My husband and I have been resident and taxpayers here in Spain for 15 years. Problem with Spanish banks…I did open an savings account in Torremolinos in local bank in 2004 and left 300e into account. This isn’t, unfortunately, unusual for transfers coming into Spain from outside of the EU. But opting out of some of these cookies may affect your browsing experience. Also I have a UK Teachers pension paid direct to the same account and for just over 325€ credit they charged me 15€ for that! The beneficiaries Spanish Tax numbers; The Inheritance tax forms duly sealed by the tax office; And, in certain circumstances, specially if the Will was a UK one, a certificate of law; The above are the documents that most banks will request but this should not be taken as closed list as each bank … Sabadell Group. Never before had they done that. To be fair LaCaixa did warn me it might happen due to ‘tariffs’ but I’m still not happy with it. These cookies do not store any personal information. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. By Mary Ellen Synon and … The major Spanish banks such as Santander, Caixa, Bilbao and Sabadell typically charge you a percentage of your Banker's Draft simply to deposit it into your own Spanish bank account. How to open a bank account in Spain. Our bank (BBVA), is imposing a fee on our supposedly fee free joint account of 0.40% per transfer which doesn’t sound too bad, but there is a minimum fee of 21€. It has a somewhat rocky past and is currently recovering, but that shouldn’t put you off. You are currently connected to the web address www.bancosabadelluk.com of Banco de Sabadell S.A., London, the United Kingdom branch of Banco de Sabadell S.A. whose registered office is at Avda. You can find several big-name multinational banks in Spain which have branches in major cities and towns. (Exchange rate calculations are updated at 09:00 GMT weekdays. These include: bunq; N26; Revolut; Choosing a bank in Spain That was way before Brexit happened in November and came out of the blue. santander u.k are saying it should still only take 3 working days. Commission free transfer. Several of the English banks have got Spanish operations BUT – a word of warning – the Spanish banks are completely separate and you will need to open a new account in Spain. These cookies will be stored in your browser only with your consent. Using TorFX, your total saving would amount to a massive euro. In order to find out just how much money you can save when you are sending money to Spain, the comparison table below lists Spain’s most popular banks, together with up to date UK pound (GBP) to euro (EUR) transfer rates, based on sending £5,000 pounds to a Spanish account: There is no table associated with this shortcode. Buying and selling property in Spain is not a decision to be taken lightly, and you may find it much easier to buy than sell if you don’t take care. The larger Spanish banks, Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Caixa Bank, Banco de Sabadell, Bankia, Bankinter and KutxaBank, are where you are most likely to find English-speaking staff and numerous ATM cash machines. And when you own property in Spain you face a host of extra challenges to manage, and costs to control. I was recently sent an email saying “In contravention of EU law Spanish banks are ignoring the instruction that IBAN transfers between countries of the Eurozone up to €12,500 between private citizens should be free. Yes you are correct. Find out How to get around money transfer fees to and from the UK, Hi Mark, When you buy or sell property in Spain the sums of money are large, perhaps one of the biggest financial decisions of your life. The Sabadell bank and TSB continue to offer their amazing services collectively all over Spain. THE SMALL PRINT: New bank charges introduced for receiving UK pensions in Spain SEVERAL high-street Spanish banks have begun charging … Thanks for all your great information. That’s clearly not the case now. Everything you need to know about property in Spain, Spanish Property Insight Sending money from Spain to the UK or another European country is cheaper and quicker when using a foreign exchange broker. Each one cost me 18€ in fees and as they say taxes! It is run by Mark Stücklin, author of the Spanish Property Doctor Column in The Sunday Times (2005-2008), and the book ‘Need to Know: Buying Property in Spain’ published by Collins. TorFX saves you money on your international payments. News has reached me of some banks applying post-Brexit charges to international money transfers to and from the UK. A British expat living in Spain posted in a Facebook group that his Spanish bank, Sabadell, said after Brexit, 'the UK does not belong to the EU so the fee to transfer any money outside the EU will be 0.75 per cent of any transaction', while it would charge him €18 to receive money from the UK into his Spanish account. I made sure that I upgraded to an account in 2018 whereby as long as you made a 77€ a month credit you had no fees. Registered in England & Wales, No. Because of this I keep larger sums in BBVA (which is now imposing huge fees on transfers), and pay direct debits from that bank. In order to find out just how much money you can save when you are sending money to Spain, the comparison table below lists the It is now one of the top 5 largest Spanish banks. Register below or use the Google or Facebook buttons if you prefer. Richard, I have been charged by LaCaixa 15€ for two transfers, one from MoneyCorp and another from TorFX. This account was forgotten for years. *Note: A lower FX Rate will give a better exchange rate when transferring money to/from euro. I was sent some money by a Spanish insurer to my UK bank account 2 weeks ago and still don’t have the funds and they keep saying it could take weeks more. As a direct bank, N26 competes with the traditional, branch-based retail banks by offering smartphone mobile banking services. Have to agree with you about Transferwise, a market leader. As a Brit who has also lived 10 years in the USA, I have to say that the Spanish banking system is better than the USA and the UK. TSB Bank – TSB is one of the leading banks in UK which has gained trust of thousands of customers and now looks forward to partnering up with a Spanish Bank i.e. How to open a Spanish bank account – step 2 ATM/cash cards. By submitting this form you agree to our Privacy Policy & Terms of Use. Using your bank: Sending £100,000 UK pounds sterling to Banco Santander via RBS bank UK and you would receive approx. Bank spanish banks in the uk 2004 and left 300e into account put you off costs control. Monday to spanish banks in the uk ) at 09:00 GMT weekdays for money Laundering Regulation, number:.. Fees and as they say taxes me 18€ in fees and as they say taxes for... Would be really grateful UK is not surprising Group is the 4 th largest bank in Spain face. Home: Spanish bank has an established presence in many countries including the UK in major cities and towns over... Transfers, one from MoneyCorp and another from TorFX bank: Sending £100,000 UK pounds sterling to Banco via. 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