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Switching bank account

Posted: Sun Jan 31, 2021 2:49pm
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Posts: 34

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Location: Arboleas

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Hi there, when we bought our villa our Abogado set up our bank account with Caixa Bank in Albox. They are increasing our quarterly fees to 35 euros from April, so considering switching to a cheaper alternative.  

Does anyone have any experience of switching? Is it relatively straight forward? 

We have all the usual utility direct debits to transfer but do not have a monthly salary/income paid in.

The convenience of free cash withdrawals in Arboleas would definitely be an advantage. Any advice or recommendations would be appreciated.

Thanks

Zoe

Posted: Sun Jan 31, 2021 3:38pm

Alicia 11

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Posted: Sun Jan 31, 2021 3:38pm

cajamar bank in Arboleas will require you to pay in a regular amount every month to get free banking otherwise they will charge at least €15 every couple of months to use any cards.  the only other way is to open a savings account and buy a share in the bank which costs at least €1030+ and is very difficult to get back when you want it.

Posted: Sun Jan 31, 2021 4:00pm

Zoe74

Original Poster

Posts: 34

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Location: Arboleas

Joined: 16 Jan 2021

Posted: Sun Jan 31, 2021 4:00pm

Alicia 11 wrote on Sun Jan 31, 2021 3:38pm:

cajamar bank in Arboleas will require you to pay in a regular amount every month to get free banking otherwise they will charge at least €15 every couple of months to use any cards.  the only other way is to open a savings account and buy a share in the bank which costs at least €1030+ a...

 

Read more...

...nd is very difficult to get back when you want it.

Thank you Alicia for taking the time to reply.

Unfortunately Cajamar doesn’t look like a good option for us. 

We will keep looking and researching. 

Thanks again.

Zoe 👍

Posted: Sun Jan 31, 2021 9:32pm

John99andrew

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Posts: 784

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Joined: 29 Nov 2017

Posted: Sun Jan 31, 2021 9:32pm

Zoe74 wrote on Sun Jan 31, 2021 4:00pm:

Thank you Alicia for taking the time to reply.

Unfortunately Cajamar doesn’t look like a good option for us. 

 

Read more...

We will keep looking and researching. 

Thanks again.

Zoe 👍

You could try sabadel in Vera a lot of English use sabadel

Posted: Sun Jan 31, 2021 10:49pm

Zoe74

Original Poster

Posts: 34

star24 helpful points

Location: Arboleas

Joined: 16 Jan 2021

Posted: Sun Jan 31, 2021 10:49pm

John99andrew wrote on Sun Jan 31, 2021 9:32pm:

You could try sabadel in Vera a lot of English use sabadel

Thank you for the suggestion. I will certainly look into Sabadel. 

Much appreciated 👍

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Posted: Tue Feb 2, 2021 8:20am

Lorna

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Posts: 188

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Location: Velez-Rubio

Joined: 29 Jan 2018

Posted: Tue Feb 2, 2021 8:20am

Zoe74 wrote on Sun Jan 31, 2021 2:49pm:

Hi there, when we bought our villa our Abogado set up our bank account with Caixa Bank in Albox. They are increasing our quarterly fees to 35 euros from April, so considering switching to a cheaper alternative.  

Does anyone have any experience of switching? Is it relatively straight ...

 

Read more...

...forward? 

We have all the usual utility direct debits to transfer but do not have a monthly salary/income paid in.

The convenience of free cash withdrawals in Arboleas would definitely be an advantage. Any advice or recommendations would be appreciated.

Thanks

Zoe

Cajamar Wefferent account has no fees. 

Posted: Tue Feb 2, 2021 9:36am

Zoe74

Original Poster

Posts: 34

star24 helpful points

Location: Arboleas

Joined: 16 Jan 2021

Posted: Tue Feb 2, 2021 9:36am

Lorna wrote on Tue Feb 2, 2021 8:20am:

Cajamar Wefferent account has no fees. 

Thank you Lorna, much appreciated 👍

Posted: Wed Feb 3, 2021 10:51am

marion389

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Posted: Wed Feb 3, 2021 10:51am

Hi there. Without a doubt the online Wefferent account with Cajamar. Absolutely no fees, no rules about paying in a set amount each month, no waiting forever in queues. An excellent way of banking.

Posted: Wed Feb 3, 2021 5:55pm

Zoe74

Original Poster

Posts: 34

star24 helpful points

Location: Arboleas

Joined: 16 Jan 2021

Posted: Wed Feb 3, 2021 5:55pm

marion389 wrote on Wed Feb 3, 2021 10:51am:

Hi there. Without a doubt the online Wefferent account with Cajamar. Absolutely no fees, no rules about paying in a set amount each month, no waiting forever in queues. An excellent way of banking.

Thank you. This account has definitely been highly recommended and seems like the obvious choice for us. 

Appointment with current bank - Caixa @ Albox, tomorrow to let them know we are leaving (and another refund issue we have with them)

Thank you very much for your advice - much appreciated 👍

Posted: Sun Feb 7, 2021 10:52pm

Zoe74

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Posts: 34

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Location: Arboleas

Joined: 16 Jan 2021

Posted: Sun Feb 7, 2021 10:52pm

This post that was quoted has been deleted.

Well there was no budging on the fees with Caixa (we did ask).

We are waiting on a large refund to appear in our account (which has disappeared without a trace) before making the switch to Cajamar online account which all seems straight forward. 

We plan to open the new account, update our details with the utilities and withdraw/transfer funds from Caixa. Hopefully all straight forward 🤞.

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