- This topic has 18 replies, 9 voices, and was last updated 11 years, 10 months ago by
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Hello all, I would be grateful if anyone can help, I have a few questions.
1- which bank is considered the best to bank in Spain.
2- which bank has the lesser charges in ATM withdrawals.
3- which bank has better international transfer rates
4- which bank charges less for any regular chequing accountI have heard that Barclays in one of the best, is it ? or ?
Also I need the name of a good gestor and lawyer in the Granada, Alpujarras area, one that is honest, effective and well priced 😀 .
thank you all for your help
J
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Perhaps the way to look at it is ‘Which isn’t the worst bank in Spain?’ ‘Best’ and ‘banks’ don’t belong in the same sentence.
1. Santander, BBVA and La Caixa are probably the safest. I have a very low opinion of all banks in Spain, especially the cajas. They all over-charge. I don’t know that any have a good reputation.
2. In the Servired network (the biggest ATM network) withdrawls are free.
3. Probably Barclays. I’m going to do some research on this.
4. Can’t say. I’ve recently opened an online account with La Caixa called Cero (Zero) which is free so long as you keep to online banking and have a salary paid into it.When it comes to banks in Spain, you have to be prepared to keep changing.
Sorry, can’t help you with a gestor in the Alpujarras.
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@mark wrote:
Perhaps the way to look at it is ‘Which isn’t the worst bank in Spain?’ ‘Best’ and ‘banks’ don’t belong in the same sentence.
1. Santander, BBVA and La Caixa are probably the safest. I have a very low opinion of all banks in Spain, especially the cajas. They all over-charge. I don’t know that any have a good reputation.
.Weren’t all three downgraded last week 😕
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I have used Barclays Cuenta Opportunidad and have had the benefit of a currentaccount with no charges. In fact they actually pay you a rebate of 3% on your utility bills. Sadly I received recently notification that from this quarter a charge of 14 euros a quarterplus a small charge on electronic transaction s but not on cash paid in or withdrawn at branches will apply unless 900 euros a month are paid in regularly but the rebate remains. I think they are worth considering and I have found them honest and helpful. The online service is fine and they have English option and send you emails when a new item shows up on your account. I have heard well of Solbank -which is part of Banco Sabadell.
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there are many ING offices in Spain, does anyone have an account with them that can tell us all about it 😀
http://www.ingdirect.es/contactar/buscar-oficinas-ing/buscadorOficinas.html
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I use UNO-e (bbva internet bank) and have cut my business charges down from about 1k a year to nothing. As of yet no charges for debit cards, no charges to receive funds from rest of EU, to send to rest of EU and no charges if someone from non EU country send money and applies all charges at their end.
It’s all in Spanish.
Ian
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I use UNO-e (bbva internet bank) and have cut my business charges down from about 1k a year to nothing. As of yet no charges for debit cards, no charges to receive funds from rest of EU, to send to rest of EU and no charges if someone from non EU country send money and applies all charges at their end.
It’s all in Spanish.
Ian
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Interesting Ian -but is this a business account that they are giving special exception for and might not apply to a personal account that pays your personal and domestic bills. There does not sem to be a Paypoint type facility for the payment of domestic bills as in UK. So many people do only need to pay bills and don’t need a Spanish Bank account. I continue to use Barclays despite all the recent bad press. The branch I use have very good staff and are very helpful. They once notified me that they were introducing a charge but they only do charge me minimal amount for Direct Debits and cash withdrawn at ATM’s but still free at a branch over the counter. But I do keep some balance with them and I think they are intelligent at Barclays.But I can only say for the Branch I use in Canaries.
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Interesting Ian -but is this a business account that they are giving special exception for and might not apply to a personal account that pays your personal and domestic bills. There does not sem to be a Paypoint type facility for the payment of domestic bills as in UK. So many people do only need to pay bills and don’t need a Spanish Bank account. I continue to use Barclays despite all the recent bad press. The branch I use have very good staff and are very helpful. They once notified me that they were introducing a charge but they only do charge me minimal amount for Direct Debits and cash withdrawn at ATM’s but still free at a branch over the counter. But I do keep some balance with them and I think they are intelligent at Barclays.But I can only say for the Branch I use in Canaries.
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I received a booklet though the post from Barclays that indicates their intention to charge 18 Euros per quarter and 0.60 per transaction other than cash withdrawn from the branch over the counter ! It seems the branches have discretion over their actual charges but I have sent to my branch a message warning them to take care -I am paying far too much for the privilige of a DD to enable electricity to be paid for and for Ayuntamiento to collect IBI when I am not there. What else could one want an account for ?
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I use Paypal to pay for small things on ebay. I recently enquired if they operated in Spain and received a very positive reply that they can make payments to any recipients in local currency provided they have an email address. I will enquire further with them as I am looking into this matter of paying some essential bills for which I currently use a Spanish bank account and can otherwise make do without. The essence maybe is whether the Spanish recipients will co-operate receiving payments this way.
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I use BBVA and have free banking on condition that you have 2 direct debits and a regular income of over 600 Euros a month coming in. I think that Santander MAY have a similar sort of offering.
You could also look at the advantages of being a shareholder in BBVA or Santander because they get charges waived (if over a certain number of shares owned). E.g. So long as you have at least 500 BBVA shares deposited with BBVA then the benefit is ..
1. Exemptions from fees on the current account associated with the share contract
2. No fees for national bank transfers in euros to EU Member States (up to 50,000 euros).
3. No fees for Ahora, Después and Ábaco cards paid through the account associated with the share contract.
4. No fees for paying in euro-denominated checks from national accounts and for issuing banker’s checks.
Santander also do something similar to the above and is open to domestic or commercial accounts. There is a higher number of shares required to qualify if the account is commercial.
Regards,
Mike
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