With the end of the month approaching, many retirees and pensioners look at the account again with the same doubt, which is when the pensions are collected and, above all, what day they deposit them in their bank, whether CaixaBank, BBVA, Santander, ING or another entity. Social Security always pays pensions in arrears, and the payment must be made between the first business day of the following month and, at most, before the fourth calendar day. In February 2026 that takes us directly to March.
Now, in practice, most banks usually advance the money for a few days so that the pensioner has it before the end of the month. This advance is possible thanks to the Single Centralized Account of the General Treasury of Social Security (TGSS), included in article 24 of Royal Decree 696/2018. This system allows entities to know in advance who charges, how much they charge and thus anticipate the income, always respecting the so-called “value date”.
And this February has another element that should not be lost sight of, which is that the 2026 revaluation has already been applied. The Government approved that, in general, pensions rise by 2.7%, and also established relevant amounts such as the maximum pension and non-contributory pensions, which were already collected in January and will be collected again in February.
What day are pensions collected in February 2026
Social Security pays the February 2026 pension between Monday, March 2 and Wednesday, March 4, 2026, since, as we have explained, it does so in arrears.
Now, the vast majority of banking entities will advance the collection and make the deposit into the accounts of their pensioners between Friday, February 20 and Wednesday, February 25, 2026, according to the usual policy of each entity.
Below, you can check when each bank is expected to make the payment:
- Bankinter: Friday, February 20, 2026.
- Engineers’ Fund: Friday, February 20, 2026.
- Unicaja: Friday, February 20, 2026.
- Santander: Monday, February 23, 2026.
- CaixaBank: Tuesday, February 24, 2026.
- BBVA: Wednesday, February 25, 2026.
- ING: Wednesday, February 25, 2026 (it usually maintains the 25th even if it falls on a holiday, but here it is a working day).
- Sabadell: Wednesday, February 25, 2026.
- Ibercaja: Wednesday, February 25, 2026.
- Cajamar: Wednesday, February 25, 2026.
- Kutxabank: Wednesday, February 25, 2026.
- Abanca: Wednesday, February 25, 2026 (in some cases it may move a few days depending on operations/conditions).
The increase in pensions in 2026: what is collected in February
In February there is no “second increase”, but the revaluation approved for 2026 is maintained. As a general rule, pensions grow by 2.7% so as not to lose purchasing power. In addition, the decree published in the BOE leaves several pieces of information that are usually the most sought after:
- Maximum pension: is set at 3,359.60 euros per month (47,034.40 euros per year).
- Non-contributory retirement and disability pensions: 8,803.20 euros per year (629 euros per month in 14 payments).
- Complement to reduce the gender gap: 36.90 euros per month.
And other elements of the system are also updated (maximum contribution base, MEI and solidarity fee), although this mainly affects contributions and payrolls, not the “collection day” of the pension.
What to do if the pension payment has not been received?
If by Wednesday, March 4, 2026, the pension corresponding to February has not been received, the first thing to do is contact the bank. This initial consultation is used to check whether it is an operational problem, an account problem or a simple internal delay.
If the bank confirms that everything is correct on their part and that they have not received the transfer, the next step is to file a claim with Social Security. It can be done through the organization’s Electronic Office. And if you prefer in-person care, you can go to a CAISS, but in that case it is essential to request an appointment.