There are some ‘well known’ posters here who are forever saying ‘they are being ripped off in Spain.’
I and others have tried in vain to explain many times that the laws, regulations etc. in other counties (usually UK) cannot be used to support their argument against Spain
This is from a news-letter which I edit.
Sharp rise in banking fees
For example, according to the Bank of Spain, if you have a current account today, you can be charged a maximum of 75 euros, on 2011 it was 42 euros. That's an increase of 78%.
In July 2011, the Bank of Spain stopped regulating the fees that banks and cajas charge their clients for services and products. In the last year, according to the Bank of Spain, bank fees have increased on average by 40%, although there are services that have registered a rise of up to 300%. This is the case of the commission that the banks can charge for a transfer: the maximum price has risen from five euros for 2011 to twenty euros this year. The minimum charge for this kind of operation continues however to be levied at two euros.
Maintenance fees for current or savings accounts have also risen substantially. The minimum remains at 12.50 euros, however, the maximum allowable has shot up from 42 euros in 2011 to the 75€ that banks can now charge.