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Bank account in Spain
Posted: Fri May 5, 2023 7:52am
I am currently buying a property in La Zenia and need a Spanish account. Can anyone recommend a good Spanish bank?
Many thanks
Sarah
Posted: Fri May 5, 2023 8:10am
Sarah Medeiros wrote on Fri May 5, 2023 7:52am:
I am currently buying a property in La Zenia and need a Spanish account. Can anyone recommend a good Spanish bank?
Many thanks
Read more...
Sarah
In my experience, and that of most users of this forum, there is, sadly, no such thing.
Posted: Fri May 5, 2023 8:24am
Very helpful member
Sarah Medeiros wrote on Fri May 5, 2023 7:52am:
I am currently buying a property in La Zenia and need a Spanish account. Can anyone recommend a good Spanish bank?
Many thanks
Read more...
Sarah
I recently purchased a property in Torrevieja but did not open a Spanish bank account as they are very expensive to maintain.
I arrange with my Solicitors that I would make a few lodgement to Solicitors Client holding account and on day of Completion he draw down funds from Solicitors Holdings account.
I would look into opening a Wise Bank account for Standing orders for Water and Electricity and other utilities bills
Best 👌 of luck with your property purchase 😀 👍 🙌
Posted: Fri May 5, 2023 9:54am
Helpful member
I have a Wefferent account at Cajamar, there are no charges
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As mentioned above a lot of people use a Wise online account which just takes a few minutes to set up, there are no monthly charges unlike a Spanish bank account which carries quarterly fees which can be anything up to 80€ per quarter. It can be used for transferring money or paying bills and it seems to be widely accepted by utility companies etc. for paying standing orders
Posted: Mon May 8, 2023 8:55am
Sligogent wrote on Fri May 5, 2023 8:24am:
I recently purchased a property in Torrevieja but did not open a Spanish bank account as they are very expensive to maintain.
I arrange with my Solicitors that I would make a few lodgement to Solicitors Client holding account and on day of Completion he draw down funds from Solicitors Holdings ac...
Read more...
...count.
I would look into opening a Wise Bank account for Standing orders for Water and Electricity and other utilities bills
Best 👌 of luck with your property purchase 😀 👍 🙌
Thanks for your comment, very helpful.
Posted: Mon May 8, 2023 8:57am
Snoxell wrote on Fri May 5, 2023 9:54am:
I have a Wefferent account at Cajamar, there are no charges
Thanks, I will look into that.
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