Very High Bank Fees - Banking and finances in Camposol - Camposol forum - Costa Cálida forum in the Murcia province of Spain
Fine  Country
ASSSA Insurance
Just One Small Step - Counselling

Join the Camposol forum

Join the Camposol forumMy name's Alex and this is my website all about Camposol in Spain. Register now for free to talk about Banking and finances in Camposol and much more!

Very High Bank Fees

Posted: Wed Mar 31, 2021 2:59pm
40 replies1073 views9 members subscribed
MSBCMB

Posts: 37

16 helpful points

Location: Camposol

Joined: 17 Oct 2018

Hi everyone i have just noticed today the Sabadell are charging me 18 euros each for our pensions going in every month is everyone else having this problem ?? if so what is an alternative we are full residents ,

Roland

Posted: Wed Mar 31, 2021 3:14pm

Roland

Super helpful member

Posts: 2212

1600 helpful points

Location: Camposol

Joined: 23 Feb 2018

Posted: Wed Mar 31, 2021 3:14pm

Yes other people are complaining about Sabadell & their charges.

Use the search facility at the top of this page.

Search for 'Banking' & 'Free Banking'.

There is lots of information there for you to have a read through.

Gaza

Posted: Wed Mar 31, 2021 8:10pm

Posts: 72

37 helpful points

Joined: 6 Apr 2019

Posted: Wed Mar 31, 2021 8:10pm

Hi yes I got an 18 euro fee on 1st Jan 2021 ?it's because the UK banking system is not in the EU system any more.I set up a transfer wise account and I get nearly free transfers with them but it Nas to come from your bank in the UK.By that in your case it's your pensions?so change the direcdirect debit to go into your UK account and use transferable to make a payment to sabbadell.Very good rate indeed good luck and don't let sabbadell fleece you they are good at that.When I went in on the 2nd Jan I asked the lady why and all she said it's not my problem? It's brexit for you?.i then asked her if their is a way of complaining? Answer again no it's brexit.So I said to her that's ok be very weary about yourself keeping your banking job as all the Brits will do is run down their account balance in their bank.Thus leaving the bank with alot less collateral to play with and walked out.There is two ways to skin a cat so to speak ?hope you do ok.

sdb137

Posted: Wed Mar 31, 2021 8:13pm

sdb137

Helpful member

Posts: 615

311 helpful points

Location: Camposol

Joined: 21 Jan 2018

Posted: Wed Mar 31, 2021 8:13pm

We had this problem with Sabadell, but Currencies Direct sorted it for us, no more charges have been made since, and all the charges were refunded.

Gaza

Posted: Wed Mar 31, 2021 8:19pm

Posts: 72

37 helpful points

Joined: 6 Apr 2019

Posted: Wed Mar 31, 2021 8:19pm

sdb137 wrote on Wed Mar 31, 2021 8:13pm:

We had this problem with Sabadell, but Currencies Direct sorted it for us, no more charges have been made since, and all the charges were refunded.

Hi was the charges refunded by sabbadell bank please if so what did you say to them please this is very interesting for me as they really are only in some cases a greasy non caring lot when you have a reasonable amount of money with them and also buy atleast one product from them to have zero charges.

sdb137

Posted: Wed Mar 31, 2021 8:45pm

sdb137

Helpful member

Posts: 615

311 helpful points

Location: Camposol

Joined: 21 Jan 2018

Posted: Wed Mar 31, 2021 8:45pm

Gaza wrote on Wed Mar 31, 2021 8:19pm:

Hi was the charges refunded by sabbadell bank please if so what did you say to them please this is very interesting for me as they really are only in some cases a greasy non caring lot when you have a reasonable amount of money with them and also buy atleast one product from them to have zero cha...

...rges.

We have our pensions sent to Currencies Direct and they then pay them into Sabadell bank, and they have had the 18Euro charge stopped, and they refunded our charges, they have been great from day one over 3 years. Speak to Carol in the Camposol office.

Sabadell will try every trick in the book now to get money out of ex pats, they make up their own rules now , and blame Brexit, but thats crap, there is no difference for what was happening  to now what is happening, its pure greed. 

Gaza

Posted: Wed Mar 31, 2021 8:57pm

Posts: 72

37 helpful points

Joined: 6 Apr 2019

Posted: Wed Mar 31, 2021 8:57pm

sdb137 wrote on Wed Mar 31, 2021 8:45pm:

We have our pensions sent to Currencies Direct and they then pay them into Sabadell bank, and they have had the 18Euro charge stopped, and they refunded our charges, they have been great from day one over 3 years. Speak to Carol in the Camposol office.

Sabadell will try every trick in the book now to get money out of ex pats, they make up their own rules now , and blame Brexit, but thats crap, there is no difference for what was happening  to now what is happening, its pure greed. ...

...

Hi my friend yes I agree entirely but is you middleman ie the bank where your pension goes to an EU registered bank and then goes to your currencies direct?if so that's ok.but in my case it was from hsbc UK straight to sabbadell.Are you with me ?.

Rayowen

Posted: Thu Apr 1, 2021 7:56am

Posts: 46

13 helpful points

Location: Camposol

Joined: 23 Jun 2018

Posted: Thu Apr 1, 2021 7:56am

We are still in SEPA.

It's against the law for Sabadell, or anyone else to charge whilst we are still in SEPA.

They have just out up my quarterly fee to €40, but no fees.

Thanks to Roland, I have set up accounts with Wise (formerly Transferwise).

There are no, or VERY low charges, but the rate is better than all the others I could find.

Hope this helps.

THANKS TO ROLAND AND OTHER POSTERS ABOUT WISE

crissywissy

Posted: Thu Apr 1, 2021 9:22am

crissywissy

Super helpful member

Posts: 1637

1075 helpful points

Location: Mar Menor

Joined: 26 Sep 2015

Posted: Thu Apr 1, 2021 9:22am

Our UK state pensions are paid directly into Sabadell with no charge.

sdb137

Posted: Thu Apr 1, 2021 10:23am

sdb137

Helpful member

Posts: 615

311 helpful points

Location: Camposol

Joined: 21 Jan 2018

Posted: Thu Apr 1, 2021 10:23am

Gaza wrote on Wed Mar 31, 2021 8:57pm:

Hi my friend yes I agree entirely but is you middleman ie the bank where your pension goes to an EU registered bank and then goes to your currencies direct?if so that's ok.but in my case it was from hsbc UK straight to sabbadell.Are you with me ?.

All our pensions go from a UK bank to Currencies Direct, then into Sabadell.

There is and never was any need for charges, but Sabadell know they can try anything to get money from Brits now, as you are on your own.

Sign up for free or login to reply to this topic

Want to reply to this topic? Login or register for free to post your message:

Find more Banking and finances topics from a particular area:


Register for free!

Login to your account

Just One Small Step - Counselling
Fine  Country
ASSSA Insurance
Advertise your business here
Advertise your property
Help with my computer