I have just found out that Caixabank charge a quarterly bank fee. Do all banks charge these fees or just them
Posted: Wed Oct 9, 2024 4:16pm
Helpful member
Assuming you're a non resident I believe all Spanish banks charge hefty fee's hence most people using WISE or Revolut or similar.
Posted: Wed Oct 9, 2024 4:29pm
RonTT wrote on Wed Oct 9, 2024 4:16pm:
Assuming you're a non resident I believe all Spanish banks charge hefty fee's hence most people using WISE or Revolut or similar.
Thanks Ron
Posted: Wed Oct 9, 2024 10:17pm
If you look at the contract they made you sign when you opened the account (but never gave you time to read or translate), somewhere in there it says that you accept a quarterly fee. I tried to object to paying for nothing, and they just slammed the contract on the table in front of me and pointed to my signature.
Posted: Wed Oct 9, 2024 10:35pm
Very helpful member
There are a number of options that allow fee free banking if resident - Wefferent from Cajamar, N26 and others that I've forgotten if you search at the top of the page on similar terms.
If non-resident, then it's likely Wise (not a bank but you can pay DDs etc out of it as they provide a full BE IBAN to provide to Iberdrola, SUMA, Hidragua etc).
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Posted: Thu Oct 10, 2024 6:41am
George55 wrote on Wed Oct 9, 2024 10:35pm:
There are a number of options that allow fee free banking if resident - Wefferent from Cajamar, N26 and others that I've forgotten if you search at the top of the page on similar terms.
If non-resident, then it's likely Wise (not a bank but you can pay DDs etc out of it as they provide a full BE IBAN to provide to Iberdrola, SUMA, Hidragua etc)....
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Thank you George. We complete on our property next week. Obviously the solicitors set up everything as our POA When we move permanently next summer, do those fees stop?.
Posted: Fri Oct 11, 2024 9:01am
Tonychrissy wrote on Thu Oct 10, 2024 6:41am:
Thank you George. We complete on our property next week. Obviously the solicitors set up everything as our POA When we move permanently next summer, do those fees stop?.
I have been charged by our Spanish bank 2 x 25 euros for tax certificates. Is this normal?
Tonychrissy wrote on Fri Oct 11, 2024 9:01am:
I have been charged by our Spanish bank 2 x 25 euros for tax certificates. Is this normal?
Yes. Every 2 years non residents must confirm they are still non residents earning income from elsewhere and the tax authorities won't chase you for tax returns. The bank does it for you and charges a fee.
That 25 euro is quite reasonable as some banks charge up to 40 euro for it.
Posted: Fri Oct 11, 2024 9:20am
marcliff wrote on Fri Oct 11, 2024 9:06am:
Yes. Every 2 years non residents must confirm they are still non residents earning income from elsewhere and the tax authorities won't chase you for tax returns. The bank does it for you and charges a fee.
That 25 euro is quite reasonable as some banks charge up to 40 euro for it.
Many thanks, that's very helpful. We have just purchased our new home and moving permanently next year.
The certificate of non residency will no longer be required once you become a resident so make sure you tell your bank.
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