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What is a good bank to for none residents.

Posted: Thu Sep 23, 2021 12:04am
25 replies788 views16 members subscribed
ken21

Posts: 53

11 helpful points

Location: Torrevieja

Joined: 13 Apr 2018

I am looking at changing my bank from Banco Sabadell. They charge me 160 for a current  account. The service is poor. Can anyone recommend one that is easy to change my direct debit payments? Thank you.

PedroB

Posted: Thu Sep 23, 2021 7:48am

Posts: 49

34 helpful points

Location: Salinas

Joined: 27 Mar 2021

Posted: Thu Sep 23, 2021 7:48am

Has to be ‘wise’ formally transferwise. You get a uk account number and a euro account number on the same account. Easy to transfer funds from £’s to €’s and back again at probably the best transfer rates about. The euro account is based in Belgium so your IBAN number is excepted in Spain to pay direct debits. I used it pay my electricity, water, house / car insurance and SUMA. I also use for all contactless payments. You can withdraw cash with it but you are restricted to €200 / month, I don’t use much cash these days as contactless is so easy so this is not an issue for me. 

Kimmy11

Posted: Thu Sep 23, 2021 8:10am

Kimmy11

Legendary helpful member

Posts: 4391

8464 helpful points

Joined: 8 Aug 2017

Posted: Thu Sep 23, 2021 8:10am

Hi Ken,

I'd also recommend Wise:

https://wise.com/help/

Kind regards, 

Kim

Stevec2x

Posted: Thu Sep 23, 2021 10:10am

Stevec2x

Helpful member

Posts: 484

268 helpful points

Location: Playa Flamenca

Joined: 23 Jan 2020

Posted: Thu Sep 23, 2021 10:10am

Hi

Just to clarify, you are not limited to 200 per month, but if you exceed 200 there are charges.

Cheers

Steve

charliesdad

Posted: Thu Sep 23, 2021 10:23am

Posts: 104

43 helpful points

Location: Orihuela Costa

Joined: 27 Sep 2016

Posted: Thu Sep 23, 2021 10:23am

Wise ,all my DDs etc , every day! John

20kiki

Posted: Thu Sep 23, 2021 10:35am

20kiki

Helpful member

Posts: 486

283 helpful points

Location: Torrevieja

Joined: 5 Apr 2017

Posted: Thu Sep 23, 2021 10:35am

ken21 wrote on Thu Sep 23, 2021 12:04am:

I am looking at changing my bank from Banco Sabadell. They charge me 160 for a current  account. The service is poor. Can anyone recommend one that is easy to change my direct debit payments? Thank you.

All Spanish banks charge for a non resident acc-open an on-line account with Wise-free direct debits & no fees!!!!

PedroB

Posted: Thu Sep 23, 2021 1:17pm

Posts: 49

34 helpful points

Location: Salinas

Joined: 27 Mar 2021

Posted: Thu Sep 23, 2021 1:17pm

Stevec2x wrote on Thu Sep 23, 2021 10:10am:

Hi

Just to clarify, you are not limited to 200 per month, but if you exceed 200 there are charges.

Cheers

Steve

Sorry, did explain that well. 

MargaretB

Posted: Wed Sep 29, 2021 3:02pm

Posts: 1

Location: Torrevieja

Joined: 22 Jun 2019

Posted: Wed Sep 29, 2021 3:02pm

Also looking to change bank account from sabadell. Do wise set up your new direct debits with them or do you have to arrange changes yourself. Wise sounds the account I  would want to have

charliesdad

Posted: Wed Sep 29, 2021 3:22pm

Posts: 104

43 helpful points

Location: Orihuela Costa

Joined: 27 Sep 2016

Posted: Wed Sep 29, 2021 3:22pm

PedroB wrote on Thu Sep 23, 2021 7:48am:

Has to be ‘wise’ formally transferwise. You get a uk account number and a euro account number on the same account. Easy to transfer funds from £’s to €’s and back again at probably the best transfer rates about. The euro account is based in Belgium so your IBAN number is excepted in Sp...

...ain to pay direct debits. I used it pay my electricity, water, house / car insurance and SUMA. I also use for all contactless payments. You can withdraw cash with it but you are restricted to €200 / month, I don’t use much cash these days as contactless is so easy so this is not an issue for me. 

Wise every day. Spanish banks #####John!

ken21

Posted: Wed Sep 29, 2021 6:21pm

ken21

Original Poster

Posts: 53

11 helpful points

Location: Torrevieja

Joined: 13 Apr 2018

Posted: Wed Sep 29, 2021 6:21pm

MargaretB wrote on Wed Sep 29, 2021 3:02pm:

Also looking to change bank account from sabadell. Do wise set up your new direct debits with them or do you have to arrange changes yourself. Wise sounds the account I  would want to have

Yes I am definitely going to set up a Wise money transfer account when I go back to the UK. I would like to know more about transferring my Direct Debit payments to Wise also.  Thanks

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