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Re: Non resident bank accounts
Posted:
Mon Dec 27, 2021 7:20 pmby Paul Uden
ozzysteeve wrote:crazychris wrote:Can you use the Wise debit card to withdraw cash from an ATM in Spain ?. They usually charge you
I ditched Caixa in favour of the Wise acc for which i got a debit card in the post. Ive transfered all my DD to it..Iberdrola was the easiest. Hidraqua the most difficult but got it done in person in the end.
I was recommended on here to try BBVA in Rojales for my withdrawals. I did that but was charged 6 euros for the pleasure. Im hoping going forward someone on here can recommend another place to try without incurring this charge. All in all im happy i did it..
Regards
I guess that is because your card is registered to your UK address. Charges for UK cards have gone up since Brexit. Ask Wise to send a replacement card to your Spanish address and your withdrawals at BBVA will be free of ATM charges. I did advise you about that, and warn of the €6 charge, on the thread you started last month.
Re: Non resident bank accounts
Posted:
Tue Dec 28, 2021 1:00 amby stu and maz
We also have non resident Hola account at Caixa in 2 names also with debit card. Our fees for 2021 is 96 euros. All direct debits come out of there. Never had a problem with them in the 10 years we've had the account.
Re: Non resident bank accounts
Posted:
Tue Dec 28, 2021 10:31 amby cdavey
I transferred to Cajamar - no charges as long as you only have their cash card (free withdrawals from their ATMs). I use Starling for card purchases - top up from UK bank instantly and top rate of exchange.
Re: Non resident bank accounts
Posted:
Tue Dec 28, 2021 11:59 amby crazychris
Thank you for all your help . I will look into Wise.
Another friend of mine has told me he has no Spanish account at all . He pays his utility bills and SUMA directly via on line accounts and pays using a Halifax credit card. No charges whatsoever. Also uses same card to withdraw cash in Spain .
Re: Non resident bank accounts
Posted:
Tue Dec 28, 2021 5:17 pmby Barry martyn
crazychris wrote:Thank you for all your help . I will look into Wise.
Another friend of mine has told me he has no Spanish account at all . He pays his utility bills and SUMA directly via on line accounts and pays using a Halifax credit card. No charges whatsoever. Also uses same card to withdraw cash in Spain .
he wont get as good an exchange rate as wise
Re: Non resident bank accounts
Posted:
Tue Dec 28, 2021 8:53 pmby SWT
I think that some people forget the fact that all banks are a business and that's how they make there money by charges.
Re: Non resident bank accounts
Posted:
Wed Dec 29, 2021 10:25 amby Redwoodsman
SWT wrote:I think that some people forget the fact that all banks are a business and that's how they make there money by charges.
Very true ….. a fair service at at a fair price is good ….. and like all businesses they may respond to a good kicking from their customers if the charges are judged unreasonable or the service they provide is judged as being poor
Re: Non resident bank accounts
Posted:
Wed Dec 29, 2021 10:52 amby crazychris
SWT wrote:I think that some people forget the fact that all banks are a business and that's how they make there money by charges.
But 225 euros a year in charges is excessive and a rip off. Banks make plenty of profit investing our money at preferential rates.
Re: Non resident bank accounts
Posted:
Wed Dec 29, 2021 10:55 amby Dave c
I'm with caixa and I get charged 35 euros a quarter not 96 a year
Re: Non resident bank accounts
Posted:
Wed Dec 29, 2021 12:59 pmby SWT
crazychris wrote:SWT wrote:I think that some people forget the fact that all banks are a business and that's how they make there money by charges.
But 225 euros a year in charges is excessive and a rip off. Banks make plenty of profit investing our money at preferential rates.
Been banking with Caxia now for a few years and never paid any charges it depends what account and the amount of money you have with them.