Millennium Account Programa Prestige: Fee Reduction Conditions and Amounts

Important Disclaimer

⚠️ This information is current as of December 1, 2025. Bank fees and conditions are subject to change. For the most up-to-date and accurate information, always consult the official Millennium BCP website or contact the bank directly.

Base Account Maintenance Fee

€15.00 per month (€180.00 annually)

Plus €0.60 stamp duty per month (€7.20 annually)

Total: €15.60 per month (€187.20 annually)

Fee Reduction Conditions and Amounts

Reduction Level 1: €6.00 per month

Conditions (must meet ONE of the following):

Option A - Salary or Pension Deposit:

•Have your salary or pension directly deposited to the account with a minimum monthly value of:

•€2,500 (for general customers - age 45+)

•€2,000 (if primary account holder is aged 35-44 years)

•€1,500 (if primary account holder is under 35 years)

Option B - Financial Assets:

•Maintain average monthly financial assets of:

•€50,000 (for general customers - age 45+)

•€35,000 (if primary account holder is aged 35-44 years)

•€20,000 (if primary account holder is under 35 years)

Reduced Fee: €6.00 per month (€72.00 annually)

Savings: €9.00 per month (€108.00 annually)

Reduction Level 2: €5.00 per month

Conditions (must meet ALL of the following):

1.Financial Assets (REQUIRED):

•Maintain average monthly financial assets of:

•€50,000 (for general customers - age 45+)

•€35,000 (if primary account holder is aged 35-44 years)

•€20,000 (if primary account holder is under 35 years)

AND

2.One of the following (choose one):

Option A - Salary/Pension + Digital Documents:

Option B - Credit Card Spending + Digital Documents:

•Have your salary or pension directly deposited to the account with a minimum monthly value of €750

•AND subscribe to the digital documents service (free service)

•Make minimum monthly credit card purchases of €250 (in purchases at ATMs or payment terminals)

•AND subscribe to the digital documents service (free service)

Reduced Fee: €5.00 per month (€60.00 annually)

Savings: €10.00 per month (€120.00 annually)

Important Notes

Grace Period

If you stop meeting the fee reduction conditions, you will continue to benefit from the reduced fee for a maximum of 6 consecutive months. After the 6-month grace period, if the conditions are still not met, the fee will revert to the full €15.00 per month from the 7th month onwards.

Financial Assets Definition

For determining financial assets, the bank considers:

•The sum of average balances across all current accounts where you are the primary account holder

•Plus any associated savings accounts and investments

•Calculated as a monthly average

Card Spending Exclusions (for Level 2, Option B)

When calculating monthly credit card spending for fee reduction purposes, the following are NOT counted:

•Cash withdrawals (debits)

•Cash advances (credits)

•Bill payments (with entity and reference numbers via ATM, website, or app)

•Government payments, taxes, and social security payments

•Tolls and low-value payments (Via Verde, etc.)

•Meal voucher purchases

Digital Documents Service

The digital documents free service is a requirement for Level 2 fee reduction. This means you must opt-in to receive your account statements and documents digitally rather than in paper format.

Fee Reduction Summary Table

Reduction Level	Monthly Fee	Annual Fee	Conditions
No Reduction	€15.00	€180.00	None
Level 1	€6.00	€72.00	Salary ≥€1,500-€2,500 OR Assets ≥€20,000-€50,000
Level 2	€5.00	€60.00	Assets ≥€20,000-€50,000 AND (Salary ≥€750 + Digital Docs OR Card Spending ≥€250 + Digital Docs)

Promotional Offer

€5.00 per month for the first 3 months for customers who join via the website until December 31, 2025.

From the 4th month onwards, the fee will be adjusted based on which reduction conditions you meet.

Age-Based Thresholds

The salary deposit and financial assets requirements vary by the primary account holder's age:

Age Group	Salary for Level 1	Assets for Level 1	Salary for Level 2
Under 35 years	€1,500	€20,000	€750
35-44 years	€2,000	€35,000	€750
45+ years	€2,500	€50,000	€750

Practical Examples

Example 1: Young Professional with Salary Deposit Only

•Age: 28 years old

•Monthly salary deposit: €1,600

•Financial assets: €10,000

•Digital documents: Not subscribed

•Eligible for: Level 1 reduction (€6.00/month) - meets salary requirement

•Monthly cost: €6.00 (€72.00/year)

•Annual savings vs. base fee: €108.00

Example 2: Mid-Career Professional with Assets and Salary + Digital Docs

•Age: 40 years old

•Average financial assets: €40,000

•Monthly salary deposit: €800

•Digital documents service: Subscribed

•Eligible for: Level 2 reduction (€5.00/month) - meets all requirements

•Monthly cost: €5.00 (€60.00/year)

•Annual savings vs. base fee: €120.00

Example 3: Retiree with Assets Only

•Age: 55 years old

•Average financial assets: €50,000

•No regular salary/pension deposit

•Digital documents: Not subscribed

•Eligible for: Level 1 reduction (€6.00/month) - meets assets requirement

•Monthly cost: €6.00 (€72.00/year)

•Annual savings vs. base fee: €108.00

Example 4: Young Professional with Card Spending + Digital Docs

•Age: 32 years old

•Average financial assets: €25,000

•Monthly salary deposit: €500 (below €750 threshold)

•Monthly credit card purchases: €300

•Digital documents service: Subscribed

•Eligible for: Level 2 reduction (€5.00/month) - meets all requirements (assets + card spending + digital docs)

•Monthly cost: €5.00 (€60.00/year)

•Annual savings vs. base fee: €120.00

Example 5: Customer Who Doesn't Meet Conditions

•Age: 50 years old

•Average financial assets: €15,000

•No regular salary deposit

•Monthly credit card purchases: €100

•Digital documents: Not subscribed

•Eligible for: No reduction - doesn't meet any Level 1 or Level 2 requirements

•Monthly cost: €15.00 (€180.00/year)

How to Qualify

To access fee reductions, you must:

1.Ensure the conditions are met each month - The bank reviews your account activity monthly

2.Maintain consistent deposits or assets - Salary deposits must be regular and coded with ISO "SALA" (salary) or "PENS" (pension)

3.Subscribe to digital documents (if pursuing Level 2) - This is a free service available through your online banking

4.Monitor your account - If you stop meeting conditions, you have a 6-month grace period before the full fee applies

Key Differences Between Levels

Level 1 (€6/month):

•Easier to qualify

•Only need to meet ONE condition (salary OR assets)

•No digital documents requirement

Level 2 (€5/month):

•More restrictive

•Must have financial assets (required)

•Plus one additional condition (salary + digital docs OR card spending + digital docs)

•Saves €1/month (€12/year) more than Level 1

Conclusion

The Programa Prestige account's fee structure is flexible and designed to reward active banking customers. By meeting specific conditions, you can reduce the monthly fee from €15.00 to as low as €5.00. The key distinction is:

•Level 1 is easier to achieve and requires only salary/pension OR assets

•Level 2 requires financial assets PLUS either (salary + digital docs) OR (card spending + digital docs)

The 6-month grace period provides additional flexibility if your circumstances temporarily change.