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Bankinter fees for receiving money in Euros

Posted: Tue Jul 14, 2020 9:39pm
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Biffo

Posts: 30

star10 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. 

Posted: Tue Jul 14, 2020 10:15pm

Richard 55

Posts: 40

star7 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....

 

Read more...

...

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

star8 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

Posted: Wed Jul 15, 2020 4:39pm

Biffo

Original Poster

Posts: 30

star10 helpful points

Location: La Marina

Joined: 31 Jan 2016

Posted: Wed Jul 15, 2020 4:39pm

My son's partner is from Northern Spain and recently I mentioned Bankinter to her and she never heard of Bankinter!

Perhaps I picked the wrong Spanish bank.

Each time I send between 300-500 Euros they charge me 20 Euros for receiving

Posted: Sun Sep 13, 2020 4:48pm

Auldgrumpy

Posts: 21

star16 helpful points

Location: La Marina

Joined: 16 Nov 2019

Posted: Sun Sep 13, 2020 4:48pm

I transfer from UK to Bankinter via Currencies Direct. No fees and a better rate than the banks will give you.

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