Bank charges - Page 2

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Posted: Thu Sep 21, 2017 9:54am

nigeldodd

Posts: 12

9 helpful points

Location: Gran Alacant

Joined: 20 Sep 2017

Posted: Thu Sep 21, 2017 9:54am

I personally think it is exploitative of the banks to charge over 100 Euros a year for maintaining a simple current account. They earn money from investing your money without needing to charge, as is evidenced by the UK banks. However the fee charging is protected by lack of competition either from within Spain or from without with absence of international accounts that can pay utility bills in the quaint Spanish way.

As soon as Monzo or Transferwise or one of the others allow me to pay my utilities, I shall say goodbye to Sabadell.

Posted: Mon Oct 26, 2020 2:19pm

IrishGeraldine

Posts: 37

3 helpful points

Location: Guardamar del Segura

Joined: 8 Jun 2019

Posted: Mon Oct 26, 2020 2:19pm

John56 wrote on Fri Sep 15, 2017 12:29pm:
Sabadell are an excellent Bank to use, plenty of branches, great online facility, charges are reasonable at around €30 per quarter.

140 per year but not sure if we pay for transfers. So we opened Cajamar rural account, its free ,we can transfer to international banks for free .

I think its like a credit union in Ireland, Community based

Reply

Posted: Mon Oct 26, 2020 2:25pm

John56

Legendary helpful member

Posts: 2995

5635 helpful points

Location: La Zenia

Joined: 7 Jul 2016

Posted: Mon Oct 26, 2020 2:25pm

IrishGeraldine wrote on Mon Oct 26, 2020 2:19pm:
140 per year but not sure if we pay for transfers. So we opened Cajamar rural account, its free ,we can transfer to international banks for free .
I think its like a credit union in Ireland, Community based

I think a lot has changed in the World since I posted my comment over three years ago.