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Posted: Wed May 16, 2018 12:06pm
5 replies130 views4 members subscribed
natasha72

Posts: 2

Location: Algorfa

we are currently the sabadel bank but are constantly paying charges even to put money in the bank..can anyone reccomend a bank to change  too and is it easy

french martini

french martini

Very helpful member

Wed May 16, 2018 1:50pm

Posts: 1384

Location: Playa Flamenca

761 helpful posts

Posted: Wed May 16, 2018 1:50pm

Most accounts are the same in spain if you are non resident. Nicola.


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Kimmy11

Kimmy11

Very helpful member

Wed May 16, 2018 5:11pm

Posts: 657

660 helpful posts

Posted: Wed May 16, 2018 5:11pm

natasha72 wrote:

we are currently the sabadel bank but are constantly paying charges even to put money in the bank..can anyone reccomend a bank to change  too and is it easy

Do you have Sabadell's "Key Account" for Non-residents?  If so, you should be paying a quarterly charge of Eu 30 and every 2 years, each non-resident account holder is charged around Eu 35 for a certificate which banks have to provide by decree of the Spanish Government.  The only other charge we incurred was Eu 100 for a bank draft when we bought our property, but we were never charged for paying money in or account transactions.  Of course, they may have changed their terms since we opened our account 2 years ago, but it would be worth you double checking the paperwork you were given when you opened the account and challenge anything that doesn't look right.  I did this the first time we were charged for the Non-resident certificate, because they hadn't told us about it, and they refunded half as a gesture of goodwill.

Since becoming Resident, we have switched to Sabadell's "Expansion Account" which incurs no charges, so long as we pay a minimum of Eu 700 into the account each month.

Unlike the UK, banking in Spain, especially for Non-residents, is not free.  You may find a slightly cheaper option, but it's worth bearing in mind the extent of Sabadell's branch network and online offering. 

And for the avoidance of doubt, I don't work for Sabadell and only tolerate their lousy customer service because I haven't found a better alternative in Spain and their online banking means I've been able to reduce the time wasted in branch :o)  Deutsche Bank was another I considered, which matched Sabadell for services and costs, but they don't have the same availability of branches.

Good luck!

Kind regards,

Kim

Pacoboy

Pacoboy

Helpful member

Mon May 28, 2018 8:04pm

Posts: 220

Location: Algorfa

89 helpful posts

Posted: Mon May 28, 2018 8:04pm

Sorry but this is one of the hidden costs of living here I added it up last year and it over 120e

Kimmy11

Kimmy11

Very helpful member

Mon May 28, 2018 9:55pm

Posts: 657

660 helpful posts

Posted: Mon May 28, 2018 9:55pm

What are you sorry about? There's nothing "hidden", it just seems that we Brits are so used to "free" banking that those who don't research properly get caught out.

Pacoboy

Pacoboy

Helpful member

Mon May 28, 2018 10:16pm

Posts: 220

Location: Algorfa

89 helpful posts

Posted: Mon May 28, 2018 10:16pm

Nobody gets caught out but banks here have a way of not being transparent with there charges I have internet banking but if they send me anything in the post not asked for they charge the same if you try to pay money in they have always been like this in the last 15 years

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