Bank Accounts
#1
Forum Regular
Thread Starter
Joined: Aug 2005
Location: Scunthorpe until next year
Posts: 65
Bank Accounts
Once again oh kind and knowledgable expats, I need to draw on your wealth of experience.
Am I right in assuming the following:
To open a bank account, amongst other items, I need an NIE number and an address. (neither of which I have)
To get an NIE number I also need an address.
My wife, daughter and I shall be coming across next year (I know its a long way off but I'm trying to do some of the leg work early), and until we find jobs, will be living off savings we have, and renting an apartment.
I understand that many of the household expenses such as electricity, gas, water etc are paid for by direct debit, for which I need a bank account.
Since I will not really be able to secure a rental until I am within a month or so of coming over, how do I open a bank account in advance so that when we do land, we have access to money etc to pay bills?
many thanks (again) for any advice given
Am I right in assuming the following:
To open a bank account, amongst other items, I need an NIE number and an address. (neither of which I have)
To get an NIE number I also need an address.
My wife, daughter and I shall be coming across next year (I know its a long way off but I'm trying to do some of the leg work early), and until we find jobs, will be living off savings we have, and renting an apartment.
I understand that many of the household expenses such as electricity, gas, water etc are paid for by direct debit, for which I need a bank account.
Since I will not really be able to secure a rental until I am within a month or so of coming over, how do I open a bank account in advance so that when we do land, we have access to money etc to pay bills?
many thanks (again) for any advice given
#2
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Joined: Jan 2006
Posts: 394
Re: Bank Accounts
Originally Posted by rickstevens
Once again oh kind and knowledgable expats, I need to draw on your wealth of experience.
Am I right in assuming the following:
To open a bank account, amongst other items, I need an NIE number and an address. (neither of which I have)
To get an NIE number I also need an address.
My wife, daughter and I shall be coming across next year (I know its a long way off but I'm trying to do some of the leg work early), and until we find jobs, will be living off savings we have, and renting an apartment.
I understand that many of the household expenses such as electricity, gas, water etc are paid for by direct debit, for which I need a bank account.
Since I will not really be able to secure a rental until I am within a month or so of coming over, how do I open a bank account in advance so that when we do land, we have access to money etc to pay bills?
many thanks (again) for any advice given
Am I right in assuming the following:
To open a bank account, amongst other items, I need an NIE number and an address. (neither of which I have)
To get an NIE number I also need an address.
My wife, daughter and I shall be coming across next year (I know its a long way off but I'm trying to do some of the leg work early), and until we find jobs, will be living off savings we have, and renting an apartment.
I understand that many of the household expenses such as electricity, gas, water etc are paid for by direct debit, for which I need a bank account.
Since I will not really be able to secure a rental until I am within a month or so of coming over, how do I open a bank account in advance so that when we do land, we have access to money etc to pay bills?
many thanks (again) for any advice given
#3
Re: Bank Accounts
If you are renting the electric and water is usually charged to the owner of the property so will be incuded or added onto the rental when due.
I opened a Spanish bank account in England at Bancopopular through advice at Lloyds, but watch out cos the account opens straight away not when you move over, they take out your non resident fee and you are in the red straight away, silly me assumed the account only opened when I arrived and put cash in it mañana in reverse.
I opened a Spanish bank account in England at Bancopopular through advice at Lloyds, but watch out cos the account opens straight away not when you move over, they take out your non resident fee and you are in the red straight away, silly me assumed the account only opened when I arrived and put cash in it mañana in reverse.
#4
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Joined: Aug 2005
Location: Scunthorpe until next year
Posts: 65
Re: Bank Accounts
Originally Posted by jdr
If you are renting the electric and water is usually charged to the owner of the property so will be incuded or added onto the rental when due.
I opened a Spanish bank account in England at Bancopopular through advice at Lloyds, but watch out cos the account opens straight away not when you move over, they take out your non resident fee and you are in the red straight away, silly me assumed the account only opened when I arrived and put cash in it mañana in reverse.
I opened a Spanish bank account in England at Bancopopular through advice at Lloyds, but watch out cos the account opens straight away not when you move over, they take out your non resident fee and you are in the red straight away, silly me assumed the account only opened when I arrived and put cash in it mañana in reverse.
Thanks for that, just checked out Bancopopular and they want 300 euros to activate the account, has that changed since you opened your account? Also how much is the non resident fee?
#5
Re: Bank Accounts
Originally Posted by rickstevens
Thanks for that, just checked out Bancopopular and they want 300 euros to activate the account, has that changed since you opened your account? Also how much is the non resident fee?
#6
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Joined: Aug 2005
Location: Scunthorpe until next year
Posts: 65
Re: Bank Accounts
Originally Posted by jdr
Yes it must of changed cos they opened it with zero. If you bank with Lloyds ask them they might do a special deal with Bancopopular. I think the charge is about 8 € per annum, or double if its joint account.
#7
Re: Bank Accounts
We use La Caixa and used our passport to open an account. we have found them excellent, and if you so wish you can also open a sterling account with them as well.
pwwm
pwwm
#8
Re: Bank Accounts
We opened with SOL Bank. They guarantee to have english speaking staff, have an excellent web site for on line banking, and as said above you can open with a passport and UK address.
They also don't charge for paying money into your account, which some do.
They also don't charge for paying money into your account, which some do.
#9
Mortgage Wizard
Joined: Jan 2005
Location: Staffs UK/Daya Vieja
Posts: 115
Re: Bank Accounts
We have set our Account up with CAM bank. Loads of branches, good website in english, english speaking helpline, don't charge for receiving funds, only charge 17 euros per two years non-residents charge and 30 euros maintenance charge for the account.
We went into every bank and wrote down all the details of each and compared them. We wanted SOL bank because of the website, amount of different cards, their sterling savings account 4% (which is quite good for Spain) but the nearest branch to our place was not near enough. We will open an account there when we move there and put our sterling funds that we require immediate access to for the good rate.
We went into every bank and wrote down all the details of each and compared them. We wanted SOL bank because of the website, amount of different cards, their sterling savings account 4% (which is quite good for Spain) but the nearest branch to our place was not near enough. We will open an account there when we move there and put our sterling funds that we require immediate access to for the good rate.
#10
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Joined: Jan 2006
Posts: 394
Re: Bank Accounts
Originally Posted by pwwm
We use La Caixa and used our passport to open an account. we have found them excellent, and if you so wish you can also open a sterling account with them as well.
pwwm
pwwm
CAM charged me precisely, erm, €0 to open a non-res account, but all banks will charge you for the standing orders and direct debits. Again, I opened the account walking into one of their offices.
Of course, if you prefer to queue for hours for simple banking transactions, avoid all the banks with good online services
#11
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Joined: Aug 2005
Location: Scunthorpe until next year
Posts: 65
Re: Bank Accounts
Originally Posted by Unexpat
Yes, La Caixa also comes recommended to me by the Spanish half of my family as well, although you have to go visit one of their offices to open an account if you're non-resident (as I understand it). Otherwise, you can do it through their web site which (like the CAM's) is rather good in terms of what you can do online.
CAM charged me precisely, erm, €0 to open a non-res account, but all banks will charge you for the standing orders and direct debits. Again, I opened the account walking into one of their offices.
Of course, if you prefer to queue for hours for simple banking transactions, avoid all the banks with good online services
CAM charged me precisely, erm, €0 to open a non-res account, but all banks will charge you for the standing orders and direct debits. Again, I opened the account walking into one of their offices.
Of course, if you prefer to queue for hours for simple banking transactions, avoid all the banks with good online services
Wow thanks for all the recommedations, can I safely assume that once we're moved across its a simple case of going into the bank and changing your address with them?
#12
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Joined: Sep 2002
Location: UK & Spain (Cádiz Province)
Posts: 454
Re: Bank Accounts
Originally Posted by rickstevens
Wow thanks for all the recommedations, can I safely assume that once we're moved across its a simple case of going into the bank and changing your address with them?
HALIFAX (Royal Bank of Scotland) in UK opened HALIFAX SPAIN a few years back and already have a number of branches in southern Spain including Seville and the CDS and of course Madrid. They have some details of opening an account on www.halifax.es
BBVA which is a major banking group has introduced an English language service on the Internet since about one year ago so things are getting more and more 'user friendly'. They are probably 2 nd largest bank.
#13
Forum Regular
Joined: Jan 2006
Location: El Puerto de Santa Maria
Posts: 46
Re: Bank Accounts
Good morning everyone
Can anyone tell me the situation with withdrawing money from Spanish banks, can you only withdraw your funds from the actual bank, or do they have a system like in England where you can use any other bank's cashpoint with your card. We are moving out to Spain in April and as an existing customer of the Halifax I could probably use them in Spain, I don't think they have any branches in the Cadiz area though?
Amara x
Can anyone tell me the situation with withdrawing money from Spanish banks, can you only withdraw your funds from the actual bank, or do they have a system like in England where you can use any other bank's cashpoint with your card. We are moving out to Spain in April and as an existing customer of the Halifax I could probably use them in Spain, I don't think they have any branches in the Cadiz area though?
Amara x
#14
Re: Bank Accounts
Hi Amara
Yes you can have an atm card but there is a yearly charge for them, also you need to be carefull which ATM you use and the charge for using varies considerably. We can use the Servired (I think that is correct spelling) with no charge but, your bank can tell you which is the best to use. We also still hold Nationwide account in the UK if you have one of their cards they do not charge you for using abroad as I believe others do.
Re a previous post, the queue's here in the banks are horrendous. but at least we have found living here our friendly bank will also sort out non bank related problems, not sure if they will all do that, so go online and bank that way.
Very easy to open an account at a bank of your choice, take your passport, as easy as that once you get past the queue.
pwwm
Yes you can have an atm card but there is a yearly charge for them, also you need to be carefull which ATM you use and the charge for using varies considerably. We can use the Servired (I think that is correct spelling) with no charge but, your bank can tell you which is the best to use. We also still hold Nationwide account in the UK if you have one of their cards they do not charge you for using abroad as I believe others do.
Re a previous post, the queue's here in the banks are horrendous. but at least we have found living here our friendly bank will also sort out non bank related problems, not sure if they will all do that, so go online and bank that way.
Very easy to open an account at a bank of your choice, take your passport, as easy as that once you get past the queue.
pwwm
#15
Forum Regular
Joined: Jan 2006
Location: El Puerto de Santa Maria
Posts: 46
Re: Bank Accounts
Hi pwwm - thanks for your reply - do you have separate cards over there? or is it like here ? ie one card does all - cashpoint/debit and cheque card? thanks again Amara