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Recommend a bank

Posted: Thu Aug 18, 2022 10:53am
16 replies380 views4 members subscribed
Sue244

Posts: 20

Location: Camposol

Joined: 25 Feb 2020

We intend retirement in the area and would like recommendations for a bank with good internet and English spoken

eduardo3332

Posted: Thu Aug 18, 2022 11:53am

eduardo3332

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Posted: Thu Aug 18, 2022 11:53am

Sue244 wrote on Thu Aug 18, 2022 10:53am:

We intend retirement in the area and would like recommendations for a bank with good internet and English spoken

I personally use the Cajamar Wefferent on line account, with debit card no bank charges or fees.

https://www.cajamar.es/en/comun/acceder-a-banca-electronica/

I transfer money from my English banks via Wise directly into this account.

https://wise.com/

As I never have any need to go into a bank with internet banking I would not know if they speak good English or not.

In my 20 plus years in Spain I have been with many banks and most now charge exorbitant fees.

Hope this helps

Ed

Sue244

Posted: Thu Aug 18, 2022 2:33pm

Sue244

Original Poster

Posts: 20

Location: Camposol

Joined: 25 Feb 2020

Posted: Thu Aug 18, 2022 2:33pm

Thanks

eraser

Posted: Thu Aug 18, 2022 6:23pm

eraser

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Location: Los Urrutias

Joined: 8 May 2018

Posted: Thu Aug 18, 2022 6:23pm

I fully agree with eduardo and a very happy customer with Cajamar.

If you need the helpline: they speak English!!! But also my local branch they speak English if you have a “problem” to talk direct to a person. 

Overall, on-line and at the branch very friendly and helpful. 


Jan1961

Posted: Fri Aug 19, 2022 1:38pm

Jan1961

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Location: Sucina

Joined: 1 Jul 2017

Posted: Fri Aug 19, 2022 1:38pm

We closed our Sabadell Bank due to extortionate chargers open a Wise account they can accept Sepa Direct Debits then you can just top up Wise account to cover Utility Bill's no bank chargers.

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Christine 78

Posted: Sat Aug 20, 2022 1:34pm

Posts: 42

18 helpful points

Location: Mazarron

Joined: 14 Dec 2021

Posted: Sat Aug 20, 2022 1:34pm

Sue244 wrote on Thu Aug 18, 2022 10:53am:

We intend retirement in the area and would like recommendations for a bank with good internet and English spoken

A question with using Wise for money transfers -  they are not actually a bank with all the guarrantees regarding any loss of money are they?

Correct me if I'm wrong. I know a lot of people use it.

Roland

Posted: Sat Aug 20, 2022 3:09pm

Roland

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Posted: Sat Aug 20, 2022 3:09pm

You are correct regarding Wise not being a bank.

Have a read here though.

https://wise.com/help/articles/2949821/is-it-safe-to-keep-money-in-my-wise-account

It does not really bother me that my funds with them are not as protected as a bank.

I only keep maybe 2000 or 3000 euro with them at any one time.

Christine 78

Posted: Sat Aug 20, 2022 3:23pm

Posts: 42

18 helpful points

Location: Mazarron

Joined: 14 Dec 2021

Posted: Sat Aug 20, 2022 3:23pm

Roland wrote on Sat Aug 20, 2022 3:09pm:

You are correct regarding Wise not being a bank.

Have a read here though.

https://wise.com/help/articles/2949821/is-it-safe-to-keep-money-in-my-wise-account

It does not really bother me that my funds with them are not as protected as a bank.

I only keep maybe 2000 or 3000 euro with them at any one time.

Oh dear. Roland . -  2/3000 Euro would be a lot to me. I have two pensions to live on. I keep one in Nationwide UK, and transfer the other into Santander for household expenses. It comes in Euros already.  I don't do internet banking because of security issues in Spain; and I'm afraid of robbing myself while moving currencies, so I guess it wouldn't suit me at all . Santander do like to charge for everything they do or don't do for you though.

eduardo3332

Posted: Sat Aug 20, 2022 3:24pm

eduardo3332

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Posted: Sat Aug 20, 2022 3:24pm

Christine 78 wrote on Sat Aug 20, 2022 1:34pm:

A question with using Wise for money transfers -  they are not actually a bank with all the guarrantees regarding any loss of money are they?

Correct me if I'm wrong. I know a lot of people use it.

I actually don't think anyone said Wise was a bank?

But individuals have including myself have recommend banks and suggest that transferring funds into the account through Wise because they offer an excellent service and exchange rates.

Christine 78

Posted: Sat Aug 20, 2022 3:34pm

Posts: 42

18 helpful points

Location: Mazarron

Joined: 14 Dec 2021

Posted: Sat Aug 20, 2022 3:34pm

eduardo3332 wrote on Sat Aug 20, 2022 3:24pm:

I actually don't think anyone said Wise was a bank?

But individuals have including myself have recommend banks and suggest that transferring funds into the account through Wise because they offer an excellent service and exchange rates.

BUT - Eduardo, - what would happen if your money was "mislaid" during transfer is what I'm really asking. How would it be sorted out with no loss to you ?

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