Sabadell bank - Pensionable age - waiver of commission - Page 3

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Posted: Sun Oct 16, 2022 11:38am

Sheila64

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Posts: 772

624 helpful points

Location: Playa Flamenca

Joined: 22 Dec 2015

Posted: Sun Oct 16, 2022 11:38am

tebo53 wrote on Sun Oct 16, 2022 11:08am:
I also had UK premium bonds when I moved to Spain but with the loss of tax free status and payment of tax on the interest gained I decided that there was no gain holding UK premium bonds for non UK residents. It would be nice to find something worthwhile investing in here in Spain but can't seem ...

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...to find anything that I trust putting money into sadly. I'll keep looking and maybe something will turn up.
Have an enjoyable day Sheila 😊
Steve

And you Steve Onwards and upwards, as they say. At least the weather is beautiful. 😎

Posted: Wed Oct 19, 2022 11:57am

Joan48

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Posts: 152

68 helpful points

Location: Villamartin

Joined: 9 Jul 2019

Posted: Wed Oct 19, 2022 11:57am

tebo53 wrote on Fri Oct 14, 2022 5:08am:
I agree with Jack......
I used to pay €60 per annum with my residents account at Sabadell but since I've been having my UK retirement pension paid directly into my Sabadell account I've not paid any fees.

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Free banking.
Steve

The only problem with having your pension paid directly to Sabadell is that they don’t give you a good exchange rate. I leave mine until the rate is good then transfer this myself via Wise.

Cheers

Posted: Wed Oct 19, 2022 12:18pm

tebo53

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Location: Benidorm

Joined: 29 May 2018

Posted: Wed Oct 19, 2022 12:18pm

Joan48 wrote on Wed Oct 19, 2022 11:57am:
The only problem with having your pension paid directly to Sabadell is that they don’t give you a good exchange rate. I leave mine until the rate is good then transfer this myself via Wise.
Cheers

That is totally incorrect Joan..

When you have your uk retirement pension paid directly into your Spanish account you get the UK interbank rate of the day and no fees for doing so.

I used to transfer the money using Wise but they charge a fee.

Some pensioners don't have the option of waiting for the exchange rate to increase which often could take many weeks, especially in recent times.

Steve

Posted: Wed Oct 19, 2022 1:07pm

Steveyjoanna

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Posts: 238

238 helpful points

Location: Almoradí

Joined: 14 Sep 2019

Posted: Wed Oct 19, 2022 1:07pm

N26 Spanish account,no fees,no problems,pension paid from UK.,DD for all services,ATMs for cash,couldn't be easier.

Posted: Wed Oct 19, 2022 1:51pm

Joan48

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Posts: 152

68 helpful points

Location: Villamartin

Joined: 9 Jul 2019

Posted: Wed Oct 19, 2022 1:51pm

tebo53 wrote on Wed Oct 19, 2022 12:18pm:
That is totally incorrect Joan..
When you have your uk retirement pension paid directly into your Spanish account you get the UK interbank rate of the day and no fees for doing so.

Read more...

I used to transfer the money using Wise but they charge a fee.
Some pensioners don't have the option of waiting for the exchange rate to increase which often could take many weeks, especially in recent times.
Steve

Sabadell don’t give you the live rate so it’s always lower - I’ve checked it many times. I agree not all pensioners can wait for the exchange rate to increase. Before I cancelled Sabadell transferring they were charging 17€ per month for the pension transaction, but maybe that’s changed now.

I’m just speaking from my experience so maybe it’s different for others.

Reply

Posted: Wed Oct 19, 2022 1:53pm

Swarty

Posts: 29

9 helpful points

Location: Pinoso / El Pinós

Joined: 17 Nov 2019

Posted: Wed Oct 19, 2022 1:53pm

To simplify this Spanish Bank rip off just use this link

Reply

Posted: Wed Oct 19, 2022 1:56pm

Joan48

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Posts: 152

68 helpful points

Location: Villamartin

Joined: 9 Jul 2019

Posted: Wed Oct 19, 2022 1:56pm

Swarty wrote on Wed Oct 19, 2022 1:53pm:
To simplify this Spanish Bank rip off just use this link

Can’t see the link😳

Reply

Posted: Wed Oct 19, 2022 2:05pm

tebo53

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Posts: 4837

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Location: Benidorm

Joined: 29 May 2018

Posted: Wed Oct 19, 2022 2:05pm

Joan48 wrote on Wed Oct 19, 2022 1:51pm:
Sabadell don’t give you the live rate so it’s always lower - I’ve checked it many times. I agree not all pensioners can wait for the exchange rate to increase. Before I cancelled Sabadell transferring they were charging 17€ per month for the pension transaction, but maybe that’s changed...

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... now.
I’m just speaking from my experience so maybe it’s different for others.

You're confusing me a little.....

It's the UK government that transfers the UK pensions (into a Sabadell account) not Sabadell, so I get the full interbank exchange rate to transfer money. Its not transferred by Sabadell. If you ask banks to transfer money then you will get charged heavily. Sabadell do not charge any fee to have pension money paid in to an account.

Steve

Posted: Wed Oct 19, 2022 2:44pm

Johno86

Posts: 29

8 helpful points

Location: Orihuela Costa

Joined: 18 Oct 2019

Posted: Wed Oct 19, 2022 2:44pm

I have just found out Sabadell bank have just started chargin me 20€ a quarter even though I have 700 € paid in every month and have there house insurance

And just had a email today they have changed the branch of my bank which is a longer drive

Reply

Posted: Wed Oct 19, 2022 2:50pm

Sheila64

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Location: Playa Flamenca

Joined: 22 Dec 2015

Posted: Wed Oct 19, 2022 2:50pm

Johno86 wrote on Wed Oct 19, 2022 2:44pm:
I have just found out Sabadell bank have just started chargin me 20€ a quarter even though I have 700 € paid in every month and have there house insurance
And just had a email today they have changed the branch of my bank which is a longer drive

Which branch is closing please? Also, query the charge. I do not think you should be paying when you have their Insurance.