% of net pay subject to direct deposit (15,3% TAEG - effective annual interest rate). ⁴ 

** € 16,25 / quarter, for accounts without associated service package
Stamp Tax added to the indicated rates

To set up direct deposit of your wages at BPI, simply fill out the printed form and submit it to your employer.

1 Monthly management fee without Automatic Direct Deposit of Wages or Pension is € 7,99 (+ stamp duty). 

2 Automatic Direct Deposit of Wages or Pension only includes interbank electronic transfers of type SALA/08-Wages and type PENS/11-Pensions  or remuneration received through Payment Orders Received (POR) from Abroad in Non-Resident and Migrant Customer Accounts.

3 The effective annual interest rate (TAEG) is calculated based on € 1.500 of credit for the BPI Card, for nominal annual rate of 8,5% , annual fee (€ 20 + duty stamp) and a 12-month repayment term. The interest rate is calculated on a 360-day basis, without rounding. Issuance of card subject to BPI approval.

4 Effective annual interest rate (TAEG) for use of € 1.500 of credit during a 3-month term and Nominal Annual Rate (NAR) of 11,3%, including statutory taxes in force. Granting of overdraft facility subject to BPI approval.

For any example of a maximum amount of a contracted overdraft facility and/or contract duration, the above EAPR remains unchanged. For the ENI/PL/Retired Customers, in the indicated EAPR, the Stamp Tax on the Use of Credit, in the amount of 0.2115% on the amount used, is also considered. On the amount of credit used in the form of an overdraft, the Bank will charge interest, calculated on a day-to-day basis, at the rate defined above (APR). Plus 4% Stamp Tax on interest charged. This interest will always be debited with reference to the last day of the month to which they refer. The repayment of the credit used in the form of an overdraft is made on a monthly basis for the amount owed (including principal and interest) on the day on which the Salary (or pension) is credited; the Bank is herewith authorized to debit in this account the amount of credit used in each month and the respective interest (Calculation basis: Act./360 days).