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BANK CHARGES
Posted: Sun Oct 17, 2021 3:31pm
My myself and my wife have Recidency in Spain. We have 3 Bank accounts.
We would like to make a joint account
Any thoughts charges wise.
bluenose1875 wrote on Sun Oct 17, 2021 3:31pm:
My myself and my wife have Recidency in Spain. We have 3 Bank accounts.
We would like to make a joint account
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Any thoughts charges wise.
Myself and my wife have a joint account with Sabadell. There have been no extra charges levied.
Steve
Posted: Sun Oct 17, 2021 6:22pm
Helpful member
We have heard that, in the event of a death, a joint account may be frozen by the bank until the estate has been dealt with. The surviving partner could be severely disadvantaged in such a case, so it makes sense to have access to funds independently for both parties. In theory a deposit type of account, where the bank pay to hold the funds could be the way forward, always supposing one has sufficient money to sit waiting.
Posted: Mon Oct 18, 2021 2:57pm
Legendary helpful member
Purple gran wrote on Sun Oct 17, 2021 6:22pm:
We have heard that, in the event of a death, a joint account may be frozen by the bank until the estate has been dealt with. The surviving partner could be severely disadvantaged in such a case, so it makes sense to have access to funds independently for both parties. In theory a deposit ty...
Read more...
...pe of account, where the bank pay to hold the funds could be the way forward, always supposing one has sufficient money to sit waiting.
As far as I am aware, the type of deposit account I think you mean, is unknown to Spanish retail banking. They simply do not exist. Anything which is promoted as a deposit account, on further research, is usually linked to some kind of investment fund, thus, in theory, carrying the, remote, chance of losing the money.
I know this having recently spent a considerable period of time trying to arrange exactly this for money held by my mother from the sale of her house.
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