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Banking fees extortionate.

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Posted: Thu Feb 22, 2018 6:55pm
19 replies330 views9 members subscribed
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Bob82

Posts: 25

Location: La Marina

8 helpful posts

When I bought my house in La Marina 15 years ago I joined Cam bank which subsequently became bancsabadell. I am not resident in Spain but my annual fees with Sabadell are €96 maintenance and €11.70 administration. Can anybody recommend a cheaper bank and how easy is it to swap banks in Spain?

271935

271935

Helpful member

Thu Feb 22, 2018 7:47pm

Posts: 480

Location: Villamartin

358 helpful posts

Posted: Thu Feb 22, 2018 7:47pm

As a non resident you will always have to pay a fee to your bank. Two choices. Become a resident and pay your wages monthly into your account  or pay the bank charges. I have to suck it up and pay but it's a small price to pay.

Ada

Ada

Helpful member

Fri Feb 23, 2018 7:09am

Posts: 388

Location: Torrevieja

178 helpful posts

Posted: Fri Feb 23, 2018 7:09am

Bob82 wrote:

When I bought my house in La Marina 15 years ago I joined Cam bank which subsequently became bancsabadell. I am not resident in Spain but my annual fees with Sabadell are €96 maintenance and €11.70 administration. Can anybody recommend a cheaper bank and how easy is it to swap banks in Spain?

Hi personally I would not say what you are paying is extortionate obviously no one wants to pay fees but in the scheme of things it's a drop in the ocean how much is your council tax in the UK now that is extortionate!

Badger

Fri Feb 23, 2018 1:48pm

Posts: 14

Location: Rojales

3 helpful posts

Posted: Fri Feb 23, 2018 1:48pm

Bob82 wrote:

When I bought my house in La Marina 15 years ago I joined Cam bank which subsequently became bancsabadell. I am not resident in Spain but my annual fees with Sabadell are €96 maintenance and €11.70 administration. Can anybody recommend a cheaper bank and how easy is it to swap banks in Spain?

Bought our house 18 months ago, using Sabadell, just changed accounts to a fee free account as long as you are putting money in monthly or quarterly. Great news👍

TheRower

TheRower

Helpful member

Fri Feb 23, 2018 2:44pm

Posts: 166

Location: Villamartin

78 helpful posts

Posted: Fri Feb 23, 2018 2:44pm

Bob82 wrote:

When I bought my house in La Marina 15 years ago I joined Cam bank which subsequently became bancsabadell. I am not resident in Spain but my annual fees with Sabadell are €96 maintenance and €11.70 administration. Can anybody recommend a cheaper bank and how easy is it to swap banks in Spain?

We were in with Sabadell yesterday and found we had a non resident account that had a quarterly fee of 30 Euros and charges for all transactions. Additionally 30 Euros for each bank card. She changed ud over to the best non resident account which was also 30 Euros a quarter, but no charge for the 1st bank card and fee free transactions. If you are only paying the amounts you quoted, you are doing better than most non residents with Sabadell. 

We did go into Bankinter a couple of weeks ago and was advised they charge 15 Euros a quarter and no fee transactions. We will be changing over to them later this year at the start of our next winter break, in case anything goes wrong with the changeover of Direct Debits, so we can be here to sort.

Badger

Fri Feb 23, 2018 4:13pm

Posts: 14

Location: Rojales

3 helpful posts

Posted: Fri Feb 23, 2018 4:13pm

That' the one we had. She offered us a no charge account with no fees even for an extra card as I didn't have one just the wife. We are non residents. Don' even have to change direct debits , same account number. 

french martini

french martini

Very helpful member

Fri Feb 23, 2018 5:22pm

Posts: 1245

Location: Playa Flamenca

658 helpful posts

Posted: Fri Feb 23, 2018 5:22pm

Bob82 wrote:

When I bought my house in La Marina 15 years ago I joined Cam bank which subsequently became bancsabadell. I am not resident in Spain but my annual fees with Sabadell are €96 maintenance and €11.70 administration. Can anybody recommend a cheaper bank and how easy is it to swap banks in Spain?

Hi, unfortunately you will have to pay charges etc if you are non resident. It’s around 30€ every 3 months with sabadell (if I remember rightly) th only way these charges stop is if you are a resident and pay wages, pension etc into your account every month. Nicola :-)


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Badger

Fri Feb 23, 2018 6:01pm

Posts: 14

Location: Rojales

3 helpful posts

Posted: Fri Feb 23, 2018 6:01pm

Sorry, non resident , part pension going into account every month, no charges at all unless overdraw . Did this week. Extra card at no cost arrives Monday. ☺

Gilly09

Gilly09

Helpful member

Fri Feb 23, 2018 6:42pm

Posts: 110

Location: Las Filipinas

81 helpful posts

Posted: Fri Feb 23, 2018 6:42pm

Badger wrote:

Bought our house 18 months ago, using Sabadell, just changed accounts to a fee free account as long as you are putting money in monthly or quarterly. Great news👍

What is the name of that bank please as I also heard there is free banking ifif over a certain amount is maintained in the account or regular income put in.

Gilly

Badger

Fri Feb 23, 2018 6:48pm

Posts: 14

Location: Rojales

3 helpful posts

Posted: Fri Feb 23, 2018 6:48pm

Sabadell 👍

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