Talk Quesada forum

jpeg wrote:Free banking with Sabadell is now only given if you have a qualifying product with the bank like investments or insurance does not matter how much you transfer each month

Not quite true jpeg, we have no other products but do have 1 UK state pension paid in directly every 4 weeks and we get free banking with Sabadell; as long as the minimum amount debited is 700 euros per month, which is why we do a top up each month.

https://www.bancsabadell.com/cs/Satelli ... 505022/en/

Additional advantages

If you are between 18 and 29 years old, the maintenance fee will be 0 euros, if the account has a positive balance. NIR yield 0%, APR 0%.
If you directly deposit your pension ¹, the maintenance fee will be 0 euros, if the account has a positive balance. NIR yield 0%, APR 0%.

Application to change direct payment of salaryIf the account has a balance of less than €0 during the settlement period, the following maintenance and administration fees will apply:
• Maintenance Commission for the Expansión Account: €30 a quarter Yield: NIR 0%, APR: -4,714%, calculated for a case in which an average balance of €2,500 is continuously maintained for 1 year. The account is settled on a quarterly basis.
• Account administration fee: €0.80 per entry.

Needed to transfer 200 euro from Sabadell to UK account they wanted to charge 33.35.Never had to pay any charges as state pension always exceeds the 700euro month limit. Eventually paid from my NatWest ac so no charge.

Sabadell also charged me €33.35 yesterday to transfer to Uk bank.
Not sure if this is because we are no longer in the Eu.

Why not use transferwise.

Espanabums wrote:

jpeg wrote:Free banking with Sabadell is now only given if you have a qualifying product with the bank like investments or insurance does not matter how much you transfer each month

Not quite true jpeg, we have no other products but do have 1 UK state pension paid in directly every 4 weeks and we get free banking with Sabadell; as long as the minimum amount debited is 700 euros per month, which is why we do a top up each month.

https://www.bancsabadell.com/cs/Satelli ... 505022/en/

Additional advantages

If you are between 18 and 29 years old, the maintenance fee will be 0 euros, if the account has a positive balance. NIR yield 0%, APR 0%.
If you directly deposit your pension ¹, the maintenance fee will be 0 euros, if the account has a positive balance. NIR yield 0%, APR 0%.

Application to change direct payment of salaryIf the account has a balance of less than €0 during the settlement period, the following maintenance and administration fees will apply:
• Maintenance Commission for the Expansión Account: €30 a quarter Yield: NIR 0%, APR: -4,714%, calculated for a case in which an average balance of €2,500 is continuously maintained for 1 year. The account is settled on a quarterly basis.
• Account administration fee: €0.80 per entry.

Steve This state there is a maintenance and admin fee of 30Euro per quarter and admin fee of 0.80 euro per entry

Insurance or investment required at BankSabadell.
I changed bank because of this .
I moved to bankinter. No charges and interest on 1st 5000€ you have in your account
Bank Sabadell have since closed the branch near me at the euro Marina head office .

andywyatt wrote:Why not use transferwise.

Andy Wyatt,
I’m into same situation as others regarding Sabadell bank charges for moving money to and from my account to UK.
Can you advise what charges if any, are made by Transferwise to get my transfers done without Sabadell costs.
Apparently if you can avoid the GB Prefix appearing on the IBAN No. receipt at Sabadell, they won’t charge any fees. i.e. Must be an EU country prefix.
Any help/advice appreciated.

I haven't used TransferWise yet but they assured me that they use an EU IBAN number. My current transfer company tell me that Sabadell are contravening European law as the UK is still part of the single European payment system SEPA. I expect Sabadell to refute this!!

El Stevo
if you log on to transferwise and enter the amt you want to transfer it will give you the rate and their commission charges.