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Is it easy to open a bank account in Spain and do they do internet banking in English?

Posted: Thu Aug 11, 2016 6:55pm
12 replies91 views4 members subscribed
Paddywhack1971

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Location: Los Montesinos

Joined: 11 Aug 2016

How easy (or difficult) is it to open a bank account in Spain and do they do internet banking in English. Thanks Patrick

Sheila64

Posted: Fri Aug 12, 2016 3:45pm

Sheila64

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Posted: Fri Aug 12, 2016 3:45pm

It is very easy. I recommend Banco Sabadell. If you Google their website and choose English, you will see that it is in the format that we are used to. They also speak excellent English. We opened a bank account and had our cash point cards within 5 days. They also have many branches. Also, if you have your pension or other income credited to the account every month, there are no bank charges. 

Paddywhack1971

Posted: Fri Aug 12, 2016 4:11pm

Paddywhack1971

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Joined: 11 Aug 2016

Posted: Fri Aug 12, 2016 4:11pm

Many thanks Sheila.  That sounds good.  We are going to be in the Villamartin Area so there is bound to be one near.  Your advice has been in invaluable.  Regards Patrick

Chezste

Posted: Fri Aug 12, 2016 4:11pm

Chezste

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Posted: Fri Aug 12, 2016 4:11pm

I agree with Sheila,

Very attentive and informative.

Another tip ( although not particularly good atm ) use a money company to transfer money over, I secured a lot with them at €1.27 just before the brexit to purchase our apartment, the sale went through after brexit and it plummeted to 1.14 but we had secured the money at 1.27 so saved thousands!  We then transferred the remainder to the Spanish bank to pay our utilities for the next year and to buy things we need for the apartment.

Paddywhack1971

Posted: Fri Aug 12, 2016 4:29pm

Paddywhack1971

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Location: Los Montesinos

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Posted: Fri Aug 12, 2016 4:29pm

Hi Chezste.  Thanks for the information.  Patrick

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Sheila64

Posted: Fri Aug 12, 2016 4:40pm

Sheila64

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Posted: Fri Aug 12, 2016 4:40pm

Yes, we did the same thing with the money. 

Villamartin is a large area. You will notice that there are not the great number of bank branches or ATM's about in this part of Spain, as there are in UK. There is a Sabadell Bank not far from a large Mercadona supermarket. The area comes under Campoamor. It has a very good ATM there. The website tells you where the branches and ATM's are. Most ATM's that are not your bank, charge for withdrawals. So it's always best to use your own bank. I've got used to it now and withdraw a couple of hundred at a time. 600€ a day is the limit. I pay for all shopping using the bank card, so don't have to use cash as often as I did in London.

Best of luck!

Paddywhack1971

Posted: Fri Aug 12, 2016 4:59pm

Paddywhack1971

Original Poster

Posts: 46

1 helpful points

Location: Los Montesinos

Joined: 11 Aug 2016

Posted: Fri Aug 12, 2016 4:59pm

Many thanks Sheila.  Regards Patrick

Nickyh11

Posted: Sat Aug 13, 2016 3:32pm

Posts: 73

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Location: Agost

Joined: 2 Nov 2015

Posted: Sat Aug 13, 2016 3:32pm

Paddywhack1971 wrote on Thu Aug 11, 2016 6:55pm:

How easy (or difficult) is it to open a bank account in Spain and do they do internet banking in English. Thanks Patrick

I agree that Banco. Sabadell is worth looking into. Their Expansion Account has no fees but you have to credit a monthly figure of €700 to qualify. Their ATM withdrawals & online services are easy to follow in English.

Paddywhack1971

Posted: Sat Aug 13, 2016 4:35pm

Paddywhack1971

Original Poster

Posts: 46

1 helpful points

Location: Los Montesinos

Joined: 11 Aug 2016

Posted: Sat Aug 13, 2016 4:35pm

Many thanks for info.  Patrick

Paddywhack1971

Posted: Sun Aug 14, 2016 12:06pm

Paddywhack1971

Original Poster

Posts: 46

1 helpful points

Location: Los Montesinos

Joined: 11 Aug 2016

Posted: Sun Aug 14, 2016 12:06pm

Sheila64 wrote on Fri Aug 12, 2016 4:40pm:

Yes, we did the same thing with the money. 

Villamartin is a large area. You will notice that there are not the great number of bank branches or ATM's about in this part of Spain, as there are in UK. There is a Sabadell Bank not far from a large Mercadona supermarket. The area comes under Campoamor. It has a very good ATM there. The websit...

...e tells you where the branches and ATM's are. Most ATM's that are not your bank, charge for withdrawals. So it's always best to use your own bank. I've got used to it now and withdraw a couple of hundred at a time. 600€ a day is the limit. I pay for all shopping using the bank card, so don't have to use cash as often as I did in London.

Best of luck!

Hi Sheila.  Do you know if it is possible to set up Standing Order to pay for rent etc just like UK.  Regards Patrick

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