Bank charges advice

Hello, new to this page,
I have been reading some of the discussions about non residents bank charges. We are currently going through the property process. We have no mortgage, so do we really need a bank account, after our property has been paid for. Wouldn’t it better more economical to go through a currency converter or by direct debit from an Uk Bank account?
Regards and keep safe.

1cupoftea wrote:Hello, new to this page,
I have been reading some of the discussions about non residents bank charges. We are currently going through the property process. We have no mortgage, so do we really need a bank account, after our property has been paid for. Wouldn’t it better more economical to go through a currency converter or by direct debit from an Uk Bank account?
Regards and keep safe.

Not so sure about direct debits from a UK account, but if you use Wise you can convert your sterling to euros, set up your direct debits, use their card to make payments wherever possible, and you can withdraw around €230 cash for free each month.

We purchased 2018 no mortgage but was told we needed Spanish account to complete... Hola non res account was 24e per qtr now 35 with Caixa.

We only use it for DD for bills.

They were asking about after they've completed the purchase. You don't need one either by the sound of it. Look at Wise: https://wise.com/gb/multi-currency-acco ... ng-started

Thank you for your recommendations, it is appreciated.