Warning to Sabadell bank Expansion account customers
I visited La Marina branch of Sabadell this morning as I had seen posts regarding charges being levied on Expansion account customers. We were informed that all customers will be charged 5 Euros a month from 1/12/2019 with the first payment being taken in March 2020.
We were told that the only way to avoid these charges is to either have one of their insurance products or an investment account with them. Normal deposit accounts will not be sufficient.
We were told that we had been informed of the changes via message on our internet banking but we have received nothing nor have other customers we have spoken to.
We have decided to move our accounts to another bank and are investigating possibilities at the moment. We are moving the account on principle even if we cannot get a better deal elsewhere.
What really is upsetting is that they are still advertising free Expansion accounts on their website. Total misrepresentation in my opinion.