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Banking in Spain

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Old Oct 13th 2011 | 5:18 am
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Default Banking in Spain

We are moving to Spain next month. My Husband is continuing to work remotely for the same UK company that he does at present and so its not as if we need to open a Spanish bank account for work purposes. However, we currently bank with HSBC and therefore each time we make a card payment or withdraw cash we will be charged and so can anyone give me an idea of any Spanish banks that we could join but that we can also easily transfer money from our business account at HSBC to online without it taking several days?
Thanks!
 
Old Oct 13th 2011 | 5:30 am
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Default Re: Banking in Spain

Originally Posted by emjharts
We are moving to Spain next month. My Husband is continuing to work remotely for the same UK company that he does at present and so its not as if we need to open a Spanish bank account for work purposes. However, we currently bank with HSBC and therefore each time we make a card payment or withdraw cash we will be charged and so can anyone give me an idea of any Spanish banks that we could join but that we can also easily transfer money from our business account at HSBC to online without it taking several days?
Thanks!
You will need a bank account to pay bills
 
Old Oct 13th 2011 | 5:34 am
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Default Re: Banking in Spain

Do we need a spanish bank account to pay bills from?
 
Old Oct 13th 2011 | 5:35 am
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Default Re: Banking in Spain

Originally Posted by busters mum
You will need a bank account to pay bills
Was about to poat same
 
Old Oct 13th 2011 | 5:35 am
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Default Re: Banking in Spain

Originally Posted by emjharts
Do we need a spanish bank account to pay bills from?
Yes,they all want direct debits
 
Old Oct 13th 2011 | 5:40 am
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Default Re: Banking in Spain

Do you have to be a resident to set up a spanish bank account as obviously we cannot become residents before moving into a place and starting to pay bills?
 
Old Oct 13th 2011 | 5:42 am
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Default Re: Banking in Spain

Originally Posted by emjharts
Do you have to be a resident to set up a spanish bank account as obviously we cannot become residents before moving into a place and starting to pay bills?
No, just go to te bank with passport and rental agreement, do you have a N.I.E. number if so take that as well
 
Old Oct 13th 2011 | 5:42 am
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Default Re: Banking in Spain

Originally Posted by emjharts
Do you have to be a resident to set up a spanish bank account as obviously we cannot become residents before moving into a place and starting to pay bills?
Yes you can open a non residents account and then change it to a residents account when living here.

Graham
 
Old Oct 13th 2011 | 6:35 am
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Default Re: Banking in Spain

Loads of people pay their bills at a bank with cash, so an account is not really required unless you want one.
I opened a Spanish bank account (at the bank that would be local to where I was moving) from the UK with a passport and with no address in Spain.
Ask in your UK bank which ones they deal with.
 
Old Oct 13th 2011 | 6:16 pm
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Default Re: Banking in Spain

Originally Posted by jdr
Loads of people pay their bills at a bank with cash, so an account is not really required unless you want one.
I opened a Spanish bank account (at the bank that would be local to where I was moving) from the UK with a passport and with no address in Spain.
Ask in your UK bank which ones they deal with.
Some banks around here will NOT take cash payments for bills unless you have an account with them!
 
Old Oct 13th 2011 | 11:31 pm
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Default Re: Banking in Spain

Originally Posted by snikpoh
Some banks around here will NOT take cash payments for bills unless you have an account with them!
Can't see how they can refuse, look on the bills and it will give a list of banks where they can be paid, no mention of taking it to your own bank.
 
Old Oct 13th 2011 | 11:52 pm
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Default Re: Banking in Spain

I was refused just recently trying to pay in a bank on the list as I did not have an account (La Caixa)
 
Old Oct 13th 2011 | 11:56 pm
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Default Re: Banking in Spain

I will go to my bank HSBC next week and ask them what their Spanish partner banks are as we will need a bank where we can easily transfer money from our HSBC business account.
 
Old Oct 13th 2011 | 11:59 pm
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Default Re: Banking in Spain

Banking in Spain trouble ahead after after the Fitch agency downgraded its sovereign credit rating for Italy and Spain on Friday and said its long-term outlook for both countries was negative, citing high debt and poor prospects for growth.
 
Old Oct 14th 2011 | 12:55 am
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Default Re: Banking in Spain

Originally Posted by peterleewaih
Banking in Spain trouble ahead after after the Fitch agency downgraded its sovereign credit rating for Italy and Spain on Friday and said its long-term outlook for both countries was negative, citing high debt and poor prospects for growth.
Except as said in another thread, Santander and BBVA are rated as safer than any of the British banks by the same ratings agencies
 


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