The end of the month is approaching and about 10 million retirees They are waiting in the bank account. Not only to keep your savings under control, which is nothing to write home about, but also because the pension collection date is coming.
Social Security regulations require monthly payments. must be available in the beneficiary’s account or partner bank on the first business day of the month the date of payment and, in any event, before the fourth calendar day of the same month.
Contributory pensions are deposited directly into bank accounts, except for those who are under 18 or legally disabled. Pensions for these are paid to those in charge of them.
Pensions, regardless of the Social Security regime they are affiliated with, It is paid in 14 installments, once a month, with two additional installments in June and November.It coincides with summer and Christmas respectively. Thus, the October payment is the last regular payment before the second extraordinary payment of the year.
It is also worth noting that pensions in 2023 have increased by 8.5% since January, according to the 2022 CPI. According to FUNCAS data, an increase of approximately 4.7% is expected for 2024.
When will pensions be paid in October?
While most banks process retirement deposits between the 23rd and 25th of each month, some do it even two days earlier.
These are the dates by which each financial institution will deposit pensions for September 2023. However, since the dates are indicative and may change, it is always recommended to check with your bank if you want to know a specific date. Anytime:
- Banker: Monday, October 23
- Engineers Fund: Monday, October 23
- CaixaBank: Tuesday, October 24
- – Santander: Tuesday, October 24
- Abanca: Wednesday, October 25
- BBVA: Wednesday, October 25
- Cajamar: Wednesday, October 25
- ING: Wednesday, October 25
- Ibercaja: Wednesday, October 25
- Kutxabank: Wednesday, October 25
- Sabadell: Wednesday, October 25
- Unicaja Bank: Wednesday, October 25