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BBVA bank

Posted: Wed Oct 25, 2023 6:21pm
4 replies5 members subscribed
Mick77

Posts: 4

2 helpful points

Location: Villamartin

Joined: 27 Jan 2023

Hello, we recently purchased a property in Villa Martin area, during the purchase our solicitor opened a Spanish bank account on our behalf with Bankinter, all was fine until we realised we were charged 30€ per card, and the bank maintenance fee was 120€.

    I have since been looking for alternatives and bbva do not appear to charge fees, can anybody please confirm this, these appear to take care of transferring the direct debits that are now set up, again free of charge, but his there a catch? ,thank you in advance for any help you can 

Stevec2x

Posted: Thu Oct 26, 2023 9:43am

Stevec2x

Super helpful member

Posts: 1880

1071 helpful points

Location: Playa Flamenca

Joined: 23 Jan 2020

Posted: Thu Oct 26, 2023 9:43am

Hi Mick

A lot of people on this forum recommend Wise.com - myself included.

It's free to register, and fees are minimal and exchange rates are amongst the best.

Cheers

Steve

tebo53

Posted: Thu Oct 26, 2023 10:05am

tebo53

Legendary helpful member

Posts: 4845

5036 helpful points

Location: Benidorm

Joined: 29 May 2018

Posted: Thu Oct 26, 2023 10:05am

Stevec2x wrote on Thu Oct 26, 2023 9:43am:

Hi Mick

A lot of people on this forum recommend Wise.com - myself included.

It's free to register, and fees are minimal and exchange rates are amongst the best.

Cheers

Steve

Yes I agree, a lot of forum members have switched Banking to Wise Online where you can set up direct debits etc, have a bank card all with minimum or no charge. 

www.wise.com

Steve 

Geoffro

Posted: Thu Oct 26, 2023 10:17am

Geoffro

Helpful member

Posts: 293

187 helpful points

Location: Cabo Roig

Joined: 21 Feb 2019

Posted: Thu Oct 26, 2023 10:17am

Almost all Spanish banks make charges to non residents. For this reason it is best to go   online with a company such as Wise to pay your direct debits. I'm actually with Bankinter my self and don't get charged any fees but I am a resident.

REH19

Posted: Mon Oct 30, 2023 9:11am

REH19

Helpful member

Posts: 208

129 helpful points

Location: Villamartin

Joined: 10 Jul 2018

Posted: Mon Oct 30, 2023 9:11am

Mick77 wrote on Wed Oct 25, 2023 6:21pm:

Hello, we recently purchased a property in Villa Martin area, during the purchase our solicitor opened a Spanish bank account on our behalf with Bankinter, all was fine until we realised we were charged 30€ per card, and the bank maintenance fee was 120€.

    I have since been looking for alternatives and bbva do not appear to charge fees, can anybody please confirm this, these appear to take care of transferring the direct debits that are now set up, again free of charge, but his there a catch? ,thank you in advance for any help you can...

... 

If you only use the bank account for paying your utilities Direct Debits, then save some money immediately by not having cards - (use your U.K. one, there are several which don’t charge exchange fees).

We use a Wise account as a money transfer service, but currently you can’t open joint account with Wise and it’s not a bank. However, as it doesn’t cost anything to open, why not try it and see how you find it before you decide what to do about your Spanish bankaccount

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Jennifer Cunningham Insurances SL
POSITIVE BELIEFS
Car Key Solutions
Blacktower Financial Management
Gentlevan Removals
ASSSA Insurance
Expat Services
Airport Service Taxi Mil Palmeras  Torre de la Horadada
Costa Blanca Building Specialists
interior building work
AA Free English TV
Thy Will Be Done
Gran Alacant Insurances
James Spanish School
Espana Dream Properties
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