softlad

I'm sure this one gets asked all the time but what is the cheapest bank account in Spain? I have an NIE but not a residencia (not sure if that is relevant). Not based in Spain but I visit 10/12 time a year. I have a small mortgage with Sabadell but they charge 30 euros a quarter. Must be something cheaper out there, surely? I never have more than 500 euros in the account. Thanks in advance.

EsuriJohn

We have a mortgage with Sabadell and have suggested closing our account however they say that it is not possible. We must make a standing order to pay the monthly amount from there.

Lagoo

You could get a Halifax credit card and use that for purchases and cash withdrawals. https://www.moneysavingexpert.com/cr...cards/#halifax

el collado kid

Hi we opened our sabadell account three years before we moved here with just a passport,it was a non resident account.This became very useful when we moved permanently here ,Can't remember the running costs we still have the same account and are very happy with it.

bolton wanderer

Try https://n26.com/en-eu/bank-account
They provide a spanish IBAN so you can pay all your Spanish direct debits.....all fee free. (you need a Spanish address to receive the debit card)

snikpoh

Any online account is FREE - look at OpenBank (Santander) or the online account with BBVA

Moses2013

But what is the fee for non residents?

snikpoh

No fee - that's why it's FREE.

The only payment you have to make is the once every two year non-resident tax certificate. The bank can do this and charge you or you can get it yourself.

Moses2013

OK but big problem will be mortgage.

EsuriJohn

Thats interesting the biannual fee from SABADELL WAS OVER €40 last time. I know you should be able to DIY however I have never seen an explanation of how to do that. The actual certificate cost less than €7 so worth doing if the more than 1 or 2 people. Just can’t find the idiots guide. Any tips snikpoh?

jonboy

@moses2013 = What, free banking and you want a mortgage?!

Moses2013

The point was that if the OP has a mortgage with Sabadell, he needs a bank account with them. He would have to switch the mortgage to avoid paying fees.

bolton wanderer

Ah, I didn't realise that you had to keep your current account if you had a mortgage. I suppose the O/P could ask Sabadell if they could change his account to the "basic" account at €36 per year, instead of the current €140 per year.......see https://www.bancsabadell.com/cs/Sate...0034843962/en/