Best bank

Posted: Sat Jan 11, 2020 10:31am

3 replies145 views4 members subscribed

Steve60

Posts: 3

Location: Playa Blanca

Joined: 21 Aug 2019

We are moving to lanzarote in October to retire, can anyone recommend a good bank.

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Posted: Mon Jan 13, 2020 9:11am

John

Posts: 34

15 helpful points

Location: Punta Mujeres

Joined: 25 Feb 2019

Posted: Mon Jan 13, 2020 9:11am

Hi I opened an account with Bankia in Arrecife without too much trouble when I first arrived. My friend who had a complicated situation received good advise from a gentleman in Bankia's Playa Blanca branch, who spoke very good English. I believe you now must have an NIE before you can apply for a bank account. If you want any help with that contact me by email and I can talk you through that. [email protected]. Good luck. John

Posted: Wed Feb 5, 2020 8:16pm

Wildrover

Posts: 58

16 helpful points

Location: Puerto del Carmen

Joined: 12 Dec 2018

Posted: Wed Feb 5, 2020 8:16pm

Sorry I can't recommend one but I can tell you one to stay away from. Caixabank charges are outrageous.

Back in 2018 I bought a property in Puerto Del Carmen. I transferred €125,000 from my bank in Ireland. My own bank charged me zero, Caixabank charged €250.00 to accept the transfer.

Where ever you decide to open make sure you ask what the fees are to transfer fund from outside the country.