Changing banks
 

We recently bought an apartment near Torrevieja and was set up by our estate agent and solicitor with an account with Sabadell. The branch we were set up is at La Zenia, quite a way from our place. We think we ought to change branches to one closer, at Los Montisinos. Please can anyone advise me as to whether this is an easy process. We are also considering even changing Banks as some of the charges for running our account are quite high. Likewise, is it an easy process to change banks. Thanks for any thoughts or advice.

Re: Changing banks
 

Re: Changing banks
 

Thank you very much. Did your new bank also arrange for the transferring of your funds.

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No, because I didn't ask them to. I just ran down the old account before I closed it, but I am sure they would have done.

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If you are with Sabadell Branch change is a simple exercise, but look at their "Expansion" account to see if it fits your needs, no charges at all.

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Although I no longer live in Torrevieja I still have my Sabadell branch there (Paseo Vistalegre) can I suggest you go into that branch and ask to speak to Belinda (manager) or Rosa on one of the desks - they are both very helpful, speak good English and can help resolve your issues. I have banked with them (Solbank originally) for 18 years.

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Thank you all very much. I am over next week and will sort things out then. Many thanks again.

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I want to change from Los Montesinos to a more local one and I would have close my account and open another one. They cannot simply transfer it.
This is not a simple exercise! Due to other fee problems I am opening an account with a different bank.

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I think that is what I might have to do. Thank you for your info

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Changing branch for banks in Spain does seem to be something they don't like to do. I looked into this as our branch is not the most convenient but was set up years ago by our solicitor when we bought. The bank said they don't change branches routinely because you can use any branch for the majority of things. However certain things do have to be done at your registered branch. The example they gave of when it would be necessary to change your branch would be say if you moved house from Granada to Malaga or similar or if they actually close your branch. It is workable for us but not the most convenient.

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Thank you. Apart from trying to change branches, I am also looking into bank charges. Sabadell are charging us 30 euros a quarter to run the account. Is this a common amount, or do other banks charge less. As well as Sabadell having a branch in Los Montisinos, Caja Rural are also there.

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Our account is with Cajamar I think we pay 15 euros a quarter.

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Wow...a big difference

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Are you resident in Spain? .... or non resident?
If you are resident there are a number of banks offering fee free banking.
Sabadell offer the "expansion" account, fee free banking if you pay in your salary/income (min €3,500 per month) or deposit over €75,000 in their savings products ( https://www.bancsabadell.com/cs/Sate...0006714279/en/ )
Santander have a 123 account in Spain, fees are €3 per month and it pays 3% interest. However, there are a number of hoops you must jump through and if your unable to comply with their T&Cs you lose the 3% interest and pay a maintenance fee of €8 per month....see https://online.bancosantander.es/landings/cuenta-123/?idm=5u-2z1ved&gclid=CjwKCAjw9-HZBRAwEiwAGw0QcZLsEt_ISK6FdN11aUCTz7DZ3Ae7DaJdgkmH 9d5o53NruOKy2_prdhoCG-MQAvD_BwE&dclid=CPigoIPx_tsCFQSMUQodxOIDFQ

If you are non resident and find a truly fee free bank, that is easy to operate online, please let us know.

******EDIT Sabadell expansion account without premium https://www.bancsabadell.com/cs/Sate...1346505022/en/ ......only €700 per month. (sorry) *******

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Wow Sabadell have changed those T & Cs for the Expansion since I got ours, no way I qualify now, but I still have the account.