Spanish Banks: have your say.

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    • #53200
      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
      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
      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
      Anonymous
      Participant

      Mike

      Think we can assume its not number 2 thats for sure

      Frank 8)

    • #75442
      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
      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
      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
      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
      katy
      Blocked

      @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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