Sick pay under the Spanish banking, savings bank and insurance agreements
Independent, non-governmental site
Pick your agreement, the cause and the days: you will see the statutory benefit, what the employer adds and the total, day by day.
Top-up: Banking
€1,188
100% of agreement pay for 18 months of sick leave due to illness.
| Statutory benefit | €2,412 |
| Employer top-up | €1,188 |
| Total you receive | €3,600 |
| Without leave you would have earned | €3,600 |
Top-up reference: pay. 25th agreement, in force 2024 to 2026 and extendable. Read in the BOE on 29 October 2026.
| Days | Dates | % | Who pays | Amount | Agreement |
|---|---|---|---|---|---|
| 1-3 | 29 Oct 2026 – 31 Oct 2026 | 0% | Nobody: unpaid days | €0 | + €180 |
| 4-15 | 1 Nov 2026 – 12 Nov 2026 | 60% | Employer, at its own cost | €432 | + €288 |
| 16-20 | 13 Nov 2026 – 17 Nov 2026 | 60% | INSS or mutua (advanced by the employer) | €180 | + €120 |
| 21-60 | 18 Nov 2026 – 27 Dec 2026 | 75% | INSS or mutua (advanced by the employer) | €1,800 | + €600 |
| Agreement | Article | BOE |
|---|---|---|
| XXV Convenio colectivo del sector de la banca | Art. 43. Enfermedad | BOE-A-2025-47 |
Prepared by Radif Partners · Method · Rules and agreements read in the BOE on 29 October 2026
The three national finance-sector agreements are among the most generous on sick leave. The banking agreement guarantees 100% of what you would earn at work for 18 months of leave due to illness, though its article 43 says nothing about work accidents. The savings bank agreement pays full actual salary for the first 12 months and 87.5% during the extension, and covers the first three days at 100% the first two times in a year and at 80% after that. The insurance agreement tops up pay whatever the cause, for up to 18 months and while the contract lasts. On a salary of 1800 euros, 60 days off sick in banking add up to €3,600: €2,412 of statutory benefit and €1,188 paid by the employer. Without an agreement you would receive the benefit only.
Banking: 18 months at 100%
The banking agreement (BOE-A-2025-47, article 43) is short and clear: for 18 months of leave due to illness, the employer tops up the benefit to 100% of the pay you would be owed under the agreement as if you were working. It makes no distinction between days, so day one is paid like day one hundred. There are two limits. If Social Security suspends the benefit, the top-up goes with it. And work accidents are not in the article. 25th agreement, in force 2024 to 2026 and extendable.
On a salary of €1,800, 60 days of leave for illness give €2,412.00 of statutory benefit and €1,188.00 of top-up: you receive €3,600.00, the same as at work. Without the agreement you would lose the first three days and get 60% up to day 20, as set by Royal Decree 53/1980.
Savings banks: a full year, then 87.5%
The agreement for savings banks and savings institutions (BOE-A-2024-11521, articles 64 and 65) uses actual salary. For the first 12 months you get 100%; during the six-month extension, 87.5%; and the same 87.5% continues if you are discharged after 18 months while the INSS decides on permanent incapacity, up to month 30 at most. That last stretch depends on a decision the calculator cannot know, so it leaves it out.
The first three days have their own rule: 100% the first two times in a calendar year and 80% from the third. On €1,800 a month, a first 30-day leave pays €1,800.00; a third, €1,764.00. 2024-2026 agreement.
First, second or third leave of the year
Top-up: Savings banks
€738
| Statutory benefit | €1,062 |
| Employer top-up | €738 |
| Total you receive | €1,800 |
| Without leave you would have earned | €1,800 |
Insurance: any cause, while the contract lasts
The agreement for insurance, reinsurance and collaborating mutuas (BOE-A-2026-16077, article 64) came into force on 12 August 2026 and replaces the 2020 to 2024 text. The employer pays the gap between the Social Security benefit and the pay you would earn at work, for illness or accident, for 18 months at most and while the contract continues.
A 30-day work accident on a €1,800 salary gives €1,365.00 of benefit, because the employer pays the day of the accident as wages and from the next day you get 75% of the base under Decree 3158/1966. The agreement adds €435.00, bringing it to €1,800.00.
What the table leaves out
These are the national sector agreements. Many banks and insurers have company agreements that improve on them, and the more favourable condition must be kept. The calculator uses the article published in the BOE: if your payslip says otherwise, your payslip prevails. For the 545-day limit on any leave, see the maximum length page.