Bankinter fees for receiving money in Euros

Posted: Tue Jul 14, 2020 9:39pm

4 replies378 views6 members subscribed

Biffo

Posts: 30

10 helpful points

Location: La Marina

Joined: 31 Jan 2016

I'm based in Ireland and we are still in the EU and our currency is the same as Spain in the Euro.

Each time I send money to my Bankinter account all in Euros the Spanish bank charge me huge fees for taking in the money. If I do it opposite way around send from Spain to Ireland my Irish bank charge me no fees for receiving it.

Is this normal by the Spanish banks? Seems to me to be a total rip off especially as we are all in Euros.

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Posted: Tue Jul 14, 2020 10:15pm

Richard 55

Posts: 40

7 helpful points

Location: Sax

Joined: 10 Oct 2018

Posted: Tue Jul 14, 2020 10:15pm

Biffo wrote on Tue Jul 14, 2020 9:39pm:
I'm based in Ireland and we are still in the EU and our currency is the same as Spain in the Euro.
Each time I send money to my Bankinter account all in Euros the Spanish bank charge me huge fees for taking in the money. If I do it opposite way around send from Spain to Ireland my Irish bank charge me no fees for receiving it....

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...
Is this normal by the Spanish banks? Seems to me to be a total rip off especially as we are all in Euros.

Hi

I also have a Bankinter account and transfer euros every month from the uk

I have found that they do have substantial fees for receiving money which makes

A considerable impact on the amount transferred, far more than fx company in

In London charge for doing the transaction

They also hit me hard when I transferred cash to purchase a property,

Bankinter are a good bank in other ways but I am seriously considering moving to such sabadell

Which I am told are very good ,

I hope they may be less expensive to deal with.

Kind regards

Richard

Posted: Wed Jul 15, 2020 4:01pm

martynjp

Posts: 6

8 helpful points

Location: La Marina

Joined: 15 Jul 2020

Posted: Wed Jul 15, 2020 4:01pm

I have an account with Sabadell I pay 35 euros every 3 months and do not pay any other fees for transfers to and from UK any amount. Worth looking at.

I also use XE for transferring as they seem to have good rates.

Martyn