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Any suggestions for Banks in Denia/Spain generally for holiday home owners?

Posted: Tue Dec 31, 2019 3:52pm
24 replies544 views8 members subscribed
bulkbiker

Posts: 32

11 helpful points

Location: Javea / Xàbia

Joined: 26 Nov 2019

Thinking of buying in Denia or environs.. who should we open an account with to run the house remotely...

Our Spanish pretty non-existant at the moment..! 

Thanks all

John56

Posted: Tue Dec 31, 2019 4:00pm

John56

Legendary helpful member

Posts: 2995

5635 helpful points

Location: La Zenia

Joined: 7 Jul 2016

Posted: Tue Dec 31, 2019 4:00pm

Without doubt Sabadell, been with them for over four years, great service in branch or online, English speaking staff in every branch, English language website, low fees for non residents and no fees for residents making regular deposits each month.

bulkbiker

Posted: Tue Dec 31, 2019 5:54pm

bulkbiker

Original Poster

Posts: 32

11 helpful points

Location: Javea / Xàbia

Joined: 26 Nov 2019

Posted: Tue Dec 31, 2019 5:54pm

Many thanks John will check them out.

Wendy99

Posted: Wed Jan 1, 2020 8:34am

Posts: 98

48 helpful points

Location: Benijofar

Joined: 30 Sep 2018

Posted: Wed Jan 1, 2020 8:34am

Sabadell are good and we have been with them for 13 years but fee for non resident is 38 euros a quarter 

.Wendy 

bulkbiker

Posted: Wed Jan 1, 2020 10:31am

bulkbiker

Original Poster

Posts: 32

11 helpful points

Location: Javea / Xàbia

Joined: 26 Nov 2019

Posted: Wed Jan 1, 2020 10:31am

Thanks Wendy..

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dinnerout

Posted: Wed Jan 1, 2020 10:07pm

dinnerout

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Posts: 2191

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Location: Beniarbeig

Joined: 18 Sep 2015

Posted: Wed Jan 1, 2020 10:07pm

As recommend above, Sabadell. The app is very user friendly and reliable. Also in English. Most branches have English speaking staff (although not usually cashiers) who speak English for problem resolution.

bulkbiker

Posted: Wed Jan 1, 2020 11:14pm

bulkbiker

Original Poster

Posts: 32

11 helpful points

Location: Javea / Xàbia

Joined: 26 Nov 2019

Posted: Wed Jan 1, 2020 11:14pm

Many thanks to all for your help.. Sabadell it will be then by the looks of it!

DaveS1314

Posted: Sun Jan 5, 2020 6:51pm

Posts: 8

5 helpful points

Location: Denia

Joined: 14 Oct 2019

Posted: Sun Jan 5, 2020 6:51pm

Hi, I can only confirm what has been said. Sabadell.  Also they set my entire account up for me remotely. Only had to go in when we were finally purchasing and needed bank drafts.

Also, if you are sending cash abroad to the account take a look at transferwise.  You only pay a small transaction fee and get the FX rate at that time.  No hefty bank commission on the exchange rate.

bulkbiker

Posted: Fri Jan 31, 2020 10:25am

bulkbiker

Original Poster

Posts: 32

11 helpful points

Location: Javea / Xàbia

Joined: 26 Nov 2019

Posted: Fri Jan 31, 2020 10:25am

Quick extra question.. I'm guessing it is the "Key Account" that I need to apply for?

Many thanks again to all

dinnerout

Posted: Fri Jan 31, 2020 10:52am

dinnerout

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Posts: 2191

2447 helpful points

Location: Beniarbeig

Joined: 18 Sep 2015

Posted: Fri Jan 31, 2020 10:52am

bulkbiker wrote on Fri Jan 31, 2020 10:25am:

Quick extra question.. I'm guessing it is the "Key Account" that I need to apply for?

Many thanks again to all

If/when you open an account with Sabadell they will try to sell you home insurance. It will be slightly more expensive than you can find from an independent broker but might be worth taking if you are going to purchase property here. This is because if you are buying and you want a bankers draft to go to notary they will charge you for it. What I did was to accept the insurance on the proviso they didn't charge for the draft, then I moved my insurance after year one. (One thing to be aware of is that in Spain all insurers require 3 months notice of cancellation or you are locked into charges for the following year)

Steve 

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