With the end of the month approaching, all retirees and pensioners ask themselves the same question: when are their pensions collected and more specifically when do they deposit them in their bank, be it CaixaBank, BBVA, Santander or ING, among others. Social Security regulations establish that pensions are always collected in arrears between the 1st and 4th of the following month, although most banking entities usually advance it in order to provide greater liquidity to pensioners and retirees.
The possibility of advancing the pension is thanks to what is known as the Single Centralized Account that the General Social Security Treasury (TGSS) has with banking entities and which is found in article 24 of Royal Decree 696/2018. This mechanism allows banks to know several days in advance who their beneficiaries are and the amount of pension they must collect, so they can advance the deposit always doing so before the “value date”, which is the maximum date to make the deposit.
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What day are pensions collected in October 2025?
Social Security pays the October 2025 pension between November 1 and 4, since, as we have explained, it does so in arrears. Now, the vast majority of banking entities will advance the collection and will make the payment to their beneficiaries between October 23 and 24. This month, the 25th falls on a Saturday, so most banks that usually pay on the 25th (such as BBVA or ING) will advance the payment to Friday the 24th, the previous business day.
Below, you can check when each entity is expected to make the payment:
- Bankinter: Thursday, October 23
- Engineers Fund: Thursday, October 23
- Unicaja: Thursday, October 23
- Santander: Friday, October 24
- CaixaBank: Friday, October 24
- BBVA: Starting Friday, October 24
- Sabadell: Friday, October 24
- Ibercaja: Friday, October 24
- ING: Starting Friday, October 24
- Abanca: Starting Friday, October 24
- Cajamar: Starting Friday, October 24
- Kutxabank: Starting Friday, October 24
What to do if the pension payment has not been received?
If by November 4 you have not received the pension corresponding to October, the first thing to do is contact the bank. This query will allow you to verify that there is no problem with the account or with the usual income operations.
In the event that 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. To do this, the management can be carried out through the organization’s Electronic Headquarters, or if in-person management is preferred, go to a Social Security Information and Service Center (CAISS), for which it is essential to request an appointment.