I am a non-resident and currently bank with Caixabank. With effect from 1 April the bank charges are increasing to €35 per quarter. Given that I use the bank for payment of community fees etc I think that the new charges are quite steep.
I am, therefore, looking to change banks and I should be grateful for advice. My apartment is in Los Montesinos so I would prefer a local bank.
Regards
Maurice Williams
Posted: Tue Mar 2, 2021 4:23pm
Hello Maurice,
I am currently in Sabadell Bank and I haven't had any problem personally; however, a lot of people in this forum have been talking about the same amount (or more) of fees being charged quarterly. I do not have any specific recommendation but avoiding this one is something I would consider.
Regards and luck with your search
dalkeithmo wrote on Tue Mar 2, 2021 12:28pm:
I am a non-resident and currently bank with Caixabank. With effect from 1 April the bank charges are increasing to €35 per quarter. Given that I use the bank for payment of community fees etc I think that the new charges are quite steep.
I am, therefore, looking to change banks and I should be grateful for advice. My apartment is in Los Montesinos so I would prefer a local bank....
Read more...
...
Regards
Maurice Williams
Most Spanish banks are introducing a service/maintenance charge. The only "free" banking is probably with the internet banking services such as the Transferwise (soon to be Wise) Borderless account. You can set up direct debits and transfer money from a UK account to a Spanish bank account with minimum cost.
https://transferwise.com/gb/multi-currency-account/
Steve
Posted: Tue Mar 2, 2021 4:47pm
mariagirona wrote on Tue Mar 2, 2021 4:23pm:
Hello Maurice,
I am currently in Sabadell Bank and I haven't had any problem personally; however, a lot of people in this forum have been talking about the same amount (or more) of fees being charged quarterly. I do not have any specific recommendation but avoiding this one is something I would consider....
Read more...
...
Regards and luck with your search
Thank you for your advice maruagurona. Very much appreciated.
Advertisement - posts continue below
Posted: Tue Mar 2, 2021 4:49pm
tebo53 wrote on Tue Mar 2, 2021 4:30pm:
Most Spanish banks are introducing a service/maintenance charge. The only "free" banking is probably with the internet banking services such as the Transferwise (soon to be Wise) Borderless account. You can set up direct debits and transfer money from a UK account to a Spanish bank account with m...
Read more...
Hi Tebo53
Thanks for your post and link which is very helpful.
Posted: Tue Mar 2, 2021 4:52pm
dalkeithmo wrote on Tue Mar 2, 2021 4:47pm:
Thank you for your advice maruagurona. Very much appreciated.
Sorry mariagirona
I changed our bank from Sabadell in March 2019 to Cajamar bank and haven't paid a cent in fees since then. The account is an online account "weferrent" but there is a english speaking helpline and app is available in english. Their website is in english too. As a non resident you have to go into branch to apply to be a customer then apply with new customer ID with online application. I transferred all my own direct debits direct with companies as we closed Sabadell on opening Cajamar and wanted confirmation they would be continuous. Do yourself a favour get away from Sabadell. Btw may not always have English speakers in branch but we used Google translate and got there without any problems. You must also stress you are non resident and instead of paying Sabadell every 2yrs for non resident certificate the account will be set up from start as non resident and that is the end of that fee grabbing process like Sabadell.
Good luck, we are very happy with them
Regards
Pauline
Posted: Wed Mar 3, 2021 1:18pm
paulsav wrote on Wed Mar 3, 2021 12:29pm:
I changed our bank from Sabadell in March 2019 to Cajamar bank and haven't paid a cent in fees since then. The account is an online account "weferrent" but there is a english speaking helpline and app is available in english. Their website is in english too. As a non resident you have to go into ...
Read more...
...branch to apply to be a customer then apply with new customer ID with online application. I transferred all my own direct debits direct with companies as we closed Sabadell on opening Cajamar and wanted confirmation they would be continuous. Do yourself a favour get away from Sabadell. Btw may not always have English speakers in branch but we used Google translate and got there without any problems. You must also stress you are non resident and instead of paying Sabadell every 2yrs for non resident certificate the account will be set up from start as non resident and that is the end of that fee grabbing process like Sabadell.
Good luck, we are very happy with them
Regards
Pauline
Thank you for your helpful reply Pauline
Find more Banking and finances topics from a particular area:
Or view all Banking and finances topics in all of Costa Blanca.
We use cookies and other tracking technologies to improve your browsing experience on our website, to show you personalised content and targeted ads, to analyse our website traffic, and to understand where our visitors are coming from. Visit our Privacy Policy to learn how we and our partners collect and use data and how to change your settings.