New bank required - Page 2

DarioMartin wrote on Wed Sep 15, 2021 12:25pm:

Minimum amount, 700€ a month in and I have a small investment account with them (it’s got like 1.000€ in!!). Haven’t paid a céntimo in fees, including card.

they (and most other banks) WILL slug you around 20€ to pay in non Euro currency, so for receiving overseas payments or transfers I use the online Wise account (used to be TransferWise, changed their name) and receive in one currency, move to Euro balance (absolutely minimal conversion fee) the...

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...n transfer to Bank Account, cost of transfer 0,28c …. Much much better than 20€!!

Brian1 wrote on Wed Sep 15, 2021 1:41pm:

Ah, the €700 per month is more than we spend as we do not live in Spain. 

Guess I could transfer 700 in than 500 back out each month! But it's getting complicated...

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Will have to look at other options I guess.

Deishu wrote on Mon Sep 20, 2021 8:40am:

Banco Sabadell has proposed the closure of 320 branches in Spain, affecting almost 31 per cent of the bank's network in the country so bear that in mind.

DarioMartin wrote on Wed Sep 15, 2021 12:25pm:

Minimum amount, 700€ a month in and I have a small investment account with them (it’s got like 1.000€ in!!). Haven’t paid a céntimo in fees, including card.

they (and most other banks) WILL slug you around 20€ to pay in non Euro currency, so for receiving overseas payments or transfers I use the online Wise account (used to be TransferWise, changed their name) and receive in one currency, move to Euro balance (absolutely minimal conversion fee) the...

Read more...

...n transfer to Bank Account, cost of transfer 0,28c …. Much much better than 20€!!

Biggles172 wrote on Tue Sep 21, 2021 3:49am:

That's exactly what I do,keep money in Wise account in pounds,euros etc and transfer when required into Spanish account and withdraw money from their ATM.Keep minimum in Spanish account as here the authorities seem to have the right to take money out as they deem fit with no authorisation from th...

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...e account holder required.....

DarioMartin wrote on Tue Sep 21, 2021 8:34am:

Yes, if you have an outstanding debt to government (local, autonomous or national) in the form of fines, unpaid bills, taxes etc, they can embargo your account and recover the debt.

It is however a last resort and will not happen until they have made any and every attempt to contact you by post.

Biggles172 wrote on Tue Sep 21, 2021 8:41am:

Had nothing in the post saying I owe any money.Just money taken out of account,the bank says it's from the authorities but don't know why.Hence I keep about 1 euro in each of my Spanish bank accounts and majority in the Wise account which I believe they can't access.....

Ann17 wrote on Tue Sep 21, 2021 9:44am:

If you have the wise euro account or similar starling euro account why do you need a spanish bank account ?