Which banks have Bizum: Does it have commissions?  How are transactions justified?

The Bizum, the initiative of the Spanish bank for payments between users easily, instantly and free, it is here to stay. The convenience of transactions has made most of the people already have more than internalized its use, although there are others who still resist using it.

Being a Spanish initiative, most of the banks that operate in our country have the instant and free payment service enabled. This is the list of banks that have Bizum:

  • CaixaBank / Bankia
  • ​Santander
  • BBVA
  • Sabadell
  • Kutxabank
  • Rural Box
  • Unicaja Bank
  • IberCaja
  • Cajamar Cooperative Group
  • Abanca
  • Bankinter
  • Liberbank
  • Kutxa Labor
  • EVO
  • BancaMarch
  • Eurocaja Rural
  • Engineers Box
  • Banking Pueyo
  • Mediolanum
  • Cajalmendralejo
  • Arquia Banca
  • The bank
  • Caixa Guissona
  • Caixa Ontinyent
  • Cajasur
  • Deutsche Bank
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  • ING
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  • Orange Bank
  • Targo Bank

Entering the Bizum website, you can see this entire list of banks that have the service and, by clicking on the logo, You can download the bank’s website and follow the instructions to activate Bizum.

Does Bizum cost money?

As indicated by the platform, Bizum has no cost for users. However, the commissions will depend on the policy of each entity, so it is best to consult directly with the bank.

In general terms, it can be said that none of the large banks in Spain charge any type of commission to users for activating or using Bizum, although they do some limitations are established on its use, such as the following:

  • Minimum amount per transaction: 0.50 euros
  • Maximum amount per transaction: 1,000 euros
  • Amount of transactions received per customer in one day: 2,000 euros
  • Number of operations received by a client in a month: 60 operations
  • Maximum number of recipients to include in a multiple request / shipment: 30 recipients.
  • Duration of pending shipment to a Non-customer: 2 days
  • Duration of the pending request to a Non-client: 7 days
  • Maximum storage time of additional content on servers of the service: 30 days

Even so, each entity can establish its own limits regarding Bizum, but always respecting those set by the platform.

How to justify bank transactions with Bizum

The increasingly widespread use of the Bizum makes Treasury also review these movements. However, most payments with Bizum are of small amounts that go unnoticed, something that is recommended to be the case, as recommended from Viola Pérez Tax Lawyers, since if Bizum is used frequently and there are always movements between the same two people, the Tax Agency could put the focus there.

Therefore, the use of Bizum is preferable to limit it for payments of small amounts of money, especially, if there is no proof of payment.

In fact, the Treasury and the banks are in frequent contact, since The latter must provide their clients’ data to the Tax Agency in the case of income, cash withdrawals and transfers made with 500 euro banknotes, operations that exceed 10,000 euros, transactions greater than 3,000 euros in cash and loans and credits of more than 6,000 euros, as explained from the tax consultancy You.


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