Bank Charges

Yes, and online but everything else we get from them is in Spanish.

Thanks for the info Cheryl.

Just looking at those house insurance quotes...seems high enough.  
AXA only charge us  200€ for similar to your Sabadell quote.
Mapfre with bank was close to 400€.

And why 30k difference between the buildings insurance amounts?
Seems being over OR under insured is not a good idea for insurance companies?  

Bankinter don’t require any minimum amount going into account.

60€ per YEAR.   Seems fair enough as we use their ATM as much as possible and have direct debits etc.

If Resident and depositing pensions there would be no charge they said.

I’m sure if you are happy with the house insurance quote then it’s okay but seems bank is going to make money out of it!

Maria

Hello Maria, we didn't have figures to hand in the banks so they just applied a guesstimate. To me, €180k odd is a ridiculous amount for rebuilding costs for a single skin 180 m2 construction with a corrugated roof but there you go. We have to do a serious costing for contents though as we have 4 bathrooms, bottled gas central heating, a new kitchen and tiling throughout and that is before we add furniture etc.
My morning's reading tomorrow will be the Sabadell terms and conditions, I mean, are the electrics also within contents, thinking in the case of a total loss? Considering in the event of a forest fire/earthquake/flood they wouldn't be paying out a penny and from many comments on this forum and Talk Quesada, the Consortium don't want to pay out either!
Possibly the type of property could affect the premium as we have a detached country villa on 3000 m2.
Good to have comparisons though.
At least next Friday there will be someone we can speak to in English when we arrive with our list of questions.

I am under the impression that bankinter have increased their charges from February, this information was on a post earlier this year on this website. 

I'm resident and with Caxia. 

I have two UK pensions transferred in each month. 

I have no additional products other than a savings A/C into which I automatically transfer a set amount each month. 

I pay ZERO charges and never have even before I got residency.

What little paperwork there has been has been mostly in English. 

My online banking is all in English as is my smartphone app, and ATMs. 

Hi Cheryl,

It is so difficult to get answers to the fine details as you say.  Electrics would be costly to replace.   Kitchen and bathrooms very high costs.   😨

It is very scary to read the comments from householders who have been let down by all insurers as a result of flooding.  What were they supposed to do differently?

Good luck with reading.   Yes I’m sure your insurance is different as we’re supposed to have some insurance cover from being covered under “community” for buildings.

Thanks for your information.

Kind regards

Maria

Yes perhaps Bankinter have increased now. 

But our letter was dated before February and said 60€ for one year.  After that who knows?   We will probably have to shop around.  

Hi Movingon, I'm guessing we both bank at the Albatera branch? We have had low charges since we opened the account, reduced when we became residents, can't remember off hand how much but nothing which bothered me enough to do anything about it. We went in there today and that was what we were told. Maybe your savings account and/or pensions are high enough to warrant a different outcome but for us the new charges will come in 1st April by which time we will have closed it completely.
As we were sat in front of him speaking English and he still gave us complicated terms and conditions in Spanish then the level of customer service alone would be enough to make me leave, especially knowing now that others get them in English!

Along with your pensions, your "additional product" IS the savings account, hence why you get free banking.