Resident Bank Account
Nov 1st 2010, 6:09 pm
#1
Forum Regular
Thread Starter
Joined: Nov 2007
Location: London/La Zenia
Posts: 38
Resident Bank Account
Do all banks in Spain charge a quarter/yearly maintenace fee for a resident's bank account. We are currently with Lloyds/Halifax as non-residents but will need to change over in January. At the moment we are currently required to keep a 600 euros balance & fees of 3€ each per year for our cards. We also get the free transfers from our UK branch which we will need to continue. As far as we can make out a residents account incurs a yearly charge of 25 euros, is this correct? If so what do you get for that charge?
Many thanks.
Many thanks.
Nov 2nd 2010, 6:27 am
#3
Retired and loving it!
Joined: Sep 2007
Location: Ontinyent - Valencia region (campo)
Posts: 5,158
Re: Resident Bank Account
Do all banks in Spain charge a quarter/yearly maintenace fee for a resident's bank account. We are currently with Lloyds/Halifax as non-residents but will need to change over in January. At the moment we are currently required to keep a 600 euros balance & fees of 3€ each per year for our cards. We also get the free transfers from our UK branch which we will need to continue. As far as we can make out a residents account incurs a yearly charge of 25 euros, is this correct? If so what do you get for that charge?
Many thanks.
Many thanks.
Nov 2nd 2010, 10:56 am
#4
BE Enthusiast
Joined: Jan 2008
Location: Alhaurin el Grande
Posts: 582
Re: Resident Bank Account
Solbank has no charges if you pay in approx €750 per month & have 3 DD's set up + there is a reabte of about 1% on your DD's. Not a lot I know but it's better in your pocket
Nov 3rd 2010, 8:04 am
#5
Forum Regular
Thread Starter
Joined: Nov 2007
Location: London/La Zenia
Posts: 38
Re: Resident Bank Account
Thank you. 
Nov 3rd 2010, 9:18 am
#7
Started off with nothing
Joined: Feb 2009
Posts: 4,944
Re: Resident Bank Account
No charges with Barclays.es, no strings and 1% cash back on DD
Nov 4th 2010, 10:53 am
#8
No es moco de pavo
Joined: Dec 2006
Location: Almería, Spain
Posts: 285
Re: Resident Bank Account
I second that recommendation about Solbank. To be honest... even though some of our charges have a been a tad on the high side, they've refunded us when we've moaned. To be honest... we'd still be with them even WITH those charges, simply because we love the guys down at our branch - they couldn't be more helpful... and speak fluent English which has been a weight of our minds when it comes to financial matters.
Elle xx
Elle xx
