mikec44

Good Morning

I ned advise on the Bankers Draft Charges from my spainish bank Bankia.

I am due to ourchase an appartment in two weeks and i am told I will be charged to get a bankers draft from my Bankia account to the sellers account.

Any ideal how much and how to avoid such a charge?

All help and support most welcome?

Mike

snikpoh

The Spanish way is to use cash - even for VERY large amounts (I kid you not).

Otherwise, transfer the money electronically - same as in UK.

megmet

Yes that's right you will be charged for a Bankers Draft, our Lawyer told us to pay that way and we foolishly did.....it cost us over €300.

Pay by cash or cheque.

EsuriJohn

I think you will find it unacceptable to the Notario to pay any other way than the bankers draft. We completed in 2005 and even then I had read about very high costs for the certified cheque from our bank Banco Popular. I went well before the due date to query the cost and I was told it would be E18 yes that is all they charged for a certified cheque for over E70,000. On the day I collected the cheque they also gave me a certificate to verify that the money had been imported legally from a verifiable source to give to the Notario to be incorporated into our Escritua.