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Press Release: Notice to Members and Supporters

ASMAA wishes to inform all its supporters and donors that as a result of the Banco Santander Totta takeover of Banif, some hiccups have occurred during the transfer of accounts from Banif to its new owner.

This complex process has affected the Association’s bank account, which was with Banif and was transferred to Santander Totta.

Some computer errors, relating to the transfer of the account, were identified about a week ago and the Association's bank account has been put on hold until the matter is rectified. This means that, for the time being, any donations paid to ASMAA's bank account will be bounced back.

Situations like this can happen when one bank takes over another one and tries to interface two or more different computer systems. It is unfortunate that ASMAA is affected and Santander staff are doing all they can, as fast as they can, to rectify this glitch.

We are working closely with bank staff to make sure everything gets back to normal as soon as possible.

In the meantime, you can still make donations into ASMAA’s Paypal account, but we ask that you do not attempt to transfer donations directly to ASMAA's bank account until we can confirm that the account is fully active and operating correctly.

We apologise for this inconvenience and thank all our supporters for their tolerance.


ASMAA Management

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0 # Martin Hullett 2017-09-13 22:32
SANTANDER - Interesting INFO ...


Oil and Gas Finance

Santander's Oil and Gas Finance Division specializes in customized lending solutions for the US oil and gas industries covering upstream, midstream and downstream sectors. ...

read the rest in the link above
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0 # John 2017-09-13 14:51
Interesting timing for Santander to F...up! Wonder on who's political payroll are the bank staff responsible for this. Maybe ASMAA must check what are their political affiliations! Just a though.

Bankers are assholes in general and in Portugal their reputation is in tatters because of some very dubious actions. Nothing coming out of that bunch surprises me anymore.

Move your account to a coop - not sure if you have them in Portugal, know that we have them in the UK.

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0 # Peter Jones 2017-09-13 08:56
Santander? Stay away from them, they the biggest schusters out there. They fund the oil industry, they up to their necks in it.

Was this action intentional to shut up ASMAA? Makes one rethink the banking industry in PT and its corruptive relationships with Big Portuguese oil (Galp/Partex)an d Government doesn't it?

Kick their asses ... and move your account is my advice.
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  • ASMAA - Algarve Surf and Marine Activities Association
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    Porto de Môs
    Lagos 8600-580
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