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Opening a bank in spain

Posted: Fri Jan 15, 2021 4:56pm
19 replies591 views8 members subscribed
paddywhack

Posts: 187

8 helpful points

Location: Los Montesinos

Joined: 22 May 2017

Is it possible to open a bank in Spain as a non resident?    Regards

Patrick

Snoxell

Posted: Fri Jan 15, 2021 4:59pm

Snoxell

Helpful member

Posts: 167

86 helpful points

Location: Jalon / Xaló

Joined: 30 Apr 2019

Posted: Fri Jan 15, 2021 4:59pm

Yes

paddywhack

Posted: Fri Jan 15, 2021 5:08pm

paddywhack

Original Poster

Posts: 187

8 helpful points

Location: Los Montesinos

Joined: 22 May 2017

Posted: Fri Jan 15, 2021 5:08pm

Snoxell wrote on Fri Jan 15, 2021 4:59pm:

Yes

Thanks for replying.     Much appreciated.     Patrick

Aspen1992

Posted: Fri Jan 15, 2021 9:56pm

Aspen1992

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Posts: 367

319 helpful points

Location: Villamartin

Joined: 16 May 2020

Posted: Fri Jan 15, 2021 9:56pm

paddywhack wrote on Fri Jan 15, 2021 4:56pm:

Is it possible to open a bank in Spain as a non resident?    Regards

Patrick

Hi Patrick

We have an account with Sabadell its called the Key Account, they charge you 35 euros a quarter for the account, to pay money in from a UK account people are saying they are charging to receive it now we have move out the EU.

Regards

Andrew

paddywhack

Posted: Fri Jan 15, 2021 10:27pm

paddywhack

Original Poster

Posts: 187

8 helpful points

Location: Los Montesinos

Joined: 22 May 2017

Posted: Fri Jan 15, 2021 10:27pm

Aspen1992 wrote on Fri Jan 15, 2021 9:56pm:

Hi Patrick

We have an account with Sabadell its called the Key Account, they charge you 35 euros a quarter for the account, to pay money in from a UK account people are saying they are charging to receive it now we have move out the EU.

Regards

Andrew

Thanks Andrew.      Much to thank brexiteers for NOT!!!!!

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scott46

Posted: Sat Jan 16, 2021 8:48pm

scott46

Helpful member

Posts: 233

53 helpful points

Location: Monforte del Cid

Joined: 30 Nov 2019

Posted: Sat Jan 16, 2021 8:48pm

Aspen1992 wrote on Fri Jan 15, 2021 9:56pm:

Hi Patrick

We have an account with Sabadell its called the Key Account, they charge you 35 euros a quarter for the account, to pay money in from a UK account people are saying they are charging to receive it now we have move out the EU.

Regards

Andrew

Get u U.K. euro account like starling and transfer in euros and it’s free, I do it all the time

paddywhack

Posted: Sat Jan 16, 2021 9:07pm

paddywhack

Original Poster

Posts: 187

8 helpful points

Location: Los Montesinos

Joined: 22 May 2017

Posted: Sat Jan 16, 2021 9:07pm

scott46 wrote on Sat Jan 16, 2021 8:48pm:

Get u U.K. euro account like starling and transfer in euros and it’s free, I do it all the time

Many thanks.    Patrick

Aspen1992

Posted: Sun Jan 17, 2021 12:08pm

Aspen1992

Helpful member

Posts: 367

319 helpful points

Location: Villamartin

Joined: 16 May 2020

Posted: Sun Jan 17, 2021 12:08pm

scott46 wrote on Sat Jan 16, 2021 8:48pm:

Get u U.K. euro account like starling and transfer in euros and it’s free, I do it all the time

Hi Scott46

People are now saying that Spanish banks are charging to receive money from Starling account or any accounts with a GB Iban code, I have a Starling Sterling and Euro account although I dont send money to my Sabadell account as I was going to close it when we went out this year as we only opened it to get the bankers draft to purchase our apartment.

People are commenting on being charged 18 euros by Sabadell to receive the money, as I said I haven't transfered anything into my account as my DD's are set up using my Starling euro account although I will be keeping a close look incase I start getting charged for this I dont think this is far away from coming in.

There is an account called the N-27 account which is a on online bank this has a european Iban code if I was you Patrick I would possibly go down this line I am looking into it now, or we may just ditch the current accounts in the UK with Starling and keep the Sabadell account and bite the bullet with the 140 euro charge a year, we can send money via one of the transfer corps once or twice a year to keep the charges down.

Regards

Andrew

paddywhack

Posted: Sun Jan 17, 2021 12:32pm

paddywhack

Original Poster

Posts: 187

8 helpful points

Location: Los Montesinos

Joined: 22 May 2017

Posted: Sun Jan 17, 2021 12:32pm

Aspen1992 wrote on Sun Jan 17, 2021 12:08pm:

Hi Scott46

People are now saying that Spanish banks are charging to receive money from Starling account or any accounts with a GB Iban code, I have a Starling Sterling and Euro account although I dont send money to my Sabadell account as I was going to close it when we went out this year as we only opened i...

...t to get the bankers draft to purchase our apartment.

People are commenting on being charged 18 euros by Sabadell to receive the money, as I said I haven't transfered anything into my account as my DD's are set up using my Starling euro account although I will be keeping a close look incase I start getting charged for this I dont think this is far away from coming in.

There is an account called the N-27 account which is a on online bank this has a european Iban code if I was you Patrick I would possibly go down this line I am looking into it now, or we may just ditch the current accounts in the UK with Starling and keep the Sabadell account and bite the bullet with the 140 euro charge a year, we can send money via one of the transfer corps once or twice a year to keep the charges down.

Regards

Andrew

Thanks Andrew, I will look into that.   Patrick

Jan1961

Posted: Sun Jan 17, 2021 12:56pm

Jan1961

Helpful member

Posts: 240

149 helpful points

Location: Salinas

Joined: 21 Jul 2016

Posted: Sun Jan 17, 2021 12:56pm

Aspen1992 wrote on Sun Jan 17, 2021 12:08pm:

Hi Scott46

People are now saying that Spanish banks are charging to receive money from Starling account or any accounts with a GB Iban code, I have a Starling Sterling and Euro account although I dont send money to my Sabadell account as I was going to close it when we went out this year as we only opened i...

...t to get the bankers draft to purchase our apartment.

People are commenting on being charged 18 euros by Sabadell to receive the money, as I said I haven't transfered anything into my account as my DD's are set up using my Starling euro account although I will be keeping a close look incase I start getting charged for this I dont think this is far away from coming in.

There is an account called the N-27 account which is a on online bank this has a european Iban code if I was you Patrick I would possibly go down this line I am looking into it now, or we may just ditch the current accounts in the UK with Starling and keep the Sabadell account and bite the bullet with the 140 euro charge a year, we can send money via one of the transfer corps once or twice a year to keep the charges down.

Regards

Andrew

Hi I have an account with N26. Free banking, Spanish IBAN, you can set up direct debits, standing orders etc. they issue a debit card. You can use some ATMs for free which you can look for on the ATM locator on the N26 APP. I transfer funds from the Uk with Foremost Currency Group for free and their exchange rate is always very good. I am very impressed with N26 the only thing you can’t do is walk into the bank building as it is all online but then, why would you need to.

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