If you want to start using this service, you will first need to open a Bankinter account, such as the Broker Account that also pays you for your stock market trading.
With all the content and shares of the Investment Academy. Customers of the Zero Broker Service will be the first in line to receive news on on training, events, special promotions, etc.
The securities loan is established with Bankinter, so Bankinter would always be responsible for that loan.
When Bankinter lends the securities, it may only carry out such operations with lenders that are previously authorised by Bankinter under a strict risk policy. Therefore, loan operations will be carried out only with large international financial institutions, many of which are classified within the group known as “Too big to fail”, and in addition they will always be made using a system of constituting guarantees to hedge the loan.
The securities are identified individually and you can identify them at any time in your Bankinter Broker private area.
You can consult our policy on best execution of orders here.
Your trades will not be affected in any case.
If you want to sell your securities, you can do so whenever you want. Bankinter will take care of cancelling any loans provided, but this will not affect your trades.
Neither will it affect your collection of dividends. If the securities are not on loan at the time of dividend collection, nothing changes. And if they are on loan, since you do not have financial rights, you will receive an amount in your current account equal to what would correspond to you as compensation, with the same tax characteristics as if you received dividends from your securities (capital gains subject to tax withholding).
If you no longer want to have the Broker Zero Service in your securities accounts, you can request to unsubscribe at any time in your Broker private area.
If there are no open loans, cancellation of the service will be immediate. If a loan exists, a cancellation request will be launched and Bankinter will cancel the loan in order to close the service.
You can make an unsubscribe request from the Broker Zero Service for any of the holders of the securities account. This will cause the service to be removed from all the securities accounts in which that person appears as the holder (whether sole or joint holder). You should be aware that once you request to unsubscribe, you will not be able to subscribe again for the Broker Zero Service for at least the next 3 months.
1. Who is the data controller?
The data controller is Bankinter, S.A. (“Bankinter”) with Tax ID Number A28157360 and registered office at Paseo de la Castellana, 29 (28046 Madrid).
2. Why do we process your data?
We process the data you supply to obtain the necessary information for this application and, where appropriate, to complete your purchase the product in question.
3. What is the legal basis for processing your data?
The legal basis is the purpose explained in the previous paragraph, namely to obtain necessary information for your application. Accordingly, if you refuse to supply the personal data requested, or if you supply inaccurate or incomplete data, we may not be able to provide you with the service. You are responsible for ensuring the truthfulness of the data provided, and for notifying Bankinter if there is any change to your data.
4. Who will receive your data?
Unless legally obliged, we will not disclose your data to any third parties.
5. How long will we keep your data?
Unless you have indicated otherwise, we will keep your data for six months. As soon as they are no longer necessary for the purposes described above, the data will be blocked for the period for which they may be required for carrying out, or defending, administrative or legal actions, and they may only be unblocked and processed again for this purpose. At the end of this period your data will be completely erased.
6. What are your rights in relation to the processing of your data?
You may exercise your rights of access, rectification, erasure, objection, restriction of processing and data portability in the circumstances and under the scope established by the applicable legislation currently in force. To exercise your rights, please contact us by writing to the following address: Bankinter, S.A. Operations - Data Protection. Calle Pico San Pedro 1, Tres Cantos, 28760 Madrid, enclosing a copy of your national ID or any other identifying document. You also have the right to file a claim with the Spanish Data Protection Agency.
7. Where can you obtain more information about how we process your data?
You can refer to the additional information about how Bankinter processes your data here.
Monday to Thursday from 09.00 to 18.00 and
Friday from 09.00 to 14.00.
This only applies to the Spanish continuous spot market through online channels. The Broker Zero service is activated for all your securities accounts, and if you sign up, both benefits will be activated:
a) Fee-free trading of shares by Bankinter on the Spanish continuous spot market.
b) By signing up for the Zero Broker Service, you make your securities available for securities lending, earning interest if they are lent.
To be eligible for this remuneration, you must perform at least 10 buy/sell trades on the market each calendar quarter via any of the channels available for arranging the products offered by Bankinter Broker at any given time. Trades performed using accounts (securities, derivatives and/or fixed income) linked to the Broker Account and any other Bankinter account you hold or jointly hold will be taken into account when calculating the number of trades. The promotion does not include currency trades or trades using delegated portfolio management services. In addition, the client must have a standard custody fee on the securities account associated with the Broker Account and on all securities accounts with the same holder or co-holder.
Only one Broker Account is permitted per customer, who must be a private individual resident in Spain. Employees and agents of the Bankinter Group will not be able to benefit from this account. The currency of the Broker account is the euro.
