Spanish Banks: have your say.

This topic contains 8 replies, has 6 voices, and was last updated by  katy 10 years, 1 month ago.

  • Author
    Posts
  • #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
    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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