Spanish Banks: have your say.

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This topic contains 8 replies, has 6 voices, and was last updated by Profile photo of katy katy 9 years, 1 month ago.

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  • #53200
    Profile photo of Anonymous
    Anonymous
    Participant

    I have already posted my experiences and my friends with the Spanish banks under ” Pain in Spain ” Lets what other forum users have to add.

  • #75438
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi to you all

    So much has been written about Spanish banks and banking,much of which is about poor service and sky high charges.

    I have noticed that ING the dutch bank now operate in Spain. on the web only(http://www.ingdirect,es),unfortunatly the site is in Spanish only but with my lmited understanding I can make out a bank account paying 4% interest and a mortgage product at 0.33 over eurobar both without commisions.

    Is this correct, to good to be true!

  • #75440
    Profile photo of mike
    mike
    Participant

    @Stevev6 wrote:

    Hi to you all

    So much has been written about Spanish banks and banking,much of which is about poor service and sky high charges.

    I have noticed that ING the dutch bank now operate in Spain. on the web only(http://www.ingdirect,es),unfortunatly the site is in Spanish only but with my lmited understanding I can make out a bank account paying 4% interest and a mortgage product at 0.33 over eurobar both without commisions.

    Is this correct, to good to be true!

    I’d take that if I could get it. It’s 5.11% in all, fixed for 3 years. But why is it so cheap? Do the people providing the money expect euribor rates to go down? Or are they simply providing an efficient service to their customers?

  • #75441
    Profile photo of Anonymous
    Anonymous
    Participant

    Mike

    Think we can assume its not number 2 thats for sure

    Frank 8)

  • #75442
    Profile photo of mike
    mike
    Participant

    @Just Frank wrote:

    Mike

    Think we can assume its not number 2 thats for sure

    Frank 8)

    It’s sad to be so cynical, Frank. But wise.

  • #75451
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Mike & Frank

    Have no reason to doubt that INGs mortgage is not as advertisted,just apply, same as the uk, but no fancy web sites or agents, probably just a credit score and valuation on property needed.

  • #75457
    Profile photo of Anonymous
    Anonymous
    Participant

    No doubt you all will read your conditions of doing business with ING,bank, before you proceed.

    I recall last year they were offering head line rates of interest on deposit accounts. When I probed it was reluctantly revealed to me that the interest rates offered were for three months only.

  • #75818
    Profile photo of Anonymous
    Anonymous
    Participant

    All of the banks here have fantastic mortgage rates in their windows, but they are always deals for residents or Spanish Nationals. Non-residents are effectively discriminated against
    I don’t know about ING though. There are so few branches though, that it would be amazing if they were doing such low margin business

    cheers

    Chris

  • #75831
    Profile photo of katy
    katy
    Spectator

    @shakeel wrote:

    No doubt you all will read your conditions of doing business with ING,bank, before you proceed.

    I recall last year they were offering head line rates of interest on deposit accounts. When I probed it was reluctantly revealed to me that the interest rates offered were for three months only.

    Thats right I almost fell for it. 🙂

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