In Spain, the receipt of the September pension represents a relief for pensioners after the summer period. Every month the National Institute of Social Security (INSS) makes payments to ensure that pensioners receive their benefits in a timely and efficient manner.
The rule states that this is the first working day of the month in which the payment is made (monthly in arrears) and always before the fourth calendar day of the same. This means that the public institution pays the pensions to the bank between the 1st and 4th of each month.
However, pensioners usually receive this income in their checking account before this point. The reason? Banks and savings banks usually prepay their customers’ social security payments by a few days. Most financial institutions keep the deposit date on the same day of each month, usually between the 21st and 26th.
The exact collection day depends on the calendar and the decision of the individual banks. In the case of this month of September 2023, the 22nd falls on a Friday, so most pensioners will receive the corresponding monthly payment from the following Monday. In addition, there may occasionally be delays in the entry of pensioners, but these are minimal, only a few days.
The most important dates
According to the HelpMyCash portal, these are the entities and the days on which payments will be made in September:
Why is it important to meet deadlines?
The pension system in Spain is a fundamental part of social well-being and provides an economic safety net for older people and those in vulnerable situations. Timely adherence to the payment schedule is essential to ensure retirees can cover their expenses and maintain a reasonable quality of life throughout the year.