Which banks have Bizum and how to activate this transfer method
Bizum is a widely used instant money transfer service in Spain that allows users to send and receive money through their mobile devices quickly and securely.
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Although it originally originated in Spain, Bizum has gained popularity and has been adopted by several banks in different European countries.
Let's take a look at the main banks that offer this functionality and how you can activate the transfer method on your bank account.
What is Bizum?
The Bizum transfer method was launched in October 2016 by several banks in Spain, such as Banco Santander, BBVA, Sabadell, Bankia and CaixaBank.
The idea was to create a mobile and instant payment system that was also safe, easy and accessible to use for all bank customers throughout Spain.
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And that idea has become a reality. Today, Bizum is widely used because it is a system that facilitates money transactions made through smartphones, without the need to physically use credit or debit cards.
Payment via Bizum is made instantly and makes your daily life more agile, easy and even comfortable.
It is a valid measure that can be used in both online and physical stores, and it is completely free.
And if you're wondering about the security of the service, don't worry: it has advanced layers and security measures that will keep your monetary transactions safe.
However, it is an application that is still limited in its availability, only for some clients of specific banks, but the idea is that in the long term it will be available to all citizens in all banks.
The service also has a limit on its transactions, so there is a certain amount that can be transmitted and received per day, as well as per month.
But its greatest advantage lies in the convenience it provides to users, allowing them to purchase using Bizum as a means of payment in both online and physical stores that have the service terminal.
Plus, it's a great way to share invoices with friends and family quickly and easily.
Which banks have Bizum?
Now that we know more about the instant financial transaction service, Bizum, we can talk about the banks that have the feature, so you can find out if yours is on this list.
Since its launch in 2016, the service already has more than 25 million active users, 38 affiliated banks, is accepted in 58,700 online stores and can be used to donate to more than 9,000 different NGOs.
Check which banks offer the Bizum service:
- Santander Bank Argentina;
- BBVA, Banco Bilbao Vizcaya Argentina;
- Caixa Bank;
- Sabadell Bank;
- Unicaja Bank;
- Kutxabank;
- Rural Savings Bank;
- iberCaja;
- Cajamar Cooperative Group;
- Abanca;
- Bankinter;
- Laboral Kutxa;
- Evo Bank;
- March Bank;
- Eurocaja Rural;
- Engineers box;
- Pueyo Bank;
- Mediolanum Bank;
- Cajalmentralejo;
- Arquia Banca;
- Bancofar;
- Caminos Bank;
- Bank of Deposits;
- Caixa Guissona;
- Caixa Ontinyent;
- Cajasur;
- Caixa Pollença Colony;
- Creand Bank;
- Deutsche Bank;
- Imagine;
- ING Bank;
- MoraBanc;
- Myandbank;
- Banoc N26;
- Openbank;
- Orange Bank;
- Renta4banco;
- Targo Bank.
How do I activate the service with my bank?
To activate the service you will have to open your bank's app, if it is on the list of banks that have this functionality, and look for the section that says Bizum.
In your application you will find the option to activate the service and to complete the process you must add your phone number and your ID.
After adding your correct details, you must accept the terms and conditions. Read them first if you still have questions about how the service works, and link your bank account to Bizum.
During the activation process, you will need to create a security PIN to make your transactions easier and safer, of course.
Can I transfer the service to another bank?
Yes, it is possible to transfer Bizum to a new bank, you just have to repeat the same process and when the option to request a change of entity appears, press accept.
It is very simple and to do so you will need to add your phone number and DNI, National Identification Document, again.
Bizum has been revolutionizing the way payments are made since 2016, and more and more banks are using the service to provide convenience to their customers.
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