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Programa Prestige Direto

 

The Prestige Direto Solution - Start and Family is an Integrated Banking Products and Services Solution which is completely innovative in the market and is exclusively aimed at Individual Clients who are supported by the Prestige Direto platform.

It is a flexible solution that is tailored to the number of account holders in your current account!

Prestige Start is exclusive for accounts with only 1 account holder and Prestige Family is exclusive for accounts with 2 or more account holders.

Learn about the products that make up each of these solutions and choose the one that best suits your situation:

 

  Prestige Start Prestige Family
Current Account

Exemption from Account Maintenance fee, corresponding to a maximum amount of 5.20€.
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SEPA + Credit Transfers

Exemption from fee payment for SEPA Credit Transfers + in automatic channels subject to the specific limits of each channel and up to a maximum value of 99,999.99€ per transaction, the amount of 1€ per transfer.
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MB WAY transfers in the Millennium App

Exemption from MB WAY transfer fee, ordered from Millennium App, in the amount of
0.1% or 0.2%.
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Debit Card

Prestige Debit Card exemption of the annual fee in the amount of 23.50€.
1 card 2 cards
Credit Card

Prestige Credit Card
exemption of the annual fee in the amount of 50€ - 15.7% TAEG (Global Annual Effective Interest Rate)
1 card 2 cards
Pre-paid Card

Free Junior Card exemption of the annual fee in the amount of 10€.
1 card 1 card
Insurance

Gadget Theft Insurance with a capital of 250€ per annual fee and an excess of 50€ per claim.
1st account holder 1st and 2nd account holders
Multi-risk IT Electronic Equipment Insurance , with a maximum capital of 600€ per annual fee and an excess of 50€ per claim. 1st account holder 1st and 2nd account holders
Monthly package account maintenance fee (See table of package account maintenance fee below) 2.5€ /3.5€/8€ €3.5/€4.5/€8

This Solution has a monthly package account maintenance fee depending on the number of account holders, age and the Customer's financial engagement with the Bank that varies between 2.5€ and 4.5€, otherwise the monthly fee is 8€. All the fees indicated are subject to Stamp Tax.

1€ account maintenance fee monthly package for 3 months For Clients subscribing the solution at the website until June 30, 2022.

 

Table of conditions for access to discounts on the monthly package account maintenance fee of the Prestige Direct Start and Family Solutions:

Prestige Direct Solution criteria
  Prestige Start (1 holder) Prestige Family (2 or + holders)
  >= 18 < 30 years old >= 30 years old >= 18 < 30 anos >= 30 anos
With Prestige Customer criteria 2.5€ 3.5€ 3.5€ 4.5€
Without Prestige Customer criteria 8€ 8€

All above fees are subject to the Stamp tax in effect.

Prestige Customer Criteria
Age Financial Assets or Salary or Inflows
>=18 < 35 >=20.000€ >= 1.500€ >= 3.000
>=35 <45 >= 35.000€ >= 2.000€ >= 4.000
>= 45 >= 50.000€ >= 2.500€ >= 5.000

Inflows: regular monthly transactions in the current account.

Switching between the Prestige Start and Prestige Family solutions

If you add more account holders, you will automatically be switched to the Prestige Family solution. If you remove holders from your account, leaving you as the sole account holder, you will automatically be switched to the Prestige Start solution.

Financial Assets

For the purposes of accounting for Financial Assets, the 1st holder of the current account is deemed to have the sum of the average balances of the current accounts where he/she is the 1st holder and of the savings and investments associated with the same(s).

Salary or Pension/Retirement Domiciled

For the purposes of accounting for the value of the salary or pension/retirement domiciled, all regular transfers received in the month are added up, duly coded at source with the ISO code "SALA" or "PENS", respectively, from all current accounts in which the Client is the first holder. For this calculation, values of a non-regular nature are excluded (e.g: Holiday or Christmas subsidy, supplements, one-of bonuses).

Prestige Credit Card: 15.7% TAEG (Global Annual Effective Interest Rate) and 10.500% TAN (Nominal Annual Rate) for a 2,500€ credit limit paid over 12 equal monthly repayments, plus interests and expenses. Annual Fee: 50€. Subject to credit assessment.

Exemption from payment of MB WAY Transfer fees made on the Millennium App, in the amount of 0.1% or 0.2% of the transfer amount, depending on ordered from a debit or credit card respectively, even for operations over €30 or a total of €150 or 25 transfers per month.

All fees are subject to the applicable Stamp tax.

Insurance

Prestige Start:
In both situations, only the equipment owned by the 1st holder is insured.

Prestige Family:
In both situations, only the equipment owned by the 1st and 2nd account holders is insured, and the limits indicated above are the aggregate annual limits for each of the insurances.

Advertisement. The information on insurances does not dispense with the reading of the legally required pre-contractual and contractual information.

New Customer: the minimum amount to open an account is 250€.

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