NLV renewal for years 2/3

Jenni wrote on Fri Mar 7, 2025 12:27pm:

The one thing that never seems to get mentioned on here when people ask for advice re money/bank accounts, is that the Spanish Government have access to your bank account and can remove your money without notice.  I have experience of this they still owe me 800euros from 8 years ago, it was ...

Read more...

...their mistake, they admitted it, but getting the money back is like blood out of a stone.  Personally I would not be happy with putting my life savings into a Spanish account.

Ledwauk1512 wrote on Fri Mar 7, 2025 4:14pm:

I agree you,  and I have been advised by my Spainish Bank Manager to never have over 2000€ in my account due to issues with local authorities and various Government departments taking money out of accounts without informing you. 

Ledwauk1512 wrote on Fri Mar 7, 2025 4:14pm:

I agree you,  and I have been advised by my Spainish Bank Manager to never have over 2000€ in my account due to issues with local authorities and various Government departments taking money out of accounts without informing you. 

Tim Allen wrote on Sun Mar 9, 2025 1:31pm:

We have just renewed our NLVs. Yr2&3. Our solicitor provided both our Spanish and UK bank statements and our Wise transfer account balance to the Foreigners bureau. She says a Spanish bank account is a must. We transfer a set ammount from the UK to the Wise account monthly, the Wise account s...

Read more...

...ends a set ammount each month to our Unicaja account and all local expenditure, groceries, petrol, etc can be seen to be paid from that. 

By using the Wise transfer account, we control when to concert Sterling to Euros, which means we save a fortune on fees, exchange rates and card charges. The Spanish authorities need to see you are residents and behave as such. Other things you must have are sufficient income, circa 38k euros per annum for a couple and no large debts. A padron for your Spanish residence and proof of medical insurance or an S1, registered with your local GP. They do take savings and property owned into account too.

Use a good solicitor, it will go much easier if you do.

walchell wrote on Tue Mar 11, 2025 2:39pm:

Thanks for your reply but how do I show proof of savings which is held in a UK bank when they wont accept UK bank statements I too am not keen on putting all my savings in a Spanish bank for proof of sufficient funds to live on but what other options are there?

Cheers