Bank require details

Ray811 wrote on Tue Apr 2, 2024 1:02pm:

Hello,I am non resident, with a property in Spain and have an account with Sabadell and have recently been asked for proof of earnings, which I have submitted the P60 and payslip details of my wife who works full time.Also we have a notification for Tax Report 2023,which basically says ,it is tim...

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...e to file your income tax return 2023...then shows details of our account " Interest on sight/ savings/ accounts/ time deposits..Number of account holders 2no ,then ,Yield,Type Dinerary and amount 0,00 €....Withholding/ deposit on account 0,00 €,Penalty 0,00€

Then below it says " other relevant information on Wealth Tax/ Temporary Solidarity Tax on major Fortunes" 

Deposits on sight/ savings ,etc,as above, the name of account holders, number of account holders 2no,balance at 31/12/2023 of account, and average balance. This is the first time I  think we have been asked for this,and what I don't understand is what Tax I am meant to be filing a tax return for,and if there was any interest on the account they would know, the account is used for the sole purpose of covering the utility bills, IBI ,and purchasing things when we are in Spain, if anyone can give me any info on this it would be much appreciated. I have called them before, but you can be waiting to get through for ages,and to have a bit of info before doing so would be useful. Thanks again Ray

tebo53 wrote on Tue Apr 2, 2024 3:10pm:

If you are signed onto the Padron in Spain you may be classed as a permanent resident and being asked to pay taxes....

Steve 

marcliff wrote on Tue Apr 2, 2024 1:31pm:

Requesting the proof of income is now normal under banking rules to counter money laundering.

The rest of the stuff is for the declaration of foreign holdings which residents, not non residents, complete each year on a Form 720 and is not applicable to non residents. Us residents have to make a declaration on property, money held in foreign (ie, not Spanish) bank accounts and money from s...

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...hares and dividends.

A non resident is not required to complete that form or make the declaration. Maybe somebody on work experience at your bank getting confuse. All you need to show is where the income you deposit in Spain comes from.

If they are being a bit shirty about admitting they are wrong, close the account and open an online account such as Wise. Plenty of info on here on how to do that and you won't get bank charges either. 

George55 wrote on Tue Apr 2, 2024 11:45pm:

I know I'm like a bear with a sore head - but can you actually point to the specific piece of legislation that requires proof of income? 

marcliff wrote on Tue Apr 2, 2024 1:31pm:

Requesting the proof of income is now normal under banking rules to counter money laundering.

The rest of the stuff is for the declaration of foreign holdings which residents, not non residents, complete each year on a Form 720 and is not applicable to non residents. Us residents have to make a declaration on property, money held in foreign (ie, not Spanish) bank accounts and money from s...

Read more...

...hares and dividends.

A non resident is not required to complete that form or make the declaration. Maybe somebody on work experience at your bank getting confuse. All you need to show is where the income you deposit in Spain comes from.

If they are being a bit shirty about admitting they are wrong, close the account and open an online account such as Wise. Plenty of info on here on how to do that and you won't get bank charges either. 

George55 wrote on Tue Apr 2, 2024 11:45pm:

I know I'm like a bear with a sore head - but can you actually point to the specific piece of legislation that requires proof of income? 

TheRower wrote on Thu Apr 4, 2024 9:59am:

I think this covers what you wanted to see. Spain has to comply with AML EU law and it’s primarily covered in that legislation.

https://www.sepblac.es/wp-content/uploads/2019/04/law_10_2010.pdf