Did your bank raise charges on transfers from the UK to Spanish bank accounts from 1/1/2021?

Posted: Sat Jan 9, 2021 9:56pm

13 replies556 views14 members subscribed

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Mike1953

Posts: 45

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Location: Alicante City

Joined: 9 Jan 2021

I received the following message from a so far reliable currency broker:

''Although the UK has now left the EU, we are still a member of the Single European Payments Area (SEPA). This should mean that European banks continue to process international transfers to and from the UK, as before, without any additional charges.

However, it appears that some banks, particularly in Spain, are imposing additional charges on all payments to or from the UK, including when receiving funds on your behalf from us''.

My Spanish bank confirmed that for transfers from the UK that there is a minimum charge of the higher of 18 euros or 0.35% of the sum received in my Spanish bank account from the UK, as a result of Brexit from 1/1/2021.

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Posted: Sun Jan 10, 2021 11:43am

RobertBB

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Location: Torrevieja

Joined: 9 Jun 2020

Posted: Sun Jan 10, 2021 11:43am

We will be making a transfer shortly to Sabadell, will advise if i see charges.

Posted: Sun Jan 10, 2021 12:22pm

Bazzer

Posts: 29

13 helpful points

Location: Guardamar del Segura

Joined: 1 Mar 2020

Posted: Sun Jan 10, 2021 12:22pm

RobertBB wrote on Sun Jan 10, 2021 11:43am:
We will be making a transfer shortly to Sabadell, will advise if i see charges.

Hi

Been told if you have a Sabadell Key account no charges but if a Expansion account there is charges

Let us know if any different

Barry

Posted: Sun Jan 10, 2021 3:12pm

Anne1939

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Location: La Marina

Joined: 18 Aug 2020

Posted: Sun Jan 10, 2021 3:12pm

Bazzer wrote on Sun Jan 10, 2021 12:22pm:
Hi
Been told if you have a Sabadell Key account no charges but if a Expansion account there is charges

Read more...

Let us know if any different
Barry

Hi I have the Key Account and did a transfer last week from my U.K. bank no charges deducted

Copied from Sabadells website:

Free reception of transfers from non-EEA countries in the same currencies (up to €50,000

Posted: Sun Jan 10, 2021 6:17pm

shawland

Posts: 8

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Location: San Miguel de Salinas

Joined: 21 May 2017

Posted: Sun Jan 10, 2021 6:17pm

Anne1939 wrote on Sun Jan 10, 2021 3:12pm:
Hi I have the Key Account and did a transfer last week from my U.K. bank no charges deducted
Copied from Sabadells website:

Read more...

Free reception of transfers from non-EEA countries in the same currencies (up to €50,000

I have a Expansion account and was charged €18.00 last week for a UK transfer, I will be having words with Sabadell I will not put up with this charge.

Posted: Tue Jan 12, 2021 4:34pm

tebo53

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Posted: Tue Jan 12, 2021 4:34pm

This post that was quoted has been deleted.

I am with Sabadell and have the expansion account. I transferred €700 last week through Transferwise and did not get any charges.

Steve

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Posted: Wed Jan 13, 2021 8:57am

Martyn1986

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Location: Villajoyosa

Joined: 23 Aug 2020

Posted: Wed Jan 13, 2021 8:57am

Sabadell we found jas lots of hidden charges. We transfer from UK to La Caixa absolutely free of charge last time was roughly 400pounds no problems at all.

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Posted: Wed Jan 13, 2021 1:49pm

Handbag1

Posts: 62

45 helpful points

Location: Torrevieja

Joined: 26 Feb 2020

Posted: Wed Jan 13, 2021 1:49pm

I have sent this email to Starling and await response.

I have a Starling Euro account and transfer €700 every month. This month I got charged by Sabadell in Spain for receiving this. They responded with asked with the following.

"This commission is when you receive a bank transfer from a country where is out of the European Union, it is 0.35% of the amount of the transfer with a minimum of 18€. It is since UK is out of the EU”

There is much discussion on various forums regarding this. Some are saying they are being charged to send Euros from Starling to Sabadell and others are saying they are not.

What information do Starling have on this and are you looking at a way of resolving, by being able to send on our behalf via a Euro IBAN?

So many of us are very happy using Starling, but are now having to look at other alternatives for our banking unless this is resolved.

Posted: Thu Jan 28, 2021 6:14pm

Tony333

Posts: 68

39 helpful points

Location: Torrevieja

Joined: 29 Apr 2016

Posted: Thu Jan 28, 2021 6:14pm

Handbag1 wrote on Wed Jan 13, 2021 1:49pm:
I have sent this email to Starling and await response.
I have a Starling Euro account and transfer €700 every month. This month I got charged by Sabadell in Spain for receiving this. They responded with asked with the following.

Read more...

"This commission is when you receive a bank transfer from a country where is out of the European Union, it is 0.35% of the amount of the transfer with a minimum of 18€. It is since UK is out of the EU”
There is much discussion on various forums regarding this. Some are saying they are being charged to send Euros from Starling to Sabadell and others are saying they are not.
What information do Starling have on this and are you looking at a way of resolving, by being able to send on our behalf via a Euro IBAN?
So many of us are very happy using Starling, but are now having to look at other alternatives for our banking unless this is resolved.

Transferwise have a european iban and because of this there are no additional charges for transfers using Transferwise,