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, 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
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
Read more...
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.
Posted: Sat Jun 19, 2021 9:54pm
Helpful member
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
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
Read more...
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.
Steve
Posted: Sat Jun 19, 2021 10:21pm
Helpful member
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.
Read more...
As already suggested, you could open a Wise account which will have a EU account number.
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...!!
Advertisement - posts continue below
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
If you go to Cajamar, "weferrent account" its free, no charges for residents and non residents.
Regards
Pauline
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.
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
Read more...
Pauline
Where is the nearest branch of Cajamar to Playa Flamenca?
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
Find more Banking and finances topics from a particular area:
Or view all Banking and finances topics in all of Costa Blanca.