Bank reconciliations - without fees - Page 2

Ita wrote on Wed Sep 2, 2020 1:10pm:

Looking for recommendations for a Bank to switch to who do not charge exorbitant fees . 

I recently discovered that my bank Bankia have be been charging me €14 monthly fee without notifying me of the change  & despite agreeing no fees which be charged  when I opened my account just over 1 year ago. 😤...

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Otherwise, any information on how to find a banking system eg online etc where I can avoid these exorbitant fees for nothing ? 

TwinnieHug wrote on Wed Sep 9, 2020 11:17pm:

The big question is? How easy is it to transfer from one back to another bank.  I understand that in Spain (unlike the UK) the banks do not transfer easily .  You  have to close your account down and set up your direct debits all over again in the new bank of your choice.  Wha...

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...t happened o the EU common arrangements?

TwinnieHug wrote on Wed Sep 9, 2020 11:17pm:

The big question is? How easy is it to transfer from one back to another bank.  I understand that in Spain (unlike the UK) the banks do not transfer easily .  You  have to close your account down and set up your direct debits all over again in the new bank of your choice.  Wha...

Read more...

...t happened o the EU common arrangements?

Bubsy wrote on Thu Sep 10, 2020 11:29am:

I read about a basic payment account which Sabadell have which charges 39euro a year. My account is with that bank so I thought it would be easy.

Not easy at all. I was told that my account number would be changed and that I would have to organise the direct debits myself.

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I then said what about lodging 700e a month and getting cheaper banking that way.  Same story. New account number and organise the DDs myself.

I thought it was EU law too. I know in Ireland it's very easy to do.

I didn't do anything yet!

paulsav wrote on Wed Sep 9, 2020 11:49pm:

It's true we closed our Sabadell account in branch (something that most if not all Spanish banks insist on, so they can check all fees upto that minute have been paid) then we went to our Cajamar bank and opened in branch (again had to do that as we are non residents so the online application is ...

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...only for residents). We took all our direct debit info, ie. Company and reference no. and their agent input all info ready for future payments. However agent warned they might not all get paid following month, perhaps month after. So I telephoned or emailed every debit company myself with new account no as my old account being closed obviously wouldn't be paying them. All went through following month without a hitch. There doesn't appear a system like UK in switching, but I think this is down to Spanish beaurocracy. 

Regards 

Pauline 

Bubsy wrote on Thu Sep 10, 2020 11:29am:

I read about a basic payment account which Sabadell have which charges 39euro a year. My account is with that bank so I thought it would be easy.

Not easy at all. I was told that my account number would be changed and that I would have to organise the direct debits myself.

Read more...

I then said what about lodging 700e a month and getting cheaper banking that way.  Same story. New account number and organise the DDs myself.

I thought it was EU law too. I know in Ireland it's very easy to do.

I didn't do anything yet!

paulsav wrote on Thu Sep 10, 2020 4:16pm:

When banks were told to offer a "basic" bank account for 3€ month, I too approached my Sabadell branch to be told "you must provide us with tax figures showing you have a low income to qualify". It appeared the "basic" account had conditions, ie. it was to reduce fees for low income users. As a...

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... non resident we didn't have tax figures as we are UK fiscal residents, so no go as far as that went. However after over 10yrs of paying expensive non resident fees it really hit the button on why I should still be paying such fees. It did take 3 to 4 wks of research of every Spanish bank and online non Spanish banking alternatives to eventually arriving at Cajamar. If I hadn't been refused by Sabadell, we would still be paying fees, albeit lower fees so I have to thank them for that. We changed in March 2019 and have already saved over 210€ in fees. 

Regards 

Pauline