Targobank, S.A.

Targobank, S.A. is a Spanish retail and commercial bank that operates under the Single Supervisory Mechanism, supervised by Banco de España with European Central Bank oversight, and its eligible deposits are covered by the Spanish deposit guarantee scheme up to €100,000 per depositor. The bank is part of Crédit Mutuel Alliance Fédérale and focuses on day-to-day banking for individuals and small businesses, including current and savings accounts, term deposits, debit and credit cards, SEPA payments, and consumer lending such as personal and auto loans; underwriting commonly reflects income verification, credit history, and affordability metrics. It also provides online and mobile banking for account management, transfers, bill payments, and card controls, with strong customer authentication in line with PSD2; biometrics and multi-factor login are typically available on supported devices. Customers can access service via branches, web, and phone, though the physical footprint is smaller than that of Spain’s largest banks and ATM access may involve fees outside partner networks; standard charges may include account maintenance, card issuance/renewal, non-SEPA transfers, and early withdrawal penalties on fixed-term deposits. For businesses, the bank offers accounts, payments, and working-capital lending, with merchant services available through partner arrangements; some investment and insurance products are distributed subject to CNMV and insurance mediation rules, and market-linked products carry capital risk. International transfers are processed via SEPA and SWIFT with cut-off times and currency conversion costs disclosed in pre-contractual information, and pricing, rates, and eligibility vary by product and customer profile. Complaint handling follows Spanish regulation with an internal customer service unit and recourse to the Banco de España claims service if needed. Prospective customers should review the bank’s current schedule of fees, interest rates, and key information documents before contracting, and confirm regional availability and identification requirements during onboarding.