Bank account in Pounds in Spain
#16
BE Enthusiast
Joined: Apr 2017
Posts: 878
Re: Bank account in Pounds in Spain
Santander will charge you higher fees than a British bank in Gib. I had a Sterling account there for many years after I received a cheque in Sterling whilst living in Spain.Unfortunately,just before the referendum it was abruptly closed as I was not a UK resident.
#17
Re: Bank account in Pounds in Spain
Therefore IMO it is likely that the bank you banked with decided that it was too onerous to comply with Spanish/ EU reporting requirements, or UK reporting requirements if they, perhaps incorrectly, linked you to the UK.
Accounts being closed because of onerous reporting requirements, was common around the time your account was closed as a result of a major shake-up in tax reporting in many off-shore banking centers, including, but not confined to the Channel Islands, the Isle of Man, Switzerland, and the Cayman Islands.
#19
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Joined: Jan 2017
Location: Dubai
Posts: 851