BFF Bank, S.P.A. Sucursal en España products, services and reviews

About BFF Bank, S.P.A. Sucursal en España

BFF Bank, S.P.A. Sucursal en España is the Spanish branch of BFF Bank S.p.A., a specialist European bank listed on Borsa Italiana that focuses on working-capital solutions for suppliers to public administrations and the healthcare sector. In Spain the bank combines corporate services—such as non-recourse factoring, reverse factoring, receivables management, and collections on invoices owed by public bodies—with retail funding through its online deposit brand Cuenta Facto, which offers a remunerated savings account and fixed-term deposits for Spain-resident customers via digital onboarding. Deposits placed with the Spanish branch are obligations of BFF Bank S.p.A. and are covered by Italy’s Fondo Interbancario di Tutela dei Depositi up to €100,000 per depositor per bank, in line with EU rules; the branch is subject to home-country prudential supervision by Banca d’Italia and local conduct oversight by Banco de España. The deposit offering is positioned for savings rather than day-to-day payments, so cards, cheques, and current-account services are limited or not available; funding and withdrawals typically occur by bank transfer under the conditions set out in the contractual terms. Interest rates, maturities, renewal options, early withdrawal rights or restrictions, and fees are defined in the precontractual documentation and pricing schedule and may change; fixed-term deposits commonly require funds to remain until maturity, while the savings account allows transfers subject to published rules. Interest for Spanish tax residents is generally subject to withholding in Spain and reported to the tax authorities, and non-residents may need to provide documentation to apply treaty relief where applicable. Customer-facing documentation and service are available in Spanish, with a formal complaints procedure that can be escalated to the Banco de España claims service if needed. Prospective clients should confirm current eligibility criteria, identification requirements, deposit protection details, and product terms directly with the bank before opening an account.