I know that most expats with holiday homes operate a Spanish bank account for related payments.
BUT if there is no mortgage or other borrowing involved, is a Spanish bank account really necessary? – or to put it another way, for a villa in Rojales, Costa Blanca which regular and one off expenses CANNOT be paid from an account in another SEPA country? (UK in my case)
My Caixa account only costs 48 euros a year. Unfortunately no simple bill paying services in Canaries. I think BBVA do a free online account saw it recently b how long will it last. If you are resident and have pension or salary paid in think there are Nomina accounts if yo keep minimum of cash I account
The reason for having a Spanish bank account has, as far as I know, mainly been based on the need to have direct debit (automatic billing) tied to the account. Since SEPA was introduced this is not necessary. I have had an apartment in Spain for more than 8 years and started with a Spanish bank account which cost me close to €100 per year (account fee and fee to check non resident status). I found out about Euro accounts in Swedish banks that also supports Spanich direct debit. I have now used my Swedish account for more than two years. I pay community fees, electricity, local taxes (IBI) and water using direct debit.
Works great for me!
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