Free Spanish Bank accounts for residents

[Johnrgby]

3) Sabadell - Expansión Account

With all these advantages:
Debit cash withdrawals. - Free cash withdrawals at an extensive ATM network.
Free debit and credit cards. - No maintenance or issuance fees.
No strings attached. - No need to directly deposit your payroll if you aged between 18 and 29.
No surprises. - If you are a pensioner,1 we advance the payment of your pension to the 25th of the month

We had an account with Sabadell as non residents and even the experience (Caleta branch) was superb, the yearly charges were horrendous. To keep the account fee free, you have to be aged between 18 & 29 or have monthly income of more than €700.
Link to the account: https://www.bancsabadell.com/cs/Satellit...994241/en/



Hope the really short list will be helpful and would appreciate if any of the residents here can comment on the accounts mentioned or add some new ones. Thank you all.

I am not sure you are correct on this one Sam we have an expansion account, and from quarter three last year they started charging €15 per quarter management fee, and we have always paid for the bank card something like €25/28 
annually please correct me if I am wrong

[Johnrgby]

Thanks for the feedback John.

Found this and can't get my head around it:

Conditions of the Expansión Account:


Maintenance and administration fee for the Expansión Account:

Maintenance Commission for the Expansión Account: €30/quarter. NIR yield 0%, APR: -4,714% APR, calculated for a case in which an average balance of €2,500 is constantly maintained for 1 year. Account administration or maintenance €0.80 per entry.

Refund of the administration and maintenance fees

These will be reimbursed if the account does not show any balance of under 0 euros at the end of the day during the settlement period, as follows: Maintenance fee: (€15/quarter). NIR yield 0%, APR -2,3785% APR, calculated for a case in which an average balance of €2,500 is constantly maintained for 1 year. Administration fee: €0 per entry.

Neither can I Sam, and I have a degree in applied Maths, I can see that if you go overdrawn you will pay €60 quarterly, otherwise it is €15 quarterly, and if you maintain a balance n excess of €2.500, but the yield % baffles me

[Captain Sensible]

We've got an Expansion Account with Solbank and have never paid any fees.

[Johnrgby]

We've got an Expansion Account with Solbank and have never paid any fees.

Neither had we Steven, ub=ntil 24 June last a €15 debit appeared and when I queried it iI was told " you were informed in quarter three of 2019, of a change in our terms and conditions, this charge reflects those changes" I would be interested to hear if you are not charged in the near future, your account could be on a different billing cycle to ours, I was not aware that maintaining a balance in excess of €2500 would negate this charge, I just might bring that amount from a savings account in the UK as it works out at over 1% which is twice the interest rate we get on that particular account in the UK, but I will wait and see if you get charged.

[TamaraEnLaPlaya]

I noticed the 15€ fees as well early this year, I hadn't seen anything about the 2500 minimum balance. Queried online and got prompt courteous reply but I'm still miffed. Never paid for cards though but occasional residents check up fee which also annoys me ☹️

[Johnrgby]

I noticed the 15€ fees as well early this year, I hadn't seen anything about the 2500 minimum balance. Queried online and got prompt courteous reply but I'm still miffed. Never paid for cards though but occasional residents check up fee which also annoys me ☹️

On checking with management, we do not pay for the card, as we only have one {Gues who,s name it is in?  }
But residents chek that's a new one on me,

[Captain Sensible]

I never have a balance of 2500 either!

[DavidP]

I have an online openbank account with Santander espana.
Only one free debit card but absolutely no charges.
Downside , a lot of messages about nothing,
Upside is that you get a confirmatory message when you spend something very quickly within minutes of doing so. annoying at times but if your card is lost or stolen and you did not know!!
You need to be tax resident.

Resident check:- I think is the mis named 2 yearly Police check, which the bank will do automatically if you have not told them you are resident or your bank ID is only your passport number

[TamaraEnLaPlaya]

Resident check:- I think is the mis named 2 yearly police check, which the bank will do automatically if you have not told them you are resident or your bank ID is only your passport number

I agree it's the 2 yearly Police check but I opened the account after I was resident and using my NIE etc. They told me the check takes place to make sure you are still resident.

[Lexeus]

I opened an account with OpenBank at the beginning of this year. So far they have been fantastic, Santander but purely online which is much better.

I ditched Bankia who are just crooks in fancy offices. The whole time I was with them in almost 5 years I always had some sort of free account, but they always ended up getting some sort of fee from me by changing the rules. 
The last straw was when I had to pay Bankia €150 to get my Money out of the bank; They told me I could get a bankers draft same day and I decided I wasn't going to risk that the same day I purchased my apartment, so I went 4 days before at which point they said they needed all sorts of paperwork for Money laundering regulations (no mention of this when I directly asked them about it a week before), and finally after meeting all their ever changing demands and it getting to the morning of my notario meeting, they told me the computer was having problems and they couldnt get it to print the bankers draft (not even with the bank manger on the phone to Madrid), I even told them I would accept it hand written becase it is only a cheque after all..... no the 'Only' option was to pay them for a bank of Spain instant transfer, I was livid and very nice until I got my Money at which point I promptly closed my account...