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Bank charges

Posted: Mon Jul 1, 2019 5:22pm
5 replies204 views4 members subscribed
leon54

Posts: 101

17 helpful points

Joined: 7 May 2018

Hi. 

I hv read a letter on the Costa News that a law came into force in April which forbis banks to raise charges to basic bank accounts. Banco Sabadell is the culprit but I wonder if the other banks also do not observe these new regulations.

I pay 8 euro a month to Santander for a 123 account that does not even provide me with a cheque book.

Leonardo

Cheryl

Posted: Mon Jul 1, 2019 8:32pm

Cheryl

Legendary helpful member

Posts: 2973

3533 helpful points

Location: Albatera

Joined: 8 Jun 2017

jimtaylor

Posted: Tue Jul 2, 2019 4:41am

jimtaylor

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Posts: 5612

8738 helpful points

Location: Mudamiento

Joined: 2 Feb 2017

Posted: Tue Jul 2, 2019 4:41am

You need to be aware that the €3 pm cap is only on 'basic' bank accounts, and the restrictions on these accounts render them unsuitable for many people:

https://www.costablancaforum.com/area/almorad%C3%AD-spain-11/banking-and-finances-in-almorad%C3%AD-11/jims-tip-basic-bank-account-3-per-month-58382/


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Den C

Posted: Tue Jul 2, 2019 12:25pm

Posts: 78

7 helpful points

Joined: 23 May 2019

Posted: Tue Jul 2, 2019 12:25pm

Can I ask what is defined as a basic account? I have just opened a Sabadell Account which seems to be pricey. I have just been charged 22 euros but I’m not sure exactly what for. Den

jimtaylor

Posted: Tue Jul 2, 2019 12:37pm

jimtaylor

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Posts: 5612

8738 helpful points

Location: Mudamiento

Joined: 2 Feb 2017

Posted: Tue Jul 2, 2019 12:37pm

Den C wrote on Tue Jul 2, 2019 12:25pm:

Can I ask what is defined as a basic account? I have just opened a Sabadell Account which seems to be pricey. I have just been charged 22 euros but I’m not sure exactly what for. Den

What do you want to know that isn't described in the link I gave above?

Den C

Posted: Tue Jul 2, 2019 1:47pm

Posts: 78

7 helpful points

Joined: 23 May 2019

Posted: Tue Jul 2, 2019 1:47pm

Thanks so much. I will have a look. Den

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