Why when my pension comes directly into my bank here do I pay high charges - Banking and finances in Orihuela Costa - Orihuela Costa forum - Costa Blanca forum in the Alicante province of Spain
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Why when my pension comes directly into my bank here do I pay high charges

Posted: Thu Feb 20, 2020 2:51pm
21 replies1406 views8 members subscribed
Janette1981

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Why am I paying bank charges when my pension comes directly into my bank here and has done for 17 years at €100 charges per year 

Kimmy11

Posted: Thu Feb 20, 2020 3:08pm

Kimmy11

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Posted: Thu Feb 20, 2020 3:08pm

Hi Janette,

Which is your bank and are you resident in Spain?

Kind regards,

Kim

Janette1981

Posted: Thu Feb 20, 2020 3:12pm

Janette1981

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Posts: 62

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Location: Orihuela Costa

Joined: 22 Dec 2019

Posted: Thu Feb 20, 2020 3:12pm

Kimmy11 wrote on Thu Feb 20, 2020 3:08pm:

Hi Janette,

Which is your bank and are you resident in Spain?

Kind regards,

Kim

Hi Kim. Yes have been resident sincec2003. Deutsche bank.

Janette1981

Posted: Thu Feb 20, 2020 3:22pm

Janette1981

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Posted: Thu Feb 20, 2020 3:22pm

This post that was quoted has been deleted.

No they take 50 every 6 months.

Janette1981

Posted: Thu Feb 20, 2020 4:05pm

Janette1981

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Posted: Thu Feb 20, 2020 4:05pm

This post that was quoted has been deleted.

It was my understanding that if you had your uk pension paid directly here there was not any charges. It is only a small state pension. As you know uk pensions are the lowest of all other eu countries. 

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Kimmy11

Posted: Thu Feb 20, 2020 4:28pm

Kimmy11

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Posted: Thu Feb 20, 2020 4:28pm

It depends on the bank, Janette. 

For example, friends of mine who are pensioners and residents, with an account at Sabadell, used to pay no bank charges. However, this changed at the end of last year: Sabadell now charges Eu 60 per year and the only way around this for my friends was to buy another service from Sabadell, i.e. an insurance policy.  I'm not a pensioner and so now I have to pay the annual fee.

Kind regards,

Kim

Janette1981

Posted: Thu Feb 20, 2020 6:06pm

Janette1981

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Posted: Thu Feb 20, 2020 6:06pm

This post that was quoted has been deleted.

Nothing to do with that they have been charging me for 7 years.

Janette1981

Posted: Thu Feb 20, 2020 6:29pm

Janette1981

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Posted: Thu Feb 20, 2020 6:29pm

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Get you all ways. I will never understand how banks go bust. They are all the same leeches .I would never buy anything thru a bank. Learned my lesson when I lived in uk. Just do not trust them.

Care4

Posted: Fri Feb 21, 2020 2:59pm

Care4

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Posted: Fri Feb 21, 2020 2:59pm

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And don't forget the multitude of Spanish banks who charge for banking that went/or almost went bust, because of the money they lent to the builder's who went bust during the recession. I know that the bank that I used has been taken over at least twice in the last 15 years and all of them charged for providing a banking service and credit or debit cards. However the bank (Royal Bank of Scotland) which I have used for over 50 years is currently still in existence and providing the same free banking service, without having to purchase insurance or any other service from them, as always. As for the RBS changing its branding, I think that it is the Bank of Scotland which is changing to The Halifax.

Janette1981

Posted: Fri Feb 21, 2020 4:41pm

Janette1981

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Posts: 62

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Location: Orihuela Costa

Joined: 22 Dec 2019

Posted: Fri Feb 21, 2020 4:41pm

Care4 wrote on Fri Feb 21, 2020 2:59pm:

And don't forget the multitude of Spanish banks who charge for banking that went/or almost went bust, because of the money they lent to the builder's who went bust during the recession. I know that the bank that I used has been taken over at least twice in the last 15 years and all of them charge...

...d for providing a banking service and credit or debit cards. However the bank (Royal Bank of Scotland) which I have used for over 50 years is currently still in existence and providing the same free banking service, without having to purchase insurance or any other service from them, as always. As for the RBS changing its branding, I think that it is the Bank of Scotland which is changing to The Halifax.

I dont have any respect for the HSBC after I was treated.  When it was Midland bank it was good. 

Like I said I dont trust any of them. I will never understand how such greedy organisations go bust.

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