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Bank Charges

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Posted: Sun Sep 30, 2018 3:44pm
54 replies1277 views17 members subscribed
Darrel57

Posts: 20

Location: Los Balcones

3 helpful posts

Hi

I have a non residents bank account with Sabadell, they have just introduced a quarterly 

charge of 30 euros which has gone up to 35 euros

Does anyone know any other bank which has no bank charges or at least cheaper than 

Sabadell?

Thanks 

Darrel

271935

271935

Very helpful member

Sun Sep 30, 2018 3:49pm

Posts: 751

Location: Villamartin

517 helpful posts

Posted: Sun Sep 30, 2018 3:49pm

They have always had a 1/4ly charge which has just gone up to 35e.

Unfortunately as non residents in Spain this is just one of those charges we need to suck up.

RayD

RayD

Very helpful member

Sun Sep 30, 2018 3:56pm

Posts: 1318

Location: Catral

846 helpful posts

Posted: Sun Sep 30, 2018 3:56pm

Darrel57 wrote on Sun Sep 30, 2018 3:44pm:

Hi

I have a non residents bank account with Sabadell, they have just introduced a quarterly 

charge of 30 euros which has gone up to 35 euros

Does anyone know any other bank which has no bank charges or at least cheaper than 

Sabadell?

Thanks 

Darrel

I think all Spanish banks charge comisiones for non-residents. Even as residents most banks require a regular deposit to give commission free banking.

The solution is in how many days you spend a year in Spain. If 90 days or more you should be a resident anyway.

John56

John56

Very helpful member

Sun Sep 30, 2018 4:05pm

Posts: 1233

Location: La Zenia

900 helpful posts

Posted: Sun Sep 30, 2018 4:05pm

As other replies say quarterly fee is common across all banks and has increased, if you are resident then no fees if you deposit 700€ a month.

CARPETMAN

CARPETMAN

Helpful member

Mon Oct 1, 2018 1:23pm

Posts: 121

Location: El Campello

70 helpful posts

Posted: Mon Oct 1, 2018 1:23pm

Darrel57 wrote on Sun Sep 30, 2018 3:44pm:

Hi

I have a non residents bank account with Sabadell, they have just introduced a quarterly 

charge of 30 euros which has gone up to 35 euros

Does anyone know any other bank which has no bank charges or at least cheaper than 

Sabadell?

Thanks 

Darrel

Hi I have replied to this subject many times and unless you have a mortgage there is no need to have a Spanish bank account, i have had a villa in Spain for 15 years and have not had a Spanish bank account for 14 years

RayD

RayD

Very helpful member

Mon Oct 1, 2018 1:39pm

Posts: 1318

Location: Catral

846 helpful posts

Posted: Mon Oct 1, 2018 1:39pm

I suppose it depends on whether you are registered as a resident and pay your taxes in Spain. If you live in Spain less than 183 days a year it may be possible to use a UK account but it's hardly convenient. If you live in Spain full time, or over 183 day of the year, your fiscal responsibilities make a Spanish bank account more sensible - especially as it will be free.

CARPETMAN

CARPETMAN

Helpful member

Mon Oct 1, 2018 2:10pm

Posts: 121

Location: El Campello

70 helpful posts

Posted: Mon Oct 1, 2018 2:10pm

Hi, We have had this conversation before, do not forget we are answering people who are non residents, i do not understand your conveniance argument, i have all my utilities delivered online, i then pay them via my Halifax Clarity card with no FX fees, i have a Santander account in U K which allows me to withdraw cash in Spain with no FX fees so why would anyone want a Spanish bank account that charges a quarterly fee and on top of this charge FX fees, to me it is an absolute no brainer, believe me doing it my way saves me in the region of £400 to £500 a year, i appreciate if you are resident in Spain and not in U K you cannot have a U K bank account but as i previously said we are advising people who are non residents

RayD

RayD

Very helpful member

Mon Oct 1, 2018 3:03pm

Posts: 1318

Location: Catral

846 helpful posts

Posted: Mon Oct 1, 2018 3:03pm

Although the contributors to this thread may be legally non resident, there are many who, although living most or all of the time in Spain, haven't registered themselves as residents, let alone tax residents.

My post was intended to persuade them of one of the benefits of residency, ie free banking.

As residents ourselves, my wife and I have come across the difficulty or persuading some UK banks to register our address in Spain as they insist on a UK address. Santander register my Spanish address as an address for communication but they insist on my using a UK address as my contractual address. When I tried to register my Spanish address with Kent Reliance, they blocked my access to my account as I wasn't a UK resident. It took a lot of effort to get my money out of the account.

Brido

Tue Oct 2, 2018 11:12am

Posts: 27

Location: Algorfa

4 helpful posts

Posted: Tue Oct 2, 2018 11:12am

CARPETMAN wrote on Mon Oct 1, 2018 1:23pm:

Hi I have replied to this subject many times and unless you have a mortgage there is no need to have a Spanish bank account, i have had a villa in Spain for 15 years and have not had a Spanish bank account for 14 years

Hi thanks for the info so its possible to pay Suma ,water,electricty,non residents tax and car tax by card

Brido

Tue Oct 2, 2018 11:26am

Posts: 27

Location: Algorfa

4 helpful posts

Posted: Tue Oct 2, 2018 11:26am

271935 wrote on Sun Sep 30, 2018 3:49pm:

They have always had a 1/4ly charge which has just gone up to 35e.

Unfortunately as non residents in Spain this is just one of those charges we need to suck up.

I know there can be charges but for Sabadell to just hike the price whenever they feel like it without even informing their customers is a disgrace I opened my account in 2016 the quarterly charge then was 24e last year to 30e now 35e this is a 40% increase in the 30months I have been with them so I think they believe we should all just suck it up or maybe its more a case of bend over and take whats coming

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