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When is Christmas extra pay collected: at the beginning of the month or at the end?

When is Christmas extra pay collected: at the beginning of the month or at the end?

One of the best times of the year for Spanish workers is coming: the end of the year, and with it, the pay extra of Christmaswhich is charged the last month of the year. But, What day will they receive it in their pockets?

Those workers whose salary is divided into 14 annual payments, that is, 12 corresponding to the months of the year and two extraordinary, This December they will receive, in addition to their salary, extra Christmas pay. However, there are some companies that advance this money to the month of November.

As for the day, although it is not fixed by law, the extra is usually charged starting on the 15th day of the last month of the year and before Christmas Eve.

The extra pay is established in the workers’ payroll, since corresponds to the worker’s base salary. That is, if an employee receives 1,500 euros monthly divided as follows: 1,200 euros of base salary and 300 euros of supplements, his or her extra pay will be 1,200 euros.

Workers with 12 payments have the extra proratedthat is, they receive it distributed throughout the year.

As for pensioners, things are different. In fact, they will have already received the Christmas extra, since they usually do so between November 22 and 26.

Some banking entities They even advance the payment. These are the approximate dates:

  • CaixaBank: November 24.
  • Santander: November 22.
  • BBVA: November 25.
  • ING: November 25.
  • Sabadell Bank: November 25.
  • Bankinter: November 21.
  • Abanca: November 25.
  • EVO Bank: November 27.

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