Good morning everyone, happy new year. please can anyone tell me the banks that are not charging fees to transfer money into , Never been charged before but noticed this month have been charged, i feel if this is the case its a pointless exercise to transfer look forward all replies many thanks , stay safe
Posted: Fri Jan 8, 2021 10:56am
Very helpful member
Please look under banking in this forum - lots of info i.e. Cajamar Wefferent account
Search for free banking in the search box at the top of this page.
You most definitely should not be paying to receive money these days.
Posted: Fri Jan 8, 2021 3:08pm
Thank you for your replies but not sure I explained myself fully, I have a monthly sum of money put into my Spanish bank account, moneycorp does this and have never been charged for this as they earn out of the commission, the rates could be better at times but have no issues with them . The money is transferred into my CaixaBank account and it’s here where I incurred the charge . I my looking for a bank that does not charge for this service, alternative as I com out 3 tomes a year I bring the euros with me look forward to your replies many thanks
Close your Caixia bank account.
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I use Sabadell and World First to transfer money. This week I have transferred €1000 twice and never incurred any charges. I was worried as I read on other forums about people getting charge stupid amounts since Brexit.
Posted: Sat Jan 9, 2021 7:29am
Super helpful member
Due to brexit. Banks are charging to accept payments from the uk. If transferring to Spanish bank don't do it direct from uk bank. I use transferwise
Posted: Sat Jan 9, 2021 9:38am
Helpful member
anthonyjohn wrote on Fri Jan 8, 2021 3:08pm:
Thank you for your replies but not sure I explained myself fully, I have a monthly sum of money put into my Spanish bank account, moneycorp does this and have never been charged for this as they earn out of the commission, the rates could be better at times but have no issues with them . The mone...
Read more...
...y is transferred into my CaixaBank account and it’s here where I incurred the charge . I my looking for a bank that does not charge for this service, alternative as I com out 3 tomes a year I bring the euros with me look forward to your replies many thanks
You will get better rates with Trasferwise for sending your money over, you can use an app on your phone is is very fast and reliable.
I used to use moneycorp but not the greatest rates and not as straight forward as TransferWise
You can also set up direct debit payments via TransferWise too.
As for bank charges, I am with Bankia, they never used to charge, but now charge a service fee of 5 Euros a month, to be honest I can live with that, especially at the moment, as you would probably need to go into a bank and sign documents to set up new bank account.
Hope that helps
Mrsubby wrote on Sat Jan 9, 2021 9:38am:
You will get better rates with Trasferwise for sending your money over, you can use an app on your phone is is very fast and reliable.
I used to use moneycorp but not the greatest rates and not as straight forward as TransferWise
Read more...
You can also set up direct debit payments via TransferWise too.
As for bank charges, I am with Bankia, they never used to charge, but now charge a service fee of 5 Euros a month, to be honest I can live with that, especially at the moment, as you would probably need to go into a bank and sign documents to set up new bank account.
Hope that helps
You are very lucky if Bankia are only charging you 5 euro a month.
I closed my account with them when they tried to put my charges up to 14 euro a month.
Sunnyspain wrote on Sat Jan 9, 2021 7:29am:
Due to brexit. Banks are charging to accept payments from the uk. If transferring to Spanish bank don't do it direct from uk bank. I use transferwise
I don't think it is anything to do with Brexit at all.
Many Spanish banks have always charged to receive money.
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