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Non resident banking

Posted: Sun Feb 12, 2023 1:00pm
7 replies236 views8 members subscribed
IanW

Posts: 8

Location: Playa Blanca

Joined: 7 Sep 2022

Hi everyone, being from the UK we're not used to paying fees for every aspect of personal banking and yet, no doubt thanks to Brexit, we seem to be paying a lot of fees out on banking in Lanzarote (currently with Banca March) e.g. regular maintenance fee, debit card fee, use of atm fee, etc. and have started looking at others to see if there's a way of reducing charges.  We're just after a standard account with a debit card - anyone's advice who has already been through this search and has found the cheapest option would be welcome...

Normando68

Posted: Sun Feb 12, 2023 2:30pm

Posts: 19

5 helpful points

Location: Tias

Joined: 13 Oct 2022

Posted: Sun Feb 12, 2023 2:30pm

IanW wrote on Sun Feb 12, 2023 1:00pm:

Hi everyone, being from the UK we're not used to paying fees for every aspect of personal banking and yet, no doubt thanks to Brexit, we seem to be paying a lot of fees out on banking in Lanzarote (currently with Banca March) e.g. regular maintenance fee, debit card fee, use of atm fee, etc. and ...

...have started looking at others to see if there's a way of reducing charges.  We're just after a standard account with a debit card - anyone's advice who has already been through this search and has found the cheapest option would be welcome...

I have experienced the same with La Caixa. I changed my debit card to a credit card where transactions are debited to my account every three days. I also guaranteed that there would at least €750 coming into the account each month and I would pay all my utility bills from the account.  For the moment then I am not paying fees.

John

Posted: Sun Feb 12, 2023 6:25pm

Posts: 35

15 helpful points

Location: Punta Mujeres

Joined: 25 Feb 2019

Posted: Sun Feb 12, 2023 6:25pm

Hi, I opened an online account with N26. If you apply in Spain you will have a Spanish eban number. The account and debit card are free. A limited number of free cash withdrawals are allowed each month.

Lanzadrums

Posted: Mon Feb 13, 2023 7:45am

Posts: 37

13 helpful points

Location: Mala

Joined: 21 Apr 2022

Posted: Mon Feb 13, 2023 7:45am

We are using BBVA total online account and no fees whatsoever plus we pay all our utilities through the account. Used for the past year or more and been excellent.

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Retired waster

Posted: Mon Feb 13, 2023 2:50pm

Posts: 29

18 helpful points

Location: Conil

Joined: 17 May 2017

Posted: Mon Feb 13, 2023 2:50pm

Dear Ianw,

I’m afraid you are misinformed regarding bank charges. We had them here before Brexit, it’s a Spanish norm. You may be pleased to find that there are ways to avoid them as we do now. You may find it helpful to speak to your current bank first, failing that try others that suit your location and circumstances. I hope this reassured you.

DarrenGB

Posted: Wed Feb 15, 2023 8:55am

Posts: 8

1 helpful points

Location: Playa Blanca

Joined: 8 Jan 2022

Posted: Wed Feb 15, 2023 8:55am

Yeah we are with same bank and getting smashed with fee galore 

IanW

Posted: Wed Feb 15, 2023 10:28am

IanW

Original Poster

Posts: 8

Location: Playa Blanca

Joined: 7 Sep 2022

Posted: Wed Feb 15, 2023 10:28am

Lanzadrums wrote on Mon Feb 13, 2023 7:45am:

We are using BBVA total online account and no fees whatsoever plus we pay all our utilities through the account. Used for the past year or more and been excellent.

Hi Lanzadrums, thanks for your response - might be a daft question but did you have to go through the 'BBVA Spain' app for this?

Lanzadrums

Posted: Wed Feb 15, 2023 4:30pm

Posts: 37

13 helpful points

Location: Mala

Joined: 21 Apr 2022

Posted: Wed Feb 15, 2023 4:30pm

IanW wrote on Wed Feb 15, 2023 10:28am:

Hi Lanzadrums, thanks for your response - might be a daft question but did you have to go through the 'BBVA Spain' app for this?

Yes its through the Spanish app but extremely easy to do.

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