When are pensions collected in November: date in Caixabank, Santander, ING, BBVA and other banks

Those who have two extraordinary payments that are collected along with the usual payroll. Thus, in these months of the year the amount increases. One of them occurs in the month of November.

According to data from the Ministry of Social Security, Inclusion and Migration, the payroll for the month of November of contributory pensions reached 7,499.06 million euros on November 1. In this way, the average retirement pension reached 953.70 euros, while the system’s average pension stood at 834.99 euros per month.

The pension collection date in November

Any of the pensions that are integrated into Social Security are collected in 14 payments, one for each month plus another two payments for the extra pay. The exception is those that arise from work accidents and occupational diseases since their extra payments are prorated throughout the year.

The rule dictates that the payment date will be the first business day of the month in which the payment is made (monthly in arrears) and always before the fourth calendar day of the month. Which implies that it should be charged between the 1st and 4th of each month. However, since the banks already have all the information, they usually advance the payment and The most normal thing is that they are paid between the 22nd and 26th of each month.

The banks already have the information, which is why some of them advance the monthly payments. Below you can see the collection date, according to each bank.

These monthly payments are paid in full, including that corresponding to the month in which the right expires.