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Free banking

Posted: Wed Nov 20, 2019 8:24pm
12 replies514 views10 members subscribed
eviedoll

Posts: 56

4 helpful posts

Hi all  just read on Facebook that sabadell will no longer be offering free banking and that the cost will be €5 per month wefJan. I know it doesn't sound alot but it's €60:per year. Any recommendations please 

Roland

Roland

Very helpful member

Wed Nov 20, 2019 9:47pm

Posts: 978

Location: Camposol

620 helpful posts

Posted: Wed Nov 20, 2019 9:47pm

I think Santander do a basic account but even that costs 3 euro per month.

Some banks offer free banking if you pay in around 700 euro each month.

eviedoll

eviedoll

Original Poster

Thu Nov 21, 2019 7:56am

Posts: 56

4 helpful posts

Posted: Thu Nov 21, 2019 7:56am

Thank you. That's why we chose sabadell as the expansion account was free if you pay in €750 but will change in January to €5 pm 

PeterC

PeterC

Helpful member

Thu Nov 21, 2019 11:54am

Posts: 769

Location: Los Alcázares

356 helpful posts

Posted: Thu Nov 21, 2019 11:54am

Sadly it looks like the days of totally free banking in Spain are over. We have always been with Cajamar - barring a disastrous few months with BBVA before we learnt better! - and it was free with no commitment. Over the years they have added conditions like regular payments in, using their house insurance, joining the society and so on. It is essential to keep an eye on how many times you use a debit card too - too few and they slap you 15E a quarter charge.

Micaela

Thu Nov 21, 2019 12:44pm

Posts: 113

Location: Lo Pagan

46 helpful posts

Posted: Thu Nov 21, 2019 12:44pm

I was in Sabadell yesterday. We too have the expansion account. Yes it's true: Beginning March? 2020 there will be a monthly €5 charge UNLESS you have another service attached to the Expansion account with them. We have had our home owners Insurance with them for the past 3 years so I pointed that out. We're off the hook because of that. 

Best wishes 

eviedoll

eviedoll

Original Poster

Thu Nov 21, 2019 2:31pm

Posts: 56

4 helpful posts

Posted: Thu Nov 21, 2019 2:31pm

Thank you.  I was hoping it was only for non residents but sadly it's not 

rma44

rma44

Helpful member

Sun Nov 24, 2019 12:15pm

Posts: 430

220 helpful posts

Posted: Sun Nov 24, 2019 12:15pm

eviedoll wrote on Thu Nov 21, 2019 2:31pm:

Thank you.  I was hoping it was only for non residents but sadly it's not 

Non residents pay an awful lot more than 60 per annum for the privilege of leaving money with them!

Brackie

Mon Nov 25, 2019 9:35am

Posts: 15

Location: Camposol

6 helpful posts

Posted: Mon Nov 25, 2019 9:35am

We have an Experiencia account with Sabadell which is free. You have to pay in a pension payment monthly. It doesn’t have to be a certain  amount but has to be a pension. We pay in our smallest one. Don’t know if this will be charging next year too so will need to check. 

eraser

eraser

Helpful member

Mon Nov 25, 2019 10:08am

Posts: 86

Location: Mar De Cristal

53 helpful posts

Posted: Mon Nov 25, 2019 10:08am

Cajamar Rural. Free banking per internet plus debit card....good people.

Passport 2 Talk

Wed Nov 27, 2019 12:50pm

Posts: 18

Location: San Javier

6 helpful posts

Posted: Wed Nov 27, 2019 12:50pm

Yes, with the crisis everything changed a lot.

Did you try Online Banks / Debit Cards?

We recommend Bnext, it is totally free, with a debit card that you can use for withdrawals with no commissions (in Spain and abroad), and to pay also without commission. And some other advantages!

With this link, you will receive 5€ as a gift when you activate your debit card (and I also will receive another 5€). Win-win situation! ;)
https://share.bnext.es/598431460

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