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Banca March - Crecemos con valores, crecemos juntosNews

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At Banca March, we want to keep you always informed, and this section gives you the opportunity to find out whatever you want to know about.

05/29/2020

Banca March is paying pensions early, on 25 May

  • Bank customers with government pensions paid into their bank account can collect their pension from 25 May.
  • This measure is intended to minimise queues.
  • Banca March's branches have contacted older clients to advise them on the use of remote banking and cards.

Banca March has decided to pay its customers' pension benefits from 25 May, making an advance payment of their social security pension benefits to their accounts for the third consecutive month.

This is a measure in support of older groups. It aims to minimise the formation of queues in branches and limit the risks of contagion by taking all public health measures announced by the authorities.

Banca March branches are contacting customers in this group to advise them, if needed, on the use of remote banking and cards.

Since the 16 March (and until 31 July), cash withdrawals of over 150 euros have been free of charge to all Banca March cardholders at any ATM in Spain and worldwide.

After almost a century in operation, Banca March has one of the highest capital equity ratios in Europe. Over these 94 years, the bank has been a privileged spectator of the most important events in the world since 1926 and, in turn, has gained solid experience to face complex scenarios, such as the current crisis.

BANCA MARCH ADDRESSES THE CHALLENGES OF THE COVID-19 CRISIS

Our main concern during the health crisis created by the coronavirus has been to take the necessary measures to preserve the health of our professionals, both in Spain and Luxembourg, as well as that of our customers, maintaining and ensuring business continuity.

Distance working measures have been implemented across all areas, both in central services and in the commercial network, so that almost all professionals have the necessary means to work from home. We have strengthened our digital tools and doubled our efforts to remain very close to our customers, strengthening communication with them and offering full accessibility to our managers and market experts.

One of the key priorities of Banca March is to protect the assets of its customers. That is why our model, which seeks to achieve long-term results, is based on offering prudent advice, from the most conservative to the most determined portfolios, while serving as a buffer against levels of volatility that have not been seen since 1929.

But the best protection system in times of turbulence is the soundness and proven strength of Banca March's business model, as reflected by its financial ratios, which place it among the most solvent banks in Europe, with a solid and historical base of own resources and equity, the lowest default rate in Spain and the highest levels of liquidity in the sector. These robust foundations enable us to bring determination and commitment to the uncertainty surrounding the current health crisis. We are very aware of how necessary it is to maintain close contact with our customers at this challenging time, and that is where our efforts are focused, fulfilling our promise of joint growth.

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