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Opening a bank account

Posted: Wed Jun 29, 2022 8:43pm
4 replies148 views3 members subscribed
Deannixon

Posts: 15

1 helpful points

Location: Benidorm

Joined: 29 Jun 2022

We're trying to open a bank account with sabadell so asxwe can complete a purchase on a holiday home. Can I bring a bankers draft from IKEA with me or must I open account with a Spanish bank 

GrahamLynn

Posted: Wed Jun 29, 2022 11:37pm

GrahamLynn

Legendary helpful member

Posts: 2479

2342 helpful points

Location: El Raso

Joined: 9 Jul 2017

Posted: Wed Jun 29, 2022 11:37pm

Hi Deannixon and welcome to the forum.

Do IKEA have a full banking service and are they able to issue bankers drafts  in euros as well as being able to set up direct debits for your utility bills.
I’m asking as I was aware that they ran full banking services, I’ve heard of an IKEA  credit card but that’s it, so I’m not sure if it’s a physical bank or an online bank. Most of the online banking services can’t produce bank drafts.  You will also need to be able to draw out a substantial amount of cash to pay your legal bills on the day of purchase. For the direct debits you’d need an EU IBAN number.

If the account gives you access to these they I would think you should be OK, but I would ask your solicitor, he’ll need your bank details anyway to set up your direct debits.

Lynn

Stephanie86

Posted: Thu Jun 30, 2022 1:23pm

Stephanie86

Legendary helpful member

Posts: 2734

2045 helpful points

Location: Lliber

Joined: 4 May 2017

Posted: Thu Jun 30, 2022 1:23pm

You could always transfer the funds to your abogado’s client account , assuming they will be accompanying you to the notario, let them make the transfer which will give you time to sort out banks once here. It’s what we did and was painless.

YvonneF

Posted: Sun Jul 3, 2022 6:17pm

Posts: 53

17 helpful points

Location: Torrevieja

Joined: 26 Jan 2022

Posted: Sun Jul 3, 2022 6:17pm

Just a warning: I opened a Sabadell account in Torrevieja just over a month ago. When I returned to the UK a few days later, I applied for online banking...should have been a simple admin procedure. I'm still waiting (5 weeks and counting) for my User ID and password. 

Their customer services are a joke - I've been in contact daily with them (email, twitter, hotline) and they keep telling me it's being "looked at". Meanwhile, I've deposited some money into the account but can't verify that it arrived safely so absolutely won't transfer any more money in yet. 

I was intending to keep the account, not just for the house transfer, but not now!

So that's my personal experience of Sabadell, not a happy one.

Deannixon

Posted: Sun Jul 3, 2022 7:29pm

Deannixon

Original Poster

Posts: 15

1 helpful points

Location: Benidorm

Joined: 29 Jun 2022

Posted: Sun Jul 3, 2022 7:29pm

Thanks Yvonne. We're hear now with an appointment on Tuesday. 🤞🤞

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