Free Banking In Spain ?
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Hi Guys
I am currently with Banca March and they seem to be charging me for even breathing nowadays. I am a non-resident which I pay the bank for the privilidge but they also charge me for maintaining my accounts every 6 months and charge for every direct debits/transfer online, ATM card etc....
My questions is I assume all banks charge in Spain for some things but which is the best bank for a non resident to minimise charges and are there any decent savings rates or fixed rate accounts etc???
Regards
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Hi
See this website for more information. Spanish Banks are charging some of the highest fees in Europe.Maybe other Forum Members can advise you also. I do not think you will get any decent Investment rates anywhere in Europe. EU Bank Rate now at .25%
http://spain.angloinfo.com/money/banking/choosing-bank/
Good luck
Regards
This message was last edited by nigel188 on 13/11/2013.
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Nigel
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Typically you should pay as a non-resident.
A maintanence charge usually 10-15 Euros a quarter
A non-resident certification fee every two years of say 30 Euros
If you have a credit card an insurance fee of 40 Euros per year for which you should reqest a refund. This year we got 50% back. This charge is because the banks don't typically charge merchant fees as they do in the UK.
Anything else I would suggest is not typical.
Saludos
Juan
This message was last edited by juansheetisplenty on 13/11/2013.
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Caja Mar offered me free banking if I became a shareholder in the co op, I would pay 1,000 euros which would be returnable if I moved my account.
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My OAP is paid into Cajamar I get free banking.
My wife, gets free banking as she has 6,000 euros in 'bank shares'. She gets 3.9% gross interest on the 6,000 (58 euros less tax per quarter)
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