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Bank Account

Posted: Tue Oct 5, 2021 4:26pm
2 replies85 views3 members subscribed
Milford60

Posts: 1

Location: Costa Teguise

Joined: 5 Oct 2021

I was wondering which was the best bank to have an account with if i were to purchase property & occasionally live in Lanzarotte?

Solange

Posted: Fri Oct 8, 2021 7:27am

Posts: 4

2 helpful points

Location: Arrecife

Joined: 25 Sep 2021

Posted: Fri Oct 8, 2021 7:27am

I recently bought property with the help of banco Sabadell in Costa Teguise.

Have no other bank to compare with ofcourse, but I am a happy customer.

JOHN46

Posted: Sat Oct 9, 2021 7:31am

Posts: 9

2 helpful points

Location: Yaiza

Joined: 22 Mar 2021

Posted: Sat Oct 9, 2021 7:31am

Solange wrote on Fri Oct 8, 2021 7:27am:

I recently bought property with the help of banco Sabadell in Costa Teguise.

Have no other bank to compare with ofcourse, but I am a happy customer.

Having now been with four banks a pattern is emerging.

You open your first account at a convenient local branch.  The team provides an excellent service.

Then one of two things happens:

1. Staff move and replacements can sometimes be less helpful.

2.  The bank group is taken over or merges.  Culture changes, different conditions introduced, service deteriorates....you move on.

For the last twelve months, we have had an excellent service from Sabadell but 'rumour control' suggests that a merger may be in the offing.

UK banks and customer service have also declined over the last decade.

That is my view for what it is worth.

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