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Banking in Spain

Discussion forum for expats moving to or living in Spain.

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Banking in Spain

Post Posted: Tue Jun 20, 2006 6:47 am

I currently bank in England and use my debit card when in Spain. If I am to live there can I still continue to do that or must I open a bank account in Spain for paying rent etc.?

If I open an account with my branck of English bank there will then still issue me a debit card? I hate carring cash.

 

cajun_spice98
Frequent Poster
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Re: Banking in Spain

Post Posted: Tue Jun 20, 2006 12:48 pm

Open an account with Halifax, very easy just need proof of identity and address, then ask for an account in Halifax Spain, job done, no charges for transferring from sterling to euros or from UK to Spain.

 

gypsyboy
Newbie
Newbie
 
 
  
Re: Banking in Spain

Post Posted: Tue Jun 20, 2006 1:21 pm

Hi
Just a bit of an add-on to the reply given

We have followed this advice last month and transferred to a Halifax account.

Halifax will run your old accounts from other banks and your new Halifax one for about 45 days to make sure all your Direct Debits are ok..etc

It will cost you 600 euros (as a deposit,i must stress) to open your spainish account.

Hence,we are still waiting to do this as money is tight at the minute...lol

 

totty_440
Regular Poster
Regular Poster
 
 
  
Re: Banking in Spain

Post Posted: Wed Jun 21, 2006 3:22 am

If you wish to purchase a property in Spain, you will need to establish a Spanish Bank account to receive funds for the puchase; this makes it easier for the Spanish tax authourities to check that you used money earned outside of Spain to purchase the property when you later sell it.

Also direct debits froma Spanish account, for mortgages, telephones, electric, water etc.; should be easier to administer.

Nothing to stop you usin a UK account for daily needs etc.


_________________

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www.fincacarolinaholidays.com

 

somkoi
Regular Poster
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Re: Banking in Spain

Post Posted: Wed Jun 21, 2006 3:37 am

I noticed that Barclays also had a branch in Benalmadena, do thay offer the same service as Halifax?


_________________

Life is a roller coaster and I am loving the ride.

 

cajun_spice98
Frequent Poster
Frequent Poster
 
 
  
Re: Banking in Spain

Post Posted: Fri Jun 23, 2006 5:15 pm

Hello

We have a spanish bank account with BBVA which we opened to buy our property. We have a Barclays account in UK. I went in last week and told them we are moving to Spain next month. No problem, our account will stay in Uk and we will get everything sent to our address in Spain. There are loads of Barclays in Spain. If you use online banking then no need for your statements to be sent out, just view them online. So no need to open another account. Sounds simple, just hope it is in reality.

Kabab

 

kabab
Regular Poster
Regular Poster
 
 
  
Re: Banking in Spain

Post Posted: Fri Jun 23, 2006 7:10 pm

Yes we do on line. I figured we could leave our account in Uk but only fall back is that when you transfer money to pay bills in Spain you will have to pay a substantial charge unless you pay in cash.


_________________

Life is a roller coaster and I am loving the ride.

 

cajun_spice98
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