Sabadell bank started charging me â¬15 last year for my normal monthly transfer to meet their âno chargesâ criteria in the Expansion account. Now itâs gone up to â¬18! They have said that since January 1st they charge for transfers from UK as weâre no longer part of EU. I told them that didnât account for all last yearâs charges. They have not yet replied! Apparently I can pay â¬40 per quarter with no other charges. Or have a regular transfer DD account with no charges, but they donât quantify how the exchange rate works with this. Anyone else found a good solution to this please? I know I can change banks, but worry about the DDs etc in place for payment of electricity, water etc having had bad experiences with that in the past. Any helpful suggestions appreciated. Thanks
Posted: Sat Feb 20, 2021 6:01pm
Hi I had the same crap from sabbadell I've just this last hour or 10 haha opened a transferwise account.They send the money from Belgium I believe to your account in Spain excellent rate no charges I hope with sabbadell.
Cat47 wrote on Sat Feb 20, 2021 10:13am:
Sabadell bank started charging me â¬15 last year for my normal monthly transfer to meet their âno chargesâ criteria in the Expansion account. Now itâs gone up to â¬18! They have said that since January 1st they charge for transfers from UK as weâre no longer part of EU. I told them that...
Read more...
... didnât account for all last yearâs charges. They have not yet replied! Apparently I can pay â¬40 per quarter with no other charges. Or have a regular transfer DD account with no charges, but they donât quantify how the exchange rate works with this. Anyone else found a good solution to this please? I know I can change banks, but worry about the DDs etc in place for payment of electricity, water etc having had bad experiences with that in the past. Any helpful suggestions appreciated. Thanks
I bank with Sabadell but use Transferwise to exchange pounds to Euros into my Sabadell account. I have done 2 transfers in the last few weeks with no charges applied. (And Transferwise rates are the best)
Stevie100 wrote on Sat Feb 20, 2021 6:03pm:
I bank with Sabadell but use Transferwise to exchange pounds to Euros into my Sabadell account. I have done 2 transfers in the last few weeks with no charges applied. (And Transferwise rates are the best)
Well thanks very much folks! Funnily enough I had been thinking along those lines. So thanks very much for endorsing this line of action. Much appreciated. Have a nice evening!
Posted: Sun Feb 21, 2021 7:27am
Super helpful member
I too use transferwise. You can also use them for your direct debit payments
Advertisement - posts continue below
Use the search box at the top of this page & search for Banking & Free Banking.
Lots of info there.
Posted: Mon Feb 22, 2021 9:00am
Helpful member
Cat47 wrote on Sat Feb 20, 2021 10:13am:
Sabadell bank started charging me â¬15 last year for my normal monthly transfer to meet their âno chargesâ criteria in the Expansion account. Now itâs gone up to â¬18! They have said that since January 1st they charge for transfers from UK as weâre no longer part of EU. I told them that...
Read more...
... didnât account for all last yearâs charges. They have not yet replied! Apparently I can pay â¬40 per quarter with no other charges. Or have a regular transfer DD account with no charges, but they donât quantify how the exchange rate works with this. Anyone else found a good solution to this please? I know I can change banks, but worry about the DDs etc in place for payment of electricity, water etc having had bad experiences with that in the past. Any helpful suggestions appreciated. Thanks
Just send your money from transferwise to your Spanish account - we use Sabadell and when we transfer an amount in Euros from UK to Spain we just send via Transferwise. Have been using them for about 2 years. Transfers are cheap, at the current exchange rate and extremely fast - sometimes just takes a few seconds.
Posted: Mon Feb 22, 2021 10:36am
Helpful member
Sunnyspain wrote on Sun Feb 21, 2021 7:27am:
I too use transferwise. You can also use them for your direct debit payments
May I kindly ask how you do this. When I go on the transfer wise web page there appears to be no mention of an actual bank account that deals with your direct debits. Mark.
Posted: Mon Feb 22, 2021 10:42am
Helpful member
FixIt2020 wrote on Mon Feb 22, 2021 10:36am:
May I kindly ask how you do this. When I go on the transfer wise web page there appears to be no mention of an actual bank account that deals with your direct debits. Mark.
You need to sign up for an account - then when you make a transfer it asks you which Bank you use to make the transfer.
You set up a trnsfer from your bank account to Transferwise - when they receive your payment - they transfer it to the account of your choice.
You can transfer by debit card but fees are higher.
Posted: Mon Feb 22, 2021 10:44am
Helpful member
FixIt2020 wrote on Mon Feb 22, 2021 10:36am:
May I kindly ask how you do this. When I go on the transfer wise web page there appears to be no mention of an actual bank account that deals with your direct debits. Mark.
You can apply for a Transferwise Bank account which you then use as a UK/Euro/etc Bank Account - they give you a sort code and account number or IBAN for your account.
You can also do this with a Revolut account and they use Transferwise to do the currency transfers
Popular topics
Properties near Camposol
Latest Banking and finances topics
Our sponsors
Find more Banking and finances topics from a particular area:
Or view all Banking and finances topics in all of Costa Cálida.