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Sabedell charges via XE currency

Posted: Mon Jun 7, 2021 12:42pm
12 replies262 views8 members subscribed
android

Posts: 16

Location: Los Alcázares

Joined: 6 Nov 2020

Morning/Afternoon

                             Does anyone please know or had experience of being charged fees by Sabedell for receiving funds transferred by XE currency Many thanks Andy

Sucina Explorer

Posted: Tue Jun 8, 2021 12:30pm

Sucina Explorer

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Posted: Tue Jun 8, 2021 12:30pm

I regularly transfer money from UK to Cajamar Bank and have never been charged a transfer fee by either party

Bob

MitchNorwich

Posted: Tue Jun 8, 2021 12:48pm

MitchNorwich

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Joined: 5 May 2019

Posted: Tue Jun 8, 2021 12:48pm

I regularly transfer funds to our Sabadell bank account using Wise (Transferwise). Other than the usual low Wise currency exchange fee, I have never been charged any additional fees by Sabadell to receive into our account.

Obviously cannot comment on XE.

android

Posted: Tue Jun 8, 2021 12:59pm

android

Original Poster

Posts: 16

Location: Los Alcázares

Joined: 6 Nov 2020

Posted: Tue Jun 8, 2021 12:59pm

Sucina Explorer wrote on Tue Jun 8, 2021 12:30pm:

I regularly transfer money from UK to Cajamar Bank and have never been charged a transfer fee by either party

Bob

Many thanks for your reply Bob, fortunately, you are with one of the better banks, which does not charge for receiving a transfer, unlike mine!

Best Regards Andy

android

Posted: Tue Jun 8, 2021 1:12pm

android

Original Poster

Posts: 16

Location: Los Alcázares

Joined: 6 Nov 2020

Posted: Tue Jun 8, 2021 1:12pm

MitchNorwich wrote on Tue Jun 8, 2021 12:48pm:

I regularly transfer funds to our Sabadell bank account using Wise (Transferwise). Other than the usual low Wise currency exchange fee, I have never been charged any additional fees by Sabadell to receive into our account.

Obviously cannot comment on XE.

Many thanks for your reply, must admit, having received no reply from XE, I did try transferwise and to say impressed, would be an understatement, in that it transferred in 18 seconds and on thinking yea right, checked my Sabedell account and sure enough there it was and having checked again today, no fees have been deducted. So for the present, is definetly the way forward. All the best Andy

MitchNorwich

Posted: Tue Jun 8, 2021 3:43pm

MitchNorwich

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Posted: Tue Jun 8, 2021 3:43pm

android wrote on Tue Jun 8, 2021 1:12pm:

Many thanks for your reply, must admit, having received no reply from XE, I did try transferwise and to say impressed, would be an understatement, in that it transferred in 18 seconds and on thinking yea right, checked my Sabedell account and sure enough there it was and having checked again toda...

...y, no fees have been deducted. So for the present, is definetly the way forward. All the best Andy

Yes - I wouldn't use anyone else - Wise have been perfect for us for that last 2+ years in our house purchase in Spain through to our move out here last year and our day to day finances as we transfer funds from UK to Spain.

rma44

Posted: Wed Jun 9, 2021 9:58am

rma44

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Posted: Wed Jun 9, 2021 9:58am

Unless things have changed, Sabadell charge a receiving fee over a certain amount. Long time since I did it but I had to send smaller amounts to avoid the charges. Unfortunately Sabadell make up for it with their extortionate fees for holding my money, something I aim to change when I can get out there again!

Steve14

Posted: Wed Jun 9, 2021 10:38am

Posts: 29

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Location: Condado de Alhama

Joined: 10 Nov 2018

Posted: Wed Jun 9, 2021 10:38am

android wrote on Tue Jun 8, 2021 12:59pm:

Many thanks for your reply Bob, fortunately, you are with one of the better banks, which does not charge for receiving a transfer, unlike mine!

Best Regards Andy

Hi Andy, 

             I used to use XE but Sabedell were charging me, xe did refund me the charge when I informed them about it, but was every time, so I've now changed to Wise (transferwise) I've completed many transactions now, no charges. 

AnnieF

Posted: Wed Jun 9, 2021 5:40pm

Posts: 51

11 helpful points

Location: Alhama de Murcia

Joined: 19 Jan 2019

Posted: Wed Jun 9, 2021 5:40pm

Steve14 wrote on Wed Jun 9, 2021 10:38am:

Hi Andy, 

             I used to use XE but Sabedell were charging me, xe did refund me the charge when I informed them about it, but was every time, so I've now changed to Wise (transferwise) I've completed many transactions now, no charges. 

Sabadell charged us €18 for a £20 Swift transfer (a friend was seeing if the transfer worked before sending a much larger amount) but the fee was a huge shock. Spoke to Sabadell about it and they said they wouldn’t charge if we had an arrangement such as pension or a regular monthly transfer (though they would only accept one regular monthly transfer on top of the pension payment). They said that any other transfers needed to have a form completed beforehand, every time, and to clear it with them first. Since then, we have used Wise and there have been no charges. They blamed Brexit. But this is Spain, so we can’t expect things to go smoothly or be explained to our satisfaction 🙄.

android

Posted: Thu Jun 10, 2021 9:00am

android

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Posts: 16

Location: Los Alcázares

Joined: 6 Nov 2020

Posted: Thu Jun 10, 2021 9:00am

AnnieF wrote on Wed Jun 9, 2021 5:40pm:

Sabadell charged us €18 for a £20 Swift transfer (a friend was seeing if the transfer worked before sending a much larger amount) but the fee was a huge shock. Spoke to Sabadell about it and they said they wouldn’t charge if we had an arrangement such as pension or a regular monthly transfer...

... (though they would only accept one regular monthly transfer on top of the pension payment). They said that any other transfers needed to have a form completed beforehand, every time, and to clear it with them first. Since then, we have used Wise and there have been no charges. They blamed Brexit. But this is Spain, so we can’t expect things to go smoothly or be explained to our satisfaction 🙄.

Hi Steve many thanks for your reply-how to take something that should be straight forward and make it complicated use Sabedell. Could you imaging, having to complete a form and then having to wait for their approval before sending a transfer, time consuming & antiquated. Fortunately you have found and use Wise, as have I now and first time I used it transferred in 18 seconds and no charges, so is a no brainer. They say Brexit, I say exploitation, as under SEPA they should not be charging, but then Sabedell at the best of times, leaves a lot to be desired!

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