Hello I'm a 59 year old who wants to move to Spain and want to go live on what is in the bank(x2) plus a personal pensions (x2) after we sell our property and bought one in Spain we would have quite some
savings do we still need to put i think it's €700 a month we will get state pension in 6 years any info greatly appreciated thanks Michael
As Non Residents you do not have to make regular payments into your Bank account but pay around 30 Euros per Quarter in fees. After getting Residencia you should ask you Bank to change your account to an account for Residents. Our Bank is Sabadell and the account is called an Expansion Account and has no fees. I would suggest you speak to them regarding the crediting of 700 Euros as you say you would have a good sum in savings. Before we got our works pensions ( we are not state pension age yet ) paid into the account the Bank we simply lifted the 700 Euros from the Bank's ATM and went into the Bank to deposit the same amount back into the account, we had already asked in the Bank and were told this was okay. Nw the pensions are paid in we have no need to do anything.
Thank you that's very helpful i never thought about that with the bank good idea as I've an account with savagely Michael that's sabadell
Posted: Tue Jan 15, 2019 5:04am
Legendary helpful member
If I were you, I'd wait and see what the final outcome is regarding Brexit. Unless special arrangements are made for UK citizens, then it will be necessary to comply with non-EU citizen requirements, which are far more stringent:
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