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Money Transfers.

Posted: Mon Sep 20, 2021 1:29pm
6 replies171 views4 members subscribed
Whiterose

Whiterose

Posts: 7

1 helpful points

Location: Mar Menor

Joined: 12 Apr 2021

Good afternoon,

I have a monthly transfer from my UK bank to Santander Bank in La Manga, which i have done for the last 13 years. This is purely to pay the bills for my apartment, but last months transfer was returned to the currency exchange with no explanation. I have emailed the bank and phoned, but no one ever answers, has anyone had any issues regarding money transfer from the UK. I understand there are new bank charges, but surely they will take these at source, after all i am trying to put money in the bank, not take it out.

Roland

Posted: Mon Sep 20, 2021 5:50pm

Roland

Legendary helpful member

Posts: 3546

2606 helpful points

Location: Camposol

Joined: 23 Feb 2018

Posted: Mon Sep 20, 2021 5:50pm

Your Spanish bank could now be making a charge for RECEIVING funds from your UK bank.

Many are now doing so.

It's probably time for a change in what you do.

Open a Wise.com euro account, transfer GBP to Euro & then set up all your Spanish DD from your Wise euro account.

Wise.com have a superb exchange rate, very fast transfers ( in seconds ) & have a debit card as well.

Wise.com is highly recommended by not only me but lots of others on this website.

Pebbles

Posted: Mon Sep 20, 2021 9:03pm

Pebbles

Helpful member

Posts: 87

60 helpful points

Location: Fuente Álamo

Joined: 25 Jan 2018

Posted: Mon Sep 20, 2021 9:03pm

Hi Whiterose

I had the same problem with my monthly payment from my U.K. bank into my Spanish Santander bank which I’ve been doing on a monthly basis as a direct debit for over ten years, fortunately for me my Spanish bank emailed me back in February regarding this,  they told me that as we are no longer part of the EU we cannot have a monthly payment going over by direct debit anymore 🙈  

What I do now is I save the money up which I would of sent over monthly and then do a transfer from my U.K. bank and send it over as a transfer every few months, which my U.K. bank doesn’t charge me for. 

I hope this has explained why your payments are now being returned👍

Whiterose

Posted: Tue Sep 21, 2021 10:28am

Whiterose

Original Poster

Posts: 7

1 helpful points

Location: Mar Menor

Joined: 12 Apr 2021

Posted: Tue Sep 21, 2021 10:28am

Pebbles wrote on Mon Sep 20, 2021 9:03pm:

Hi Whiterose

I had the same problem with my monthly payment from my U.K. bank into my Spanish Santander bank which I’ve been doing on a monthly basis as a direct debit for over ten years, fortunately for me my Spanish bank emailed me back in February regarding this,  they told me that as we are no long...

...er part of the EU we cannot have a monthly payment going over by direct debit anymore 🙈  

What I do now is I save the money up which I would of sent over monthly and then do a transfer from my U.K. bank and send it over as a transfer every few months, which my U.K. bank doesn’t charge me for. 

I hope this has explained why your payments are now being returned👍

Hi Pebbles,

Thank you for that, it explains the situation very well. Another benefit of Brexit, just make life more difficult. What a great idea that was.!!!

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Roland

Posted: Tue Sep 21, 2021 11:20am

Roland

Legendary helpful member

Posts: 3546

2606 helpful points

Location: Camposol

Joined: 23 Feb 2018

Posted: Tue Sep 21, 2021 11:20am

Pebbles wrote on Mon Sep 20, 2021 9:03pm:

Hi Whiterose

I had the same problem with my monthly payment from my U.K. bank into my Spanish Santander bank which I’ve been doing on a monthly basis as a direct debit for over ten years, fortunately for me my Spanish bank emailed me back in February regarding this,  they told me that as we are no long...

...er part of the EU we cannot have a monthly payment going over by direct debit anymore 🙈  

What I do now is I save the money up which I would of sent over monthly and then do a transfer from my U.K. bank and send it over as a transfer every few months, which my U.K. bank doesn’t charge me for. 

I hope this has explained why your payments are now being returned👍

Just to clarify things.

Your monthly payment was a Standing Order set up by you.

It cannot have been a Direct Debit because a Direct Debit has to be set up & claimed by a company.

Pebbles

Posted: Tue Sep 21, 2021 11:53am

Pebbles

Helpful member

Posts: 87

60 helpful points

Location: Fuente Álamo

Joined: 25 Jan 2018

Posted: Tue Sep 21, 2021 11:53am

Roland wrote on Tue Sep 21, 2021 11:20am:

Just to clarify things.

Your monthly payment was a Standing Order set up by you.

It cannot have been a Direct Debit because a Direct Debit has to be set up & claimed by a company.

I stand corrected Roland

Standing order direct debit whatever it was they stopped it.

Joan

Posted: Thu Sep 23, 2021 1:48am

Joan

Posts: 9

4 helpful points

Location: La Tercia

Joined: 2 Jul 2021

Posted: Thu Sep 23, 2021 1:48am

Pebbles wrote on Mon Sep 20, 2021 9:03pm:

Hi Whiterose

I had the same problem with my monthly payment from my U.K. bank into my Spanish Santander bank which I’ve been doing on a monthly basis as a direct debit for over ten years, fortunately for me my Spanish bank emailed me back in February regarding this,  they told me that as we are no long...

...er part of the EU we cannot have a monthly payment going over by direct debit anymore 🙈  

What I do now is I save the money up which I would of sent over monthly and then do a transfer from my U.K. bank and send it over as a transfer every few months, which my U.K. bank doesn’t charge me for. 

I hope this has explained why your payments are now being returned👍

Strange. We have had a direct debit payment from our UK account to our Sabadel account for many years and it still goes through without any issue.

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