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Posted: Wed Jul 21, 2021 2:42pm
Kimmy11 wrote on Sat Jul 17, 2021 12:57pm:
Hi Steve,
No, not that I'm aware of, but it's more convenient, especially when it comes to cash withdrawals. We pay €15 per quarter with Sabadell, so not horrendous charges for a resident. When I'm old enough to draw my state pension, I'm hoping they'll still be offering free banking - only 7...
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... years to wait! 🙄😄
Kind regards,
Kim
They charge me 40 a quarter
Posted: Wed Jul 21, 2021 2:50pm
Legendary helpful member
tracy999 wrote on Wed Jul 21, 2021 2:42pm:
They charge me 40 a quarter
Hi Tracey,
My €15 per quarter fee is because I'm a Spanish resident. I'm guessing your €40 per quarter fee is because you're non-resident?
Kind regards,
Kim
Posted: Wed Jul 21, 2021 3:49pm
Kimmy11 wrote on Sat Jul 17, 2021 12:57pm:
Hi Steve,
No, not that I'm aware of, but it's more convenient, especially when it comes to cash withdrawals. We pay €15 per quarter with Sabadell, so not horrendous charges for a resident. When I'm old enough to draw my state pension, I'm hoping they'll still be offering free banking - only 7...
Read more...
... years to wait! 🙄😄
Kind regards,
Kim
Do you only pay 15 per month with Sabadell. I paid 54 Euro for last quarter fees. Is this unusual
Posted: Wed Jul 21, 2021 3:55pm
Jpm wrote on Wed Jul 21, 2021 3:49pm:
Do you only pay 15 per month with Sabadell. I paid 54 Euro for last quarter fees. Is this unusual
Further to above, I have opened a N26 account and plan to transfer l my direct debits to it whenever I get to Spain?
Posted: Wed Jul 21, 2021 4:00pm
Helpful member
I'm with bankinter, I pay €22 a quarter, least I think that's what it is ,
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Posted: Wed Jul 21, 2021 4:16pm
paulsav wrote on Sun Jul 18, 2021 6:43pm:
Hi Doreen
N26 is no good for a non resident as they are no longer dealing with UK residents, only consider them if resident as they will only allow Spanish residents with a Spanish primary residence to have a Spanish IBAN. As Kim(thankyou Kim) said I highly recommend Cajamar bank as a fee free account for ...
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...non residents. I changed in 2019 March to Cajamar from Sabadell and have not paid 1cent in fees since. I believe the opening of the account called "weferrent" an online account, has changed since then and you can deposit an amount in a savings account or become a member with a smaller deposit to enable free banking. You have to open in branch as the white NIE is not recognised, but once you have your account, you can download their app(to phone or pc) and change language to English. Read their website, very good in English, disregard any condition as have to be resident, I have many on resident converted users. I have written many replies which you can find if you do searches in Banking which will give you more info. As you are in Torrevieja your branch will probably have an English speaker which in our branch, very Spanish area well inland no one spoke English. We used Google translate and managed with a lot of laughs along the way. Research and if you have questions pm me, but try to read some earlier replies.
Wished we,d done it 10years ago before Sabadell had charged over 2000€ fees in that time. Good luck
Regards
Pauline
I don't understand why you say it's no good for non residents. Can you not set up direct debits for Spanish utilities. Why would you need a Spanish IBAN
Jpm wrote on Wed Jul 21, 2021 4:16pm:
I don't understand why you say it's no good for non residents. Can you not set up direct debits for Spanish utilities. Why would you need a Spanish IBAN
A lot of entities demand a Spanish IBAN, or at least an EU IBAN. Wise offers a Belgium IBAN which is acceptable to a lot of companies. What address did you give as your primary address as I believe N26 no longer deal with UK residents. (I could be wrong but sure I read it after Brexit). If you are resident in Spain then that's OK but not OK to give Spain address if you are non resident. You could come unstuck with tax issues by stating you are resident, same with the padron, non residents should not be on it
Regards
Pauline
Posted: Wed Jul 21, 2021 5:45pm
Legendary helpful member
Jpm wrote on Wed Jul 21, 2021 3:49pm:
Do you only pay 15 per month with Sabadell. I paid 54 Euro for last quarter fees. Is this unusual
Hi Jpm,
I'm a Spanish resident - are you? Residents pay lower bank fees than Non-residents.
Kind regards,
Kim
Posted: Wed Jul 21, 2021 5:53pm
Legendary helpful member
Jpm wrote on Wed Jul 21, 2021 4:16pm:
I don't understand why you say it's no good for non residents. Can you not set up direct debits for Spanish utilities. Why would you need a Spanish IBAN
Hi Jpm,
You don't necessarily need a Spanish IBAN, but your bank account must have an IBAN from a country that is an EU member state, which N26 does have:
Bank fees have become an issue for UK citizens since 1 January this year as, post-Brexit, transactions via financial institutions with UK IBANs, incur additional charges.
Kind regards,
Kim
Posted: Wed Jul 21, 2021 5:58pm
Super helpful member
Kimmy11 wrote on Wed Jul 21, 2021 5:45pm:
Hi Jpm,
I'm a Spanish resident - are you? Residents pay lower bank fees than Non-residents.
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Kind regards,
Kim
I've always wondered why?
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