Finance

Grant Payments

Stipend payment schedules are entirely contingent on your Grant program, with some programs that are co-financed, receiving funds from multiple entities. For this reason, the Commission will review payment schedules at Orientation by program. Each grantee will receive an email with an overview of the payment scheduling following your first payment, which is issued as soon as possible upon arrival.

 

Grantees receive the stipend payments and allowances as specified in the Grant Authorization:

Student grantees and Postdoctoral Reseachers will receive this document once all of your Grant details are confirmed, including school placement for Teaching Assistants, approximately in mid-June. The only payment that can be requested in US$ and before your arrival in Spain is the travel allowance (see below).

 

Senior Scholar grantees will receive stipend payments in one lump sum upon arrival in Spain. Senior Scholars on grants for up to 180 days can request their Grant stipend payments in either US$ in your U.S. bank account or in € in a Spanish bank account you open once you have arrived in Spain.

Travel Allowance

You are eligible to receive the travel allowance ONLY once you have uploaded the required documentation to the Fulbright.es Portal and the Commission has received notification from IIE of your Approved Medical Clearance status. You will receive an email from your Main Contact at the Commission once you are eligible. The travel allowance is a fixed amount and all grantees will receive it in full, regardless of the final cost of their round-trip travel.

 

 

 

If you wish to receive your travel allowance in US$:

  • Prioritize obtaining Medical Clearance and uploading required documentation
  • Reply to the “Travel Allowance: USD or Euros?” email, requesting the allowance in dollars and confirming that the bank information entered meets the required standards for our Finance Department to issue an international transfer (see below).
  • Email your Main Contact authorization, if you wish to send the allowance to an account that is not in your name:
    • i.e. I, Jane Garcia, authorize the Commission to transfer my tavel allowance to Alberto Garcia’s account.

Uploading your Bank Details

To avoid delays in payments, be sure to triple check the account number, SWIFT code and other relevant information when inputing your U.S. and/or Spanish bank account information Fulbright.es Portal:

For a U.S. bank account
  • The name of the bank account holder as it appears on the account
  • The name of the bank
  • The branch’s complete address
  • The account number
  • The SWIFT code (please read restrictions below)

NOTE: Due to restrictions on transferring money internationally, the Commission can issue transfers ONLY to U.S. banks that have their own SWIFT code (Investment Accounts, Credit Unions and other small, local banks, do not have their own SWIFT code). If you do not have an account in your name at a major bank (i.e. Bank of America, Chase, etc.) and would still like to receive your travel allowance in US$, the Commission can issue the transfer to the account of a family member or close friend. However, you must authorize us to do so in writing (via email).

 

For a Spanish bank account (once you have opened one):
  • The name of the bank account holder (“titular de la cuenta“) as it appears on the account
  • The IBAN code (beginning with ESXX)

Grant deferral or extension

Grant deferrals and/or extensions are unfortunately not available. The maximum grant length for Student (TAs, Master’s Candidates, and Predoctoral Researchers) grantees and Postdoctoral Scholars is nine months, and for Senior Scholars as denoted in the Catalog of Awards (generally speaking, 3-6 months).