Pibank
Pros & Cons
Pros
- Deposit protection: DGS €100k (ES — Fondo de Garantía de Depósitos)
- EBN Banco's online brand
- remunerated account with no vinculación plus a fixed-term deposit
- FGD-covered
Cons
- —
Rating breakdown
Why this score
Good fit for
- you want yield on an idle balance (up to 2.37%)
- you receive SEPA transfers
May not fit if
- you need to hold USD
- you need crypto in or out
This is a licensed bank, so eligible deposits are protected by the deposit guarantee scheme (DGS) up to €100,000 per customer. That's a key safety factor when choosing.
- Licence
- Bank · Banco de España
- IBAN
- ES
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
Deposit & savings rates
Compare all deposits →DGS €100k protected DGS €100k (ES — Fondo de Garantía de Depósitos)
| Product | Currency | TAE / APY | Term | Conditions | Source |
|---|---|---|---|---|---|
| Depósito a plazo 12 meses | EUR | 2.37% | 12 mo. | Requiere cuenta Pibank asociada. Cancelación anticipada parcial/total con penalización. Renovación automática. | Sourceas of 2026-06-23 |
| Cuenta Remunerada | EUR | 1.76% | On demand | Sin vinculación, sin mín./máx., desde el primer euro, nuevos y existentes. Cubierto por FGD. | Sourceas of 2026-06-23 |
Editorial review
Data reviewed by Ilya ChernetskiyFounder and editor, nomonedaUpdated: 2026-08-15
Pibank is a licensed bank (Banco de España), so eligible deposits carry DGS €100k (ES — Fondo de Garantía de Depósitos).
It is a local bank licensed in ES supporting EUR. FX model: EUR-only.
It tends to suit online-only banking, no-strings remunerated account, fgd-covered eur savings.
Fees & terms
- Exchange rate
- EUR-only
- Card cost
- Free debit card only on Cuenta Nómina (≥€1,000/mo domiciled income); Cuenta Remunerada has no card
- Local-currency withdrawal
- Not disclosed
- USD withdrawal
- Not disclosed
- Withdrawal fees
- Not disclosed
- Limits
- Not disclosed
- USD yield
- Not disclosed
- Cashback
- Not disclosed
- Currencies
- EUR
- Cards
- Global Physical, Global Virtual
- Transfers
- SEPA in/out, SEPA Instant in/out
- Payments
- Apple Pay, Google Pay
- Licence
- Bank — Banco de España
- IBAN
- ES
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
- FX model
- EUR-only
- Opening requirements
- NIE/residency in Spain; fully remote
- English support
- No
- Remote opening
- Yes
- Headquarters
- Spain
Transfer routes
One row per direction, rail and currency — with what we hold on fees, speed and limits. A blank fee is not a free transfer; it is a fee we have not collected.
| Route | Fee | Speed | Limits |
|---|---|---|---|
| SEPAincomingEUR | Not published | Not published | — |
| SEPAoutgoingEUR | Not published | Not published | — |
| SEPA InstantincomingEUR | Not published | Instant | — |
| SEPA InstantoutgoingEUR | Not published | Instant | — |
Who holds your money
The name on the app is not always the company holding the balance, and deposit protection follows the licence rather than the brand.
| Role | Organization | Answerable for | Applies to |
|---|---|---|---|
| Licence holder | PibankBanco de España | Operating under regulatory permission | All currenciesDGS €100k (ES — Fondo de Garantía de Depósitos) |
| Deposit guarantee | DGS €100k (ES — Fondo de Garantía de Depósitos)Banco de España | Paying out if the deposit holder fails | EURDGS €100k (ES — Fondo de Garantía de Depósitos) |
Recent updates
- 2026-08-15checked11 facts about Pibank re-checked against their sources
- 2026-06-23checked2 deposit rates at Pibank re-checked
3 similar services
Chosen by overlap in what people use them for, not by category — the services that would land in the same shortlist as this one.
| Service | Score | Documents | Head-to-head |
|---|---|---|---|
| Openbank | 69/100 | Needs NIE/residency in supported market; fully remote | Compare |
| DKB | 66/100 | Needs Anmeldung/German address; remote opening with German docs | Compare |
| EBN Banco | 71/100 | NIE/residency in Spain; checking account required to open a deposit; fully remote | Compare → |
User reviews
User score
No reviews yet.
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FAQ
- Is my money protected?
- Yes. Pibank holds a full bank licence (Banco de España), so eligible deposits are protected by DGS €100k (ES — Fondo de Garantía de Depósitos).
- What IBAN and transfers?
- Pibank issues a ES IBAN. SEPA Instant: send + receive.
- Can I open remotely, in English?
- Opening is remote. Support is mainly local-language. Requirements: NIE/residency in Spain; fully remote.
Data provenance & verification
Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.
Independently corroborated, rated on the full model and checked within the year. This service can appear in our ranked picks.