Banco popular-e wizink
Wizink bank wikipedia
On December 5, 2015, the branches acquired from Citibank through Bancopopular-e were closed, with former customers becoming internet banking customers and having to go to other branches of the Banco Popular group.[9] On June 30, 2016, Bancopopular-e was renamed WiZink.
On June 30, 2016, Bancopopular-e was renamed WiZink, shifting its focus to the cards and deposits business. The rest of the products were now managed through Banco Popular.[10]
Wizink Bank has been condemned in several conditions for the usurious terms it applies to its customers. The judgment of the First Chamber of the Supreme Court of March 4, 2020 (Roj: STS 600/2020) fixed as jurisprudence that from 20% APR a credit card can be considered usury. Wizink cards offer cards with up to 30% APR. After this ruling, Wizink began to offer cards with interest rates close to 20% in order to avoid the massive claims suffered by the entity. [19] [20] [21]
Wizink customer service
Popular’s digital banking division, Bancopopular-e, has rebranded and is now WiZink, an online bank that aims to become a benchmark in the credit card business and offer its customers simple savings solutions.
WiZink, which has a customer base of more than 2.5 million customers and a team of more than 700 professionals, will manage 1,800 million euros in card customer balances and more than 2,300 million euros in deposits -customer liabilities-.
Wizink customers
On December 5, 2015, the branches acquired from Citibank through Bancopopular-e were closed, with former customers becoming internet banking customers and having to go to other branches of the Banco Popular group.[9] On June 30, 2016, Bancopopular-e was renamed WiZink.
On June 30, 2016, Bancopopular-e was renamed WiZink, shifting its focus to the cards and deposits business. The rest of the products were now managed through Banco Popular.[10]
Wizink Bank has been condemned in several conditions for the usurious terms it applies to its customers. The judgment of the First Chamber of the Supreme Court of March 4, 2020 (Roj: STS 600/2020) fixed as jurisprudence that from 20% APR a credit card can be considered usury. Wizink cards offer cards with up to 30% APR. After this ruling, Wizink began to offer cards with interest rates close to 20% in order to avoid the massive claims suffered by the entity. [19] [20] [21]
Wizink pt
When bancopopular-e changed its name to Wizink, not all its customers were transferred to this new entity, but only those who had deposits or cards were affected by the change. The rest became part of Banco Popular.
This move had immediate consequences for its customers. The main one was that they could no longer use Banco Popular branches to carry out certain procedures, as had been the case until then, and, instead, they would have to carry out all formalities through the Wizink website, its app or their phone. However, Wizink would respect the conditions of the products that users had contracted with bancopopular-e up to the time of renewal.
Wizink’s offer of savings products is formed, on the one hand, by Wizink Deposit 36 months, which offers a return of 0.8% on the amount you deposit, which will have to comprise between 5,000 and 250,000 euros. As for the settlement, it will be quarterly, that is, every three months Wizink will pay the interest generated to your bank account.
