Join Talk Quesada

Welcome to Talk Quesada! My name's Alex and this is my website all about Ciudad Quesada in Spain. Talk Quesada is free to sign up and use so register below!

Bank deductions????

Bank deductions????

Postby N & J » Tue Mar 07, 2017 9:06 am

hi, we recently bought a property in this area, and opened a bank account, but money seems to be going out pretty quick, and I can understand what most deductions are, but just recently this went out for both
me and my partner but haven't got a clue, any body out there explain please????
CUOTA T. VISA ELE. 28 euros each

I understand all the bills, and bank charges, and non res tax certificate, etc, but this one I have no idea.
Thankyou.
N & J
 
Posts: 68
Joined: Tue Dec 06, 2016 10:45 pm
Which part of Spain are you from?: Quesada
Gender: Female

Re: Bank deductions????

Postby PeteKnight » Tue Mar 07, 2017 9:23 am

Looks like it could be the charges for your Visa Electron cards.

We have a joint account with Sabadell and when we set it up they explained that they charge for each debit card. As we only really use the card for ATM withdrawals and the odd purchase, we went for one card that we share.

Pete.
PeteKnight
 
Posts: 1468
Joined: Sun Oct 16, 2016 10:17 pm
Which part of Spain are you from?: Villamartin
Gender: Male

Re: Bank deductions????

Postby Jan » Tue Mar 07, 2017 9:50 am

Yes that sounds like it could be that as all banks charge a small yearly fee for cards in Spain with most bank accounts, but we kept both cards and good job we did as one time we arrived in Spain when the banks were closed and needed cash but one card wasn't working so luckily used the other one.

Apparently on all bank cards the magnetic strip can stop working after being near a mobile phone. The bank sorted it when they opened but it could have been a problem if we'd only had one card.

Jan
PS Looking at our last annual summary of interests Sabadell charged a total of 37 euros for the 2 cards in 2016.
Like us on Facebook to keep in touch: Facebook.com/TalkQuesada
User avatar
Jan
Site Admin
 
Posts: 11193
Images: 164
Joined: Mon Oct 17, 2011 8:34 pm
Which part of Spain are you from?: Lo Marabu Dona Pepa
Gender: Female

Re: Bank deductions????

Postby N & J » Tue Mar 07, 2017 11:47 am

Thankyou, for your reply, it's helped.
N & J
 
Posts: 68
Joined: Tue Dec 06, 2016 10:45 pm
Which part of Spain are you from?: Quesada
Gender: Female

Re: Bank deductions????

Postby Ian2009 » Tue Mar 07, 2017 12:18 pm

Jan wrote:Jan
PS Looking at our last annual summary of interests Sabadell charged a total of 37 euros for the 2 cards in 2016.



Jan - does that mean you pay 37 euros annually for your two cards - or is it a one off at the outset?
User avatar
Ian2009
 
Posts: 396
Joined: Wed Jan 11, 2017 9:43 am
Which part of Spain are you from?: Dońa Pepa
Gender: Male

Re: Bank deductions????

Postby Jan » Tue Mar 07, 2017 1:55 pm

Ian2009 wrote:
Jan wrote:Jan
PS Looking at our last annual summary of interests Sabadell charged a total of 37 euros for the 2 cards in 2016.



Jan - does that mean you pay 37 euros annually for your two cards - or is it a one off at the outset?



Yes, I put once a year, but it may be each time we get issued with the new cards. I just know it was on our 2016 annual statement of fees as a fee of 37 euros for "payment cards". It could be once a year though. We only pay 15 euros per quarter for maintenance of our joint current account.

Therefore the total 2016 annual statement for our account for fees was 60 euros maintenance and 37 euros for cards.(Much cheaper than some banks in Spain, who can charge for every transaction...ouch!) Although there can be better accounts, with Sabadell, but it depends if you are Resident, which we are not, and also if you have a lump sum paid in each month there may be no bank charges at all.
Like us on Facebook to keep in touch: Facebook.com/TalkQuesada
User avatar
Jan
Site Admin
 
Posts: 11193
Images: 164
Joined: Mon Oct 17, 2011 8:34 pm
Which part of Spain are you from?: Lo Marabu Dona Pepa
Gender: Female

Re: Bank deductions????

Postby Ian2009 » Tue Mar 07, 2017 2:54 pm

:text-goodpost:
User avatar
Ian2009
 
Posts: 396
Joined: Wed Jan 11, 2017 9:43 am
Which part of Spain are you from?: Dońa Pepa
Gender: Male

Re: Bank deductions????

Postby marcliff » Tue Mar 07, 2017 3:01 pm

If you're a resident with a monthly salary or pension paid in there are no charges and the first bank card is issued free. There is an annual cost for the second one, though.
And they take the charge every year regardless of how long the card lasts for.
The monthly pension payment deposit at Bankia is €200 a month.
User avatar
marcliff
 
Posts: 9694
Joined: Sat Mar 03, 2012 4:41 pm
Location: Doña Pepa 2
Which part of Spain are you from?: Dona Pepa 2
Gender: Male

Re: Bank deductions????

Postby brandyboy » Tue Mar 07, 2017 3:22 pm

Foolishly, I don´t check my statements unless I notice a strange movement in my balance.
I have just checked and Caixa have been charging my wife and I 3€uros each month for insurance on each of our cards. I have never signed up for any insurance, so I will be calling in there to discuss.
Does anybody else make this payment?
brandyboy
 
Posts: 675
Joined: Tue Oct 04, 2016 11:36 am
Which part of Spain are you from?: Quesada
Gender: Male

Re: Bank deductions????

Postby GrahamR » Wed Mar 08, 2017 12:14 am

We stay in Spain about 3-4 months a year. We were with friends tonight and talking about this subject. I am thinking of converting from a joint account at SabadellCam to a single account.
1) we pay EUR 25 each a year for a debit card (just to take out our own money).
2) every two years we pay for non residents declarations. We should be able to halve that.
3) then there seems to be some incidentals.
On another point, we took out house insurance cover for about EUR270 with the bank. I got a much cheaper quote elsewhere but apparently I was supposed to give the bank 2 months notice. So if u shop around make sure u give the bank plenty of notice.
As we do not have Sabadell credit cards, they are only using my money but I seem to be paying a lot of fees for the privelidge. I get excellent service from Sabadell but think it is worth the time to look at the costs and cut out unnecessary costs where you can.
In the U.K, I only pay a fee to Barclays of £11.50 per month to cover Car Breakdown, world wide medical cover and airline lounge passes. I do not pay for the use of debit or credit cards or any other fees.
I hope this helps.
GrahamR
 
Posts: 304
Joined: Sun Feb 19, 2017 10:56 pm
Which part of Spain are you from?: Dona Pepa 2
Gender: Male

Next






  • Similar Topics
    Replies
    Views
    Last post

Return to Banking and finances

 
 

Who is online

Users browsing this forum: No registered users and 1 guest

Login
Username:


Password:


Remember me


Forgot password?

Register now

Find in Quesada
What are you looking for in Quesada?: