Thinking of going fully to Wise
Feb 12th 2024, 9:07 am
#47
Forum Regular
Joined: Nov 2013
Posts: 289
Re: Thinking of going fully to Wise
As regular forum posters will know I am a big advocate of using Wise for currency exchange/transfers etc.
As I have had another dispute with Sabadell I am thinking of switching over completely to Wise
I am a full-time resident in Spain and need to pay the usual direct debits and twice a year AEAT - my question is to any full-time residents here
Are you using Wise only for all of your banking needs or are there any exclusions/problems with ditching a 'high street' bank and trying to use Wise for everything?
As I have had another dispute with Sabadell I am thinking of switching over completely to Wise
I am a full-time resident in Spain and need to pay the usual direct debits and twice a year AEAT - my question is to any full-time residents here
Are you using Wise only for all of your banking needs or are there any exclusions/problems with ditching a 'high street' bank and trying to use Wise for everything?
Free banking, Spanish IBAN, links on app to AEAT to pay Spanish tax, communication in English (if you want) and excellent customer services.
Feb 12th 2024, 11:38 am
#48
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Thread Starter
Joined: Aug 2009
Location: Costa Blanca
Posts: 3,146
Re: Thinking of going fully to Wise
Just had a good Google on N26 - I must admit it looks good and importantly easy to open (I tried to open an account with Openbank which was a nightmare - they wanted so many documents uploaded!) Bit of a concern over this:
German neobank N26 is forecasting a 30% increase in revenue in 2023 — alongside a sharp uptick in net losses due to spending on regulatory compliance. Net losses at the Neobank accelerated in 2022, increasing by 24% to €213.4m, from €172m in 2021. In 2021, losses increased 14%, up from €151m in 2020.Nov 29, 2023
But worth considering especially as you get a Spanish IBAN
German neobank N26 is forecasting a 30% increase in revenue in 2023 — alongside a sharp uptick in net losses due to spending on regulatory compliance. Net losses at the Neobank accelerated in 2022, increasing by 24% to €213.4m, from €172m in 2021. In 2021, losses increased 14%, up from €151m in 2020.Nov 29, 2023
But worth considering especially as you get a Spanish IBAN
Feb 12th 2024, 12:20 pm
#49
Forum Regular
Joined: Nov 2013
Posts: 289
Re: Thinking of going fully to Wise
Just had a good Google on N26 - I must admit it looks good and importantly easy to open (I tried to open an account with Openbank which was a nightmare - they wanted so many documents uploaded!) Bit of a concern over this:
German neobank N26 is forecasting a 30% increase in revenue in 2023 — alongside a sharp uptick in net losses due to spending on regulatory compliance. Net losses at the Neobank accelerated in 2022, increasing by 24% to €213.4m, from €172m in 2021. In 2021, losses increased 14%, up from €151m in 2020.Nov 29, 2023
But worth considering especially as you get a Spanish IBAN
German neobank N26 is forecasting a 30% increase in revenue in 2023 — alongside a sharp uptick in net losses due to spending on regulatory compliance. Net losses at the Neobank accelerated in 2022, increasing by 24% to €213.4m, from €172m in 2021. In 2021, losses increased 14%, up from €151m in 2020.Nov 29, 2023
But worth considering especially as you get a Spanish IBAN
Feb 13th 2024, 11:08 am
#50
Retired and loving it!
Joined: Sep 2007
Location: Ontinyent - Valencia region (campo)
Posts: 5,161
Re: Thinking of going fully to Wise
After all, all they need is an NIE for tax purposes - residency is irrelevant
Feb 13th 2024, 8:49 pm
#51
BE Forum Addict
Joined: Jun 2011
Posts: 1,153
Re: Thinking of going fully to Wise
Necesitarás:
Tener el DNI o la tarjeta de residente, vigente y a mano.
Tener el DNI o la tarjeta de residente, vigente y a mano.
Ver más requisitos e información
Ser mayor de edad, residente en España y con capacidad de obrar plena.
Ser mayor de edad, residente en España y con capacidad de obrar plena.
Feb 14th 2024, 7:31 pm
#53
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Joined: Jun 2011
Posts: 1,153
Re: Thinking of going fully to Wise
Maybe the T&CS stay the same for the non-residents account holders they already have, but they don't have to allow new non-residents to open an account if they don't want to.
I guess there's only one way to find out, which is a non-resident trying to open an account, but the text is a pretty strong indication they don't want non-residents to do that.
I guess there's only one way to find out, which is a non-resident trying to open an account, but the text is a pretty strong indication they don't want non-residents to do that.
Feb 15th 2024, 6:55 am
#54
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Thread Starter
Joined: Aug 2009
Location: Costa Blanca
Posts: 3,146
Re: Thinking of going fully to Wise
Thanks, everyone for all the comments - over 2000 hits, I didn't think this thread would be so popular
BTW I just renewed my Wise debit card and it is a Visa 'Infinite' which appears (not tried them yet) to come with all sorts of amazing benefits
BTW I just renewed my Wise debit card and it is a Visa 'Infinite' which appears (not tried them yet) to come with all sorts of amazing benefits
