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Bank charges

Posted: Wed Jun 9, 2021 4:53pm
38 replies627 views5 members subscribed
June33

Posts: 9

3 helpful points

Location: Benijofar

Joined: 5 May 2018

Hi, anyone have any advice regarding banking in Spain. I currently have an account with Sabadell however the charges are quite high.

Any advice would be very much appreciated

Thanks June

SteveMart

Posted: Sat Jun 19, 2021 11:15am

Posts: 35

26 helpful points

Location: Torrevieja

Joined: 28 Feb 2020

Posted: Sat Jun 19, 2021 11:15am

June33 wrote on Wed Jun 9, 2021 4:53pm:

Hi, anyone have any advice regarding banking in Spain. I currently have an account with Sabadell however the charges are quite high.

Any advice would be very much appreciated

Thanks June

Hi 

I too bank with sabadell , I was advised that all the banks charge in Spain, I think all you can do is shop around for the best deal you can get, and speak to someone Spanish and see what they pay.

Aspen1992

Posted: Sat Jun 19, 2021 9:54pm

Aspen1992

Helpful member

Posts: 355

310 helpful points

Location: Villamartin

Joined: 16 May 2020

Posted: Sat Jun 19, 2021 9:54pm

Hi June33

We have just closed our account with Sabadell due to the 140 euro a year charge, we use a company called Wise as do alot of non residents you can run all your DD's through it and the exchange rate is very reasonable.

Like most I had a Starling account which was used to do all our banking in Spain but with Brexit this has changed things as they have a GB IBAN with no pland to get a eurpoean IBAN, you require a european IBAN to connect your DD's as the Utility companoes wont accept GB IBAN now, Wise has a Belgian one which covers all your needs regards to setting up the DD's, I had an issue with Hidraqua although we are in Spain now and all sorted.

Regards

Andrew

tebo53

Posted: Sat Jun 19, 2021 10:10pm

tebo53

Legendary helpful member

Posts: 3781

4058 helpful points

Location: Benidorm

Joined: 29 May 2018

Posted: Sat Jun 19, 2021 10:10pm

June33 wrote on Wed Jun 9, 2021 4:53pm:

Hi, anyone have any advice regarding banking in Spain. I currently have an account with Sabadell however the charges are quite high.

Any advice would be very much appreciated

Thanks June

All banks now charge for accounts. Its quite expensive for non residents but it is also a hefty charge for residents.

I bank with Sabadell and I pay €60 per annum.

As already suggested, you could open a Wise account which will have a EU account number. 

https://wise.com/es/

Steve 

Aspen1992

Posted: Sat Jun 19, 2021 10:21pm

Aspen1992

Helpful member

Posts: 355

310 helpful points

Location: Villamartin

Joined: 16 May 2020

Posted: Sat Jun 19, 2021 10:21pm

tebo53 wrote on Sat Jun 19, 2021 10:10pm:

All banks now charge for accounts. Its quite expensive for non residents but it is also a hefty charge for residents.

I bank with Sabadell and I pay €60 per annum.

As already suggested, you could open a Wise account which will have a EU account number. 

https://wise.com/es/

Steve 

To be honest Steve I could live with €60 a year as a Dpanish account is useful but I am not paying £140 for nothing when all my DD's run through another bank without charge.

If your resident look at BBVA they have an online account with no charges...!!

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tebo53

Posted: Sat Jun 19, 2021 11:04pm

tebo53

Legendary helpful member

Posts: 3781

4058 helpful points

Location: Benidorm

Joined: 29 May 2018

Posted: Sat Jun 19, 2021 11:04pm

Aspen1992 wrote on Sat Jun 19, 2021 10:21pm:

To be honest Steve I could live with €60 a year as a Dpanish account is useful but I am not paying £140 for nothing when all my DD's run through another bank without charge.

If your resident look at BBVA they have an online account with no charges...!!

As you say Aspen, €60 per annum is quite manageable. 

Steve 

paulsav

Posted: Sun Jun 20, 2021 1:29pm

paulsav

Very helpful member

Posts: 1310

977 helpful points

Location: Villena

Joined: 4 Dec 2015

Posted: Sun Jun 20, 2021 1:29pm

tebo53 wrote on Sat Jun 19, 2021 11:04pm:

As you say Aspen, €60 per annum is quite manageable. 

Steve 

If you go to Cajamar, "weferrent account" its free, no charges for residents and non residents. 

Regards 

Pauline 

Allank

Posted: Mon Jun 21, 2021 7:27am

Posts: 84

29 helpful points

Location: Playa Flamenca

Joined: 30 Nov 2018

Posted: Mon Jun 21, 2021 7:27am

I want to leave Sabadell too and I hoped to use the Starling Account. I went to the Curenergia ( Iberdrola) office locally and she told me my GB Iban was OK and completed the forms there and then but I'm still not 100% confident she's right. 

Hydraqua told me via the online account service that I couldn't use a GB iban for a DD but said I could pay by bank transfer but I havent proved it yet.

In trying to switch insurance from Sabadell to Liberty I came to a halt when they said they couldn't put the policy in force without a Spanish bank account number.

My community tell me I can use Swift and they will pay any charges or I can do a bank transfer.

I havent got round to the Suma yet.

it's certainly a minefield.

Allank

Posted: Mon Jun 21, 2021 7:29am

Posts: 84

29 helpful points

Location: Playa Flamenca

Joined: 30 Nov 2018

Posted: Mon Jun 21, 2021 7:29am

paulsav wrote on Sun Jun 20, 2021 1:29pm:

If you go to Cajamar, "weferrent account" its free, no charges for residents and non residents. 

Regards 

Pauline 

Where is the nearest branch of Cajamar to Playa Flamenca?

paulsav

Posted: Mon Jun 21, 2021 9:34am

paulsav

Very helpful member

Posts: 1310

977 helpful points

Location: Villena

Joined: 4 Dec 2015

Posted: Mon Jun 21, 2021 9:34am

Allank wrote on Mon Jun 21, 2021 7:29am:

Where is the nearest branch of Cajamar to Playa Flamenca?

Google their website for info

Regards 

Pauline 

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