Have you ever thought about changing banks without any worries? That's what the Bankinter Account Change Service offers. He takes care of the bureaucracy and procedures while you stay calm.

This is a service very similar to the Open Banking that came into force in Brazil some time ago. In the case of Brazilian financial services, the customer can ask one financial institution to provide another with detailed information about their history as a customer.

In the case of Open Banking, what is intended, then, is transparency and increased possibilities for better services for Brazilians. In Bankinter's account change service, this authorization is only given to grant data and account transfer.

To find out more, keep reading and see everything about the service! So, if you have an account at another bank, but want to become a Bankinter customer, see that everything can be done without any headaches or worries!

The service works like this: imagine you have a bank account and want to change it to Barkinter. Typically, this type of situation requires closing accounts at one institution and simultaneously opening another account at another institution.

Note, then, that this is a very bureaucratic process. Still, it is a waste of time and can delay the consumer's plans. But with Bankinter's Account Change service this is not a problem.

After all, when you subscribe to this service, Bankinter itself is responsible for transferring your account from one bank to another. In fact, this also goes the other way. That is, to transfer from the Bankinter account to another.

If the customer wishes, they can maintain two accounts at the same time. If not, simply inform on the transfer form your intention to close the origin account and keep only the destination. That is, to get rid of the first one you had and only keep the new one.

For this change to occur, some crucial steps must be taken. Each of them refers to a phase in the current bank account change process. Furthermore, they have their own deadlines and needs.

So, see what they are and how they are characterized. Then, see how to use and join the Bankinter Account Change Service.

First of all, the bank where you intend to make the new account contacts the original bank. By doing so, you want two things:

The second phase of Bankinter's Account Change Service depends on the originating bank fulfilling a series of duties. Among them are:

Furthermore, the originating bank must take other measures within a period that the customer grants in the authorization given to the destination bank. In this case, the minimum term is 6 months and it allows the originating bank to:

Firstly, know that the Bankinter Account Change Service is free. That is, it does not charge any fees. And this is valid whether Bankinter contains the destination account or the origin account.

Furthermore, it is important to clarify that fees may be charged when, for example, Bankinter is the destination account and has a membership fee.

But how do you join the service? This will always occur with the presentation, by the customer, of a signed authorization intended for the destination bank. It is this bank, then, that contacts the bank of origin to begin the procedures.

However, if you already have an account at Bankinter and want to change it to another institution, note that the letter is directed to the other bank. He is the one who will contact Bankinter to continue the necessary procedures.

Regarding account change authorizations, some caveats are necessary. Firstly, if the account has more than one holder, the authorization needs to be signed by all account holders. Otherwise, it will be invalid.

Furthermore, the account change request must accompany an authorization of the tasks that allow the transfer to take place.

In other words, whether they are all services or just some. In this case, you must nominate them one by one, otherwise there will be no transfer.

Therefore, see how Bankinter's Account Change service came to help with the bureaucratic procedures typical of changing banking institutions.

Finally, it is worth noting that this account change service is only available to banks and financial institutions in Portugal. In other words, if you want to change an account from another country to Bankinter or from Bankinter to another nation, the service will not be available.

And if you want to find out how to open the Mais Ordenado Bankinter account, check out our content below!