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Bank charges

Posted: Wed Jan 24, 2018 1:22pm
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Paul67

Posts: 36

star15 helpful points

Location: Villamartin

Joined: 26 May 2017

Having recently purchased an apartment in Villamartin, the solicitor set up a current account for me with the Sabadell bank to pay the direct debits for suma, community fees, electric, water etc.

I am being charged €30 per quarter for what they call interest/ commission !... is this standard practise or is there another bank I can change to that dont charge ?.. i always stay in the  black and so I can only.assume that they charge the fees if you dont have a regular income being paid in ? 

Posted: Wed Jan 24, 2018 3:25pm

jimtaylor

Legendary helpful member

Posts: 5612

star8739 helpful points

Location: Mudamiento

Joined: 2 Feb 2017

Posted: Wed Jan 24, 2018 3:25pm

That amount is typical for a non-resident account. 

You might be able to get a slight reduction if you get the non-resident certificate yourself.

Posted: Wed Jan 24, 2018 3:55pm

Andrew65

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Posts: 728

star672 helpful points

Location: La Marina

Joined: 29 Dec 2016

Posted: Wed Jan 24, 2018 3:55pm

It’s about right, that’s what we pay, you need to pay in a regular amount €600 plus a month I think to not have to pay charges. In most countries you have to pay for banking it’s just a quirk of the UK that you don’t. 

Posted: Wed Jan 24, 2018 5:40pm

271935

Very helpful member

Posts: 836

star679 helpful points

Location: Villamartin

Joined: 30 Apr 2016

Posted: Wed Jan 24, 2018 5:40pm

Paul67 wrote on Wed Jan 24, 2018 1:22pm:

Having recently purchased an apartment in Villamartin, the solicitor set up a current account for me with the Sabadell bank to pay the direct debits for suma, community fees, electric, water etc.

I am being charged €30 per quarter for what they call interest/ commission !... is this standard practise or is there another bank I can change to that dont charge ?.. i always stay in the  black and so I can only.assume that they charge the fees if you dont have a regular income being pai...

 

Read more...

...d in ? 

Stay where you are no better deal out there for non residents.  

BS  provides a good service with Web and App access 

Posted: Fri Jan 26, 2018 8:46pm

Mary1961

Helpful member

Posts: 428

star211 helpful points

Location: Villamartin

Joined: 2 Jan 2017

Posted: Fri Jan 26, 2018 8:46pm

We are with Sabadell and all was going fine until I got an email today saying that a d debit was not being paid as our account had been blocked? We only set it up in October and there is quite a good balance . cannot get any answers from the help centre and have now got to wait until Monday to call branch. Anyone else had this problem?

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Posted: Sat Jan 27, 2018 10:53am

Scott

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Posts: 110

star131 helpful points

Location: Relleu

Joined: 10 Sep 2017

Posted: Sat Jan 27, 2018 10:53am

We are with sabadell but we’ve had recent problems with their app and setting up new payments and we are now locked out. After hours on the phone we found out:

Sabadell send security sms texts, thier sender is telephonica however EE in U.K. don’t have a contract meaning we now don’t receive the SMS to service out online banking. Hope this makes sense

Posted: Sat Jan 27, 2018 1:18pm

Mary1961

Helpful member

Posts: 428

star211 helpful points

Location: Villamartin

Joined: 2 Jan 2017

Posted: Sat Jan 27, 2018 1:18pm

jimtaylor wrote on Wed Jan 24, 2018 3:25pm:

That amount is typical for a non-resident account. 

You might be able to get a slight reduction if you get the non-resident certificate yourself.

makes sense. thank you. will let you know how we get on Monday.

Posted: Mon Jan 29, 2018 1:10pm

Ancient Printer

Helpful member

Posts: 232

star241 helpful points

Location: Javea / Xàbia

Joined: 4 Jan 2017

Posted: Mon Jan 29, 2018 1:10pm

Paul67 wrote on Wed Jan 24, 2018 1:22pm:

Having recently purchased an apartment in Villamartin, the solicitor set up a current account for me with the Sabadell bank to pay the direct debits for suma, community fees, electric, water etc.

I am being charged €30 per quarter for what they call interest/ commission !... is this standard practise or is there another bank I can change to that dont charge ?.. i always stay in the  black and so I can only.assume that they charge the fees if you dont have a regular income being pai...

 

Read more...

...d in ? 

Base euro interest rates are now -0.2%. Thus banks charge to run an account. Soon they'll have to pay you to borrow...!!!??? English banks still pay interest but that may not last. See my other post - go to a Caja rather than a Banco. If pensions are paid into the account fees are often zero.

Posted: Mon Jan 29, 2018 5:05pm

Mary1961

Helpful member

Posts: 428

star211 helpful points

Location: Villamartin

Joined: 2 Jan 2017

Posted: Mon Jan 29, 2018 5:05pm

Paul67 wrote on Wed Jan 24, 2018 1:22pm:

Having recently purchased an apartment in Villamartin, the solicitor set up a current account for me with the Sabadell bank to pay the direct debits for suma, community fees, electric, water etc.

I am being charged €30 per quarter for what they call interest/ commission !... is this standard practise or is there another bank I can change to that dont charge ?.. i always stay in the  black and so I can only.assume that they charge the fees if you dont have a regular income being pai...

 

Read more...

...d in ? 

got thru this morning at 7am uk.

a member of staff blocked the account

no reason given. all should be ok now lets see.

Posted: Mon Feb 12, 2018 7:13am

dalek44

Posts: 59

star11 helpful points

Location: Pinoso / El Pinós

Joined: 11 Jan 2016

Posted: Mon Feb 12, 2018 7:13am

jimtaylor wrote on Wed Jan 24, 2018 3:25pm:

That amount is typical for a non-resident account. 

You might be able to get a slight reduction if you get the non-resident certificate yourself.

What about the new bank Revolut, could this be used as an alternative to a Spanish bank?

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