social security pays 9.7 million contributory pensions every month throughout Spain. Some payrolls that are the livelihood of retirees and on some occasions -especially in times of crisis- also of their children and grandchildren. The State recognizes and pays said benefits or subsidies after decades listed, but it is the banking entities that pay them every month to pensioners.
Each bank has your own payment datesalthough usually converge between the 23rd and 25th of each monthdepending on whether there are holidays or non-working days in between.
Sources consulted from Banco Santander and Caixabank explain that these banking entities will proceed to pay the pensions for the month of May between the 24th and 25th of the same month. In recent years it has become common practice for banks to advance payments a few days before the expiration of the month, in order to expedite them and so that pensioners can dispose of their money beforehand.
This practice it was consolidated with the covid to minimize physical trips to offices and thus reduce possible infections. Some banks in previous dates have come to advance payments until the 21st or 22nd of the month, this already It depends on the organization of each entity and the calendar and its weekends.
In the cases of Abanca, BBVA, Banco Sabadell, Ibercaja, Unicaja, ING or Evo Banco the payment will also be made before the fixed date. These banks have confirmed that they will make the payment on May 25, one day after Santander and Caixabank.
The collection dates they can change in the event that the pensioner is a ‘newcomer’ and receives his benefit from Social Security for the first time. In this case, the payment date changes and, regardless of the bank to which the pensioner belongs, the first payment will be received on the last business day of the month, always that is not a weekend or coincides with a national holiday.