I am looking at changing my bank from Banco Sabadell. They charge me 160 for a current account. The service is poor. Can anyone recommend one that is easy to change my direct debit payments? Thank you.
Has to be ‘wise’ formally transferwise. You get a uk account number and a euro account number on the same account. Easy to transfer funds from £’s to €’s and back again at probably the best transfer rates about. The euro account is based in Belgium so your IBAN number is excepted in Spain to pay direct debits. I used it pay my electricity, water, house / car insurance and SUMA. I also use for all contactless payments. You can withdraw cash with it but you are restricted to €200 / month, I don’t use much cash these days as contactless is so easy so this is not an issue for me.
Posted: Thu Sep 23, 2021 8:10am
Legendary helpful member
Posted: Thu Sep 23, 2021 10:10am
Super helpful member
Hi
Just to clarify, you are not limited to 200 per month, but if you exceed 200 there are charges.
Cheers
Steve
Posted: Thu Sep 23, 2021 10:23am
Helpful member
Wise ,all my DDs etc , every day! John
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Posted: Thu Sep 23, 2021 10:35am
Helpful member
ken21 wrote on Thu Sep 23, 2021 12:04am:
I am looking at changing my bank from Banco Sabadell. They charge me 160 for a current account. The service is poor. Can anyone recommend one that is easy to change my direct debit payments? Thank you.
All Spanish banks charge for a non resident acc-open an on-line account with Wise-free direct debits & no fees!!!!
Stevec2x wrote on Thu Sep 23, 2021 10:10am:
Hi
Just to clarify, you are not limited to 200 per month, but if you exceed 200 there are charges.
Read more...
Cheers
Steve
Sorry, did explain that well.
Posted: Wed Sep 29, 2021 3:02pm
Also looking to change bank account from sabadell. Do wise set up your new direct debits with them or do you have to arrange changes yourself. Wise sounds the account I would want to have
Posted: Wed Sep 29, 2021 6:21pm
MargaretB wrote on Wed Sep 29, 2021 3:02pm:
Also looking to change bank account from sabadell. Do wise set up your new direct debits with them or do you have to arrange changes yourself. Wise sounds the account I would want to have
Yes I am definitely going to set up a Wise money transfer account when I go back to the UK. I would like to know more about transferring my Direct Debit payments to Wise also. Thanks
Posted: Wed Sep 29, 2021 6:33pm
MargaretB wrote on Wed Sep 29, 2021 3:02pm:
Also looking to change bank account from sabadell. Do wise set up your new direct debits with them or do you have to arrange changes yourself. Wise sounds the account I would want to have
I'm in the process of changing my direct debits from Sabadell to Revolut. You have to do it yourself. It's not difficult once you get started on it although I notice that some companies are slower than others. The last straw for me with Sabadell was 55euro for last quarters fees.
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