Privacy Policy

Based on a pre-contractual or contractual relationship, to manage the products and services that you hold, request or contract with BFS.

Furthermore, BFS may share your data within the Finantia Group to which it belongs, for the management of the contractual relationship. Information regarding the Finantia Group companies is available on the corporate website www.finantia.com.

To comply with a legal obligation.

• BFS must also comply with legal obligations imposed by law, including Law 10/2010 on the Prevention of Money Laundering and Terrorist Financing; Law 44/2002 on the Reform of the Financial System; Law 10/2014 on the Regulation, Supervision and Solvency of Credit Institutions; regulations relating to MiFID and FATCA; as well as the applicable legislation on personal data protection.
• CIRBE Reporting: The Bank will provide to, and obtain from, the Credit Risk Information Centre of the Bank of Spain (CIRBE) information relating to the risks arising from banking transactions carried out with its clients, together with their personal data.
• Financial Ownership Register: The Bank is required to report monthly to the Financial Ownership Register the opening or closing of any current accounts, savings accounts, securities accounts or term deposits, as well as any changes thereto. Consequently, your identification data will form part of this register. The controller of this register is the State Secretariat for Economy and Business Support.
• The Bank may at any time request confirmation of account ownership details from other credit institutions from which the funds deposited with the Bank originate, in order to carry out the customer due diligence measures required under Law 10/2010 of 28 April on the Prevention of Money Laundering and Terrorist Financing, as well as in relation to any other account that the Client may expressly designate to the Bank for this purpose during the business relationship. The Bank may also consult the Beneficial Ownership Register maintained by the General Council of Notaries.
• General Treasury of the Social Security System: In order to carry out its due diligence obligations, applicable legislation requires financial institutions to obtain information regarding their clients’ economic activity and to verify such information. For this exclusive purpose, the Bank will request such confirmation and information from the General Treasury of the Social Security System (TGSS).
• The Bank will record, register and retain, in electronic records or any other appropriate medium, all instructions sent by the Client or communications maintained between the Client and the Bank (by telephone, electronic means, email, online services, SMS or any other communication channels that may be established in the future) for internal record-keeping purposes, verification of transactions carried out and instructions received, and, where required by law, such records may be used as evidence in legal proceedings if necessary.

Based on the legitimate interests of Banco Finantia S.A Sucursal en España:

• At BFS, we will process your data for the purpose of carrying out marketing activities, both general and tailored to your commercial profile, in order to offer you products or services of the Bank similar to those you have already contracted. Marketing communications may be conducted through any channel, including electronic means (email, fax, SMS, mobile applications, etc.).
• In the event of non-payment by you, such information may be disclosed to creditworthiness and solvency agencies (ASNEF-EQUIFAX), in accordance with the procedures and safeguards established under the legislation in force at any given time. The legitimate interest of BFS is to maintain adequate control and prevention of default situations, thereby contributing to the protection of the financial system and the economy in general by enabling third parties to access solvency information when assessing applicants for credit or risk transactions.
• At BFS, we will process and/or disclose your data to third parties, whether or not they belong to the Finantia Group, for the prevention, investigation and/or detection of fraud. The legitimate interest of BFS is to identify participants in fraudulent activities and take any actions deemed necessary.
• Management and monitoring of judicial, pre-judicial, administrative or arbitration proceedings affecting the Bank, including the management and handling of notices and requests from Public Authorities (e.g. attachment orders), as well as proceedings initiated against a Client of the Bank or against the Bank itself. BFS may share your data within the Finantia Group for purposes related to legal obligations, supervision and administrative, tax or organisational management.
• Verification of Personal Income Tax Returns(IRPF): Where applicable, BFS may consult information available through the Spanish Tax Agency website to verify that the tax return submitted corresponds to the authentic declaration.
• Employment Record Verification: In connection with certain applications, the Bank may request evidence of your employment history. Information obtained from the General Treasury of the Social Security System will be used exclusively for the above-mentioned purpose.

These legitimate interests respect your rights to personal data protection, honour, and personal and family privacy. At BFS, we consider that the legitimate business interest in promoting and expanding its activities through the offering of new banking products or services may never, under any circumstances, prevail over your rights.

You may object to any of the above processing activities based on legitimate interest and, where applicable, exercise your right not to be subject to a decision based solely on automated processing. To do so, you must contact the Data Protection Officer and explain the reasons for your objection.

Based on your explicit consent:

• BFS will process your data for the purpose of sending commercial communications, including by electronic means, regarding our products and/or services, even after the business relationship has ended.
• BFS will process the data provided by prospective clients in order to properly manage requests for information or product applications and to avoid duplication of procedures in the event of subsequent requests.
• At BFS, we will process your data for the purpose of enabling your participation in a recruitment and selection process where you have authorised us to do so.
• At BFS, we will process your image for the purpose of conducting a facial recognition procedure when you choose to complete an online account opening process (onboarding).

You may refuse the use of your data for these purposes at the time of entering into a relationship with the Bank or at any later time through the channels indicated in the section relating to the exercise of rights.

BFS informs you that, in the development, maintenance, performance, monitoring and control of the pre-contractual or contractual relationship between the account holder(s) and the Bank that may be established pursuant to this document, including, among others, transfer orders, payment service providers and related technology service providers to whom data may be disclosed in order to carry out transactions and fulfil legal obligations, the Bank may be required to provide certain tax-relevant information and anti-money laundering information to authorities or official bodies in other countries, whether inside or outside the European Union (and therefore, in the latter case, such countries may not always provide a level of protection equivalent to that established under Spanish legislation).