UK and Spanish Bank accounts

Roland wrote on Wed Nov 9, 2022 12:04pm:

Open a Wise.com euro account.

Close your Spanish bank account.

Keith99901 wrote on Wed Nov 9, 2022 10:38am:

Hi, it appears that lots of UK banks are now closing accounts of people who have moved overseas. We have heard of several examples recently of the Spanish authorities taking money out of ex pats Spanish Bank accounts without their prior knowledge, and for what appears, sometimes dubious reasons (...

 

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... if the people involved are being honest in what they are saying ! ). Does anyone know a way to avoid this situation, legally of course. Thank you. Keith

eduardo3332 wrote on Thu Nov 10, 2022 10:20am:

Hi, the Spanish authorities will only place an embargo/freeze your account to take money if you owe debts to the town hall or any government entity.

I see from your previous posts you are moving to Spain permanently in the future, so a wise account could be useful to you but as you originally said the Banks in the Uk are closing some peoples bank accounts so this may not be suitable for you. I have had a wise account for many years but only u...

 

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...se for transferring money from Uk bank account to Spanish.

The wise account dose have a debit card (which I have) however for ATM withdrawals in any Spanish bank, you will be charged a fee for the service. I also have a Spanish Cajamar Wefferent account which is my main one, this is an online account with no fees or charges for withdrawals at any of there ATMs or any other normal banking procedures.

High street Spanish banks are now charging very high fees for there services.

Nick W wrote on Wed Nov 16, 2022 1:38pm:

Very interesting. My lawyer has just set me up with a Bankinter account as that is the bank they deal with, but I am looking for a bank that won't charge me fees for a debit card and can handle all the basic DD's during the year when I'm not in the country. 

Is the mobile app and website in English?...

 

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Nick W wrote on Wed Nov 16, 2022 1:38pm:

Very interesting. My lawyer has just set me up with a Bankinter account as that is the bank they deal with, but I am looking for a bank that won't charge me fees for a debit card and can handle all the basic DD's during the year when I'm not in the country. 

Is the mobile app and website in English?...

 

Read more...

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