Redsys/Imagin (Imagin Bank) review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Imagin charges a monthly fee of €0 with a currency conversion fee of 0%, so everyday costs sit at the floor. It suits people living in Spain who bank mainly in euros and rarely need a branch. Deposits sit under EU DGS cover at EU DGS up to EUR 100,000.
Key facts
- Best for
- Euro day to day banking in Spain with no monthly cost and no conversion charge.
- Monthly fee
- €0↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Currency conversion fee
- 0%↗
- Free ATM withdrawals
- €0↗
- Transfer fee
- Free SEPA transfers, in under 10 seconds↗
- Support channels
- Chat, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- imaginbank.com
Money transfer
Facts checked September 26, 2026, 3 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- LinkedInXblog.imagin.com
Pros and cons
Pros
- Monthly fee of €0 on the savings pots and everyday account
- Currency conversion fee of 0%, with free ATM allowance of €0
- Deposits covered at EU DGS up to EUR 100,000
- SEPA transfers are Free SEPA transfers, in under 10 seconds and land in Under 10 seconds
Cons
- Support runs on chat and help centre only, so there is no phone or email line
- Payouts run through bank and cash pickup, which rules out card and wallet payouts
- Transfers are SEPA, so cross currency sends need another service
Who it suits
- People resident in Spain who spend in euros
- Savers who want a pot with no monthly fee
- Anyone who wants quick SEPA transfers
Who should look elsewhere
- Anyone outside Spain needing local account details
- People who want a phone or email support line
- Skrill, if you need card or wallet payouts instead
Who runs it
Imagin is a Spanish bank supervised by Banco de España, listed with the licence number 2100. It also appears on the insurance distribution register kept by the Direccion General de Seguros y Fondos de Pensiones, under OE0003. Support runs through chat and help centre, so help comes by live chat and a help centre rather than a phone line.
How Redsys/Imagin (Imagin Bank) compares
9.1 vs 8.7
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9.1 vs 8.0
9.1 vs 8.9
9.1 vs 9.1
9.1 vs 9.2
9.1 vs 8.7
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9.1 vs 8.7
9.1 vs 9.0
9.1 vs 8.7
9.1 vs 9.5
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
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9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 8.9- 9.1 vs 8.9
9.1 vs 8.7
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.4
9.1 vs 8.3
9.1 vs 8.2
9.1 vs 8.1- 9.1 vs 8.1
9.1 vs 8.0
9.1 vs 8.0
9.1 vs 8.0
9.1 vs 9.1
Where Redsys/Imagin (Imagin Bank) is available
- Available
- Spain
- Licence in Spain
- Banco de España (2100), checked September 26, 2026
- Licence in Spain
- Direccion General de Seguros y Fondos de Pensiones (DGSFP) - insurance distribution register (OE0003), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold an account?+
The monthly fee is €0 on the savings pots and everyday account, and the currency conversion fee is 0%. ATM withdrawals have a free allowance of €0. The account is listed under a no monthly fee model, so the day to day cost is at the floor.
Is my money protected?+
Deposits are covered at EU DGS up to EUR 100,000, which is the EU deposit guarantee scheme. The bank is supervised by Banco de España under 2100, so it holds a full bank licence rather than an e-money licence.
How fast do transfers arrive?+
SEPA transfers are Free SEPA transfers, in under 10 seconds and land in Under 10 seconds. The transfer fee itself is €0, so a euro transfer to another account costs nothing to send.
How do I get money out?+
Payouts run through bank and cash pickup. Bank payouts cover the normal case, and cash pickup covers receiving money in person. Card and wallet payouts are not part of the list.
How do I get help?+
Support runs on chat and help centre, meaning live chat and a help centre. There is no phone or email channel listed, so time sensitive problems have to go through chat.
Is there a savings option on top?+
The savings pots carry a monthly fee of €0 and sit under a no monthly fee model. They are the same account family, so you can hold a pot alongside the everyday balance without extra cost.
Who is this account built for?+
It fits people living in Spain who pay and spend in euros, since transfers are SEPA and the currency conversion fee is 0%. Anyone banking in another single market, or needing local details abroad, is better served by a provider licensed there.
Sources
- imaginbank.com checked September 26, 2026
Backs: Free ATM withdrawals, Delivery time, Currency conversion fee, Payout methods, Support channels, Transfer fee, Fee to send 1,000
“You can withdraw cash with no commission with imagin across the whole network of CaixaBank ATMs in Spain, more than 11,000 points available”
- imagin.com/ahorro/huchas-ahorro checked September 26, 2026
Backs: Pricing model, Monthly fee
“Maintaining the associated imaginBank account costs 0 EUR; transfers between the Huchas account and your other accounts cost 0 EUR/month”
- imagin.com/cuentas/cuenta-corriente-sin-comisiones checked September 26, 2026
Backs: Deposit protection, Licences
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currencies.
Related by the facts
Redsys/Imagin (Imagin Bank)
Euro day to day banking in Spain with no monthly cost and no conversion charge.