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Posted: Wed Feb 1, 2023 1:25pm
Roland wrote on Wed Feb 1, 2023 1:20pm:
You most certainly do not have to have a Spanish bank account to pay your direct debits.
Although some Spanish companies will try to tell you that you do.
Read more...
Many of us on this forum use Wise.com
To pay our Spanish DD.
Thank you, that's very interesting. I will now see if I can create my DDs from my Irish bank.
Posted: Wed Feb 1, 2023 1:27pm
Roland wrote on Fri Jan 27, 2023 12:58pm:
That's why a lot of us don't use Spanish banks.
Hey, what bank do you use. We’re just in process of offer etc and have no clue on who’s best. Also the balance transfer fee who’s best for transferring money? Thanks
Wise.com.
Posted: Wed Feb 1, 2023 2:52pm
Helpful member
It's that old problem again - Spanish banks versus newer internet based financial institutions . - Just bear in mind Wise etc etc are not actual banks with the financial safeguards regarding their setups that more regularized banking systems are. Were any monies to go missing in transfer it won't be as easy to rectify as you expect.
Posted: Thu Feb 2, 2023 11:08pm
Christine 78 wrote on Wed Feb 1, 2023 2:52pm:
It's that old problem again - Spanish banks versus newer internet based financial institutions . - Just bear in mind Wise etc etc are not actual banks with the financial safeguards regarding their setups that more regularized banking systems are. Were any monies to go missing in transfer it won't...
Read more...
... be as easy to rectify as you expect.
Wise is regulated by the FCA in the UK and many other regulators around the world. We operate according to the rules they've made to protect consumers in each region.
We’re regulated around the world
Wise is regulated by the FCA in the UK and many other regulators around the world. We operate according to the rules they’ve made to protect consumers in each region.
Learn more about how and where we’re regulated
We safeguard your moneyWhen you use Wise, we safeguard your money by holding it in dedicated bank accounts or high quality liquid assets.
The money in your account is covered by assets that are worth the same value. We hold the assets in separate accounts with these financial institutions.
If you live in the UK, you can also learn more about safeguarding on the FCA’s website.
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