Bank Draft Fees

sansa99 wrote on Thu Apr 27, 2023 12:59am:

We are looking for any feedback from people who have recently purchased a property and had to organise final payment by means of a bank draft. We need to open a Spanish bank account and have narrowed it down to Sabadell or Caixa bank. Some online articles state there is a maximum charge by these ...

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...two banks of 300 euros to provide a bank draft. Others say a percentage is applied to the total amount which in our case could result in a charge of 3,000 euros! We have checked the list of fees on both bank websites and as far as we can see there is no mention of bank drafts and charges that may apply.

Any information would be gratefully received. Also if you have any contacts or email addresses for both banks in Mojacar that would be great. Sabadell seems to be the better choice as a lot of previous comments state that their online banking app is one of the best ones for expats.

Thanks :o) 

Airtaine wrote on Thu Apr 27, 2023 9:51am:

Hi Sansa

Sabadell will waive the fee if you opt for thier home insurance for one year. I belived we saved around 175€ not much  when you consider the costs of property purchase but it's in my poca and not the banks and we got a good home insurance policy that could have cost us if we took it out wi...

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...th a broker.

As for the app it's grand considering it is translated into the language of your choice so there are few lets say faults but its grand for everyday tranactions. 

There is a Sabadell branch in Mojacar Playa that is only open on Monday mornings. The next nearest one is in Vera and is open Monday's to Friday's

Joan49 wrote on Thu Apr 27, 2023 2:51pm:

I agree with the previous comment. I also went with Sabadell and got a reduction for taking out their insurance. Otherwise I think it was €300

Zakluka21 wrote on Sat Apr 29, 2023 10:14pm:

Hi there

We had to pay 60 euros for bank transfer of 55k at caixa bank..

sansa99 wrote on Sat Apr 29, 2023 10:38pm:

Thanks so much. We thought it was around 300 euros maximum charge. We will definitely be negotiating a reduction if we use Sabadell :o)

jools wrote on Wed May 3, 2023 12:16pm:

Hi when bought i transferred small amounts from caxia bank to the buyers bank ...boring but free...check what the maximum amount is to transfer for free. Think mine was €20.000