Assistance, yes. Complications, no
We want to be there for farmers and small businesses like yours, by offering you the best service options for your operations
- If you establish direct depositing of your assistance or social security payments, we'll waive the fees.
- There's no need to worry about when you will receive money from this Assistance, because Bankia will advance you what you need.
- More than 300 professionals specialised in this sector are at your service.
- With a wide range of products and services adapted to the farming and ranching sector.
What is the duration of a guarantee?
A guarantee can have effective or nominal maturity, or it can be indefinite.
In the event of having nominal maturity, it is required that the same one is returned for the cancellation of the guarantee, whereas the effective maturity, arrival the maturity date, the guarantee is considered cancelled to all intents and purposes.
What interest is paid on a guarantee?
No interest is paid on a Guarantee, but rather risk fees and issuing expenses, if it is issued via SWIFT.
The standard in terms of the risk fee charging methodology is for quarterly settlements paid in advance.
What are international guarantees?
The main international guarantees are those of tender, early payment, performance, guarantee and retention in the field of "technical" guarantees and payment guarantees and financial guarantees in the "financial" field.