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Forum: Spain
Oct 3rd 2017, 9:12 am
Replies: 37
Views: 6,056
Posted By stevesainty

Re: Banking/ UK via Spain

We are residents and bank with Sabadell, We enjoy free banking with no transfer fees or annual bank nor credit card fees. The only stipulation is that we pay in a minimum of 700 euros per month.
Forum: Spain
Oct 2nd 2017, 10:08 am
Replies: 37
Views: 6,056
Posted By stevesainty

Re: Banking/ UK via Spain

I agree but it is very easy to check which company gives you more money at the time of your transfer. It would appear that transferwise is better value up to about 9,000 and anything larger...
Forum: Spain
Oct 2nd 2017, 9:57 am
Replies: 37
Views: 6,056
Posted By stevesainty

Re: Banking/ UK via Spain

So you would end up with 1,127.40 in your bank account whilst with transferwise you would end up with 1,128.25. I know it is not a great difference but why would you choose an fx company that gives...
Forum: Spain
Oct 2nd 2017, 9:08 am
Replies: 37
Views: 6,056
Posted By stevesainty

Re: Banking/ UK via Spain

If an FX company charges no fees then they must generate their income by compromising on the exchange rate offered. There are two major peer to peer exchange companies, transferwise and currency...
Forum: Spain
Sep 24th 2017, 8:59 pm
Replies: 37
Views: 6,056
Posted By stevesainty

Re: Banking/ UK via Spain

There is no reason why you should not keep your UK bank accounts, especially as you will be unable to open up any new ones once you live permanently in Spain. You will need to open up a Spanish bank...
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