Non Resident Bank Accounts help!!?
Nov 10th 2015, 1:27 pm
#31
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Re: Non Resident Bank Accounts help!!?
Oh wow. The world's first philanthropic bank. No doubt it's the volume of "free" accounts that pays for it all.
I got a "free" iPhone for simply signing a 2-year contract with a mobile provider. Yes, well, the contract is a bit pricey, but I did get that iPhone for "free"...
To be fair, I haven't tried bbva, simply because I don't believe anything is "free". And you're not the only one making that claim. But I've had my fair share of "free" stuff in this life, and I don't remember any of it being "free". Yet, if it is "free", I can't help but wonder who pays for it... Might it be me if I were to sign up?
I got a "free" iPhone for simply signing a 2-year contract with a mobile provider. Yes, well, the contract is a bit pricey, but I did get that iPhone for "free"...
To be fair, I haven't tried bbva, simply because I don't believe anything is "free". And you're not the only one making that claim. But I've had my fair share of "free" stuff in this life, and I don't remember any of it being "free". Yet, if it is "free", I can't help but wonder who pays for it... Might it be me if I were to sign up?
- Eric S.
Nov 10th 2015, 1:29 pm
#32
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Re: Non Resident Bank Accounts help!!?
- Eric S.
Nov 10th 2015, 1:53 pm
#33
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Re: Non Resident Bank Accounts help!!?
There is no free lunch. The business model and the charging structure is different to suit the regulations and costs in Spain. For example, banks in US can (and do) foreclose on their customers far quicker than in Spain.
Nov 10th 2015, 2:47 pm
#34
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Joined: Oct 2013
Posts: 31
Re: Non Resident Bank Accounts help!!?
I read you should always chose the charge in Euros option.
Nov 10th 2015, 3:06 pm
#35
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Joined: Oct 2014
Posts: 8
Re: Non Resident Bank Accounts help!!?
Thank you everyone for your replies and tips for opening a non resident account. It seems pretty straightforward & we will start the process when we pop out in December. We will shop around, like you would anyway & we have checked the main banks you mention on line 're locations etc.
Cheers
)
Cheers
)
Nov 11th 2015, 6:33 am
#36
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Location: Mallorca
Posts: 19,367
Re: Non Resident Bank Accounts help!!?
So if you keep €25 in the account, they make 2-3 cents per quarter? Good plan.
Nov 11th 2015, 8:21 am
#37
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Re: Non Resident Bank Accounts help!!?
When in Spain choose euros for transactions.
Nov 11th 2015, 1:42 pm
#38
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Re: Non Resident Bank Accounts help!!?
But look, I'm just trying to tell you that the online account that we have with BBVA does not have any fees. We've had it for a year and a half and have yet to pay any fees on it. It seems like you just don't want to believe me. Well okay, I can't do anything about that.
- Eric S.
Nov 11th 2015, 2:23 pm
#39
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Re: Non Resident Bank Accounts help!!?
Well, I guess if enough people keep €25 in their accounts, then they have a pretty good chunk of money to play with.
But look, I'm just trying to tell you that the online account that we have with BBVA does not have any fees. We've had it for a year and a half and have yet to pay any fees on it. It seems like you just don't want to believe me. Well okay, I can't do anything about that.
- Eric S.
But look, I'm just trying to tell you that the online account that we have with BBVA does not have any fees. We've had it for a year and a half and have yet to pay any fees on it. It seems like you just don't want to believe me. Well okay, I can't do anything about that.
- Eric S.
But I'm probably just a cynical old codger. One of my favourite sayings is "free? That sounds expensive!". And in today's world, there's no shortage of reasons to be cynical about that.
Nov 11th 2015, 4:26 pm
#40
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Re: Non Resident Bank Accounts help!!?
if you go to Trafalger Sq London there is a branch of sabodell Bank and they will be able to open an account for you so you just turn up in spain and collect your debit card once you have purchased your house. Now organising POA so the solicitor can act on your behalf is a different ball game altogether........
Nov 11th 2015, 4:34 pm
#41
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Joined: Feb 2009
Posts: 4,946
Re: Non Resident Bank Accounts help!!?
Be VERY careful who you give POA to :-(
