How to change Bizum bank?

Bizum has changed your life: settling debts, splitting expenses and generally sending and receiving money the easy and simple way. That’s why you want to take Bizum with you wherever you go, for example, when you change banks.

So, if you have a new bank and you need to change Bizum bank you have to keep reading this article because we explain the two ways to do it.

However, if you plan to close your first bank account, it is important that you complete this process or unsubscribe Bizum before doing so. Otherwise, an error will occur, since you will still be registered in Bizum and it will not let you register with the new account.

Steps to change Bizum bank by portability

The first method to change Bizum bank is through portability. It’s a very simple system and will take you barely a minute (or maybe two 😉).

In this case, the process of changing Bizum bank is handled alone. How?

1. Through the application of your new bank, enter the Bizum area.
2. When you try to log in, a message will appear asking if you want to change your Bizum bank.
3. Confirm the change and… send and receive bizums!

Zero mystery and zero hassle! Now you can let whoever you want know that you have been able to change Bizum bank by sending a bizum, the recipient will be happy.

Steps to change Bizum bank by deregistration

The second method is also very simple, but requires some extra steps to switch Bizum to another bank:

1. Enter the Bizum area of your current entity and, in the settings section, select the unsubscribe option.
2. Once the cancellation is confirmed, register with your new bank by following the usual Bizum activation process, and enjoy the easiest payment method ever!

I am going to change my Bizum bank, how many banks can I have Bizum with?

You can change Bizum bank whenever you want, but remember that, for security reasons, we limit the association of phone numbers with a single account (IBAN) of a single bank.

In other words, dear bizumer, this means that the association between phone numbers and IBAN can be done in more than one way:

• A single bank account associated with a single phone number. It’s the most common, your account, your IBAN, your Bizum. It’s as simple as that.
• One bank account associated with two phone numbers. A very common way for people who share the same bank account. This way they can both send and receive Bizum without having to say the dreaded phrase “I don’t have Bizum”.
• Two bank accounts, in two different banks, associated to two different phone numbers. This is the solution for those who need to have Bizum in two banks and not to change Bizum bank constantly: have another phone number, even prepaid, to have two accounts with Bizum.

Any doubts? Although we think it’s pretty clear… 😉

Is there any cost to change Bizum bank and is there any limit?

Bizum meets the three B’s: good, nice and cheap. So no, there is no cost associated with it for users, nor is there any cost associated with changing Bizum banks. So you can change Bizum bank as many times as you want and, the most incredible thing, without any cost.