I have just queried a debit on my Sabadell account of €18 showing as commission/fees. After an online chat I found out that post Brexit we are now subject to a non EU transaction fee of 0.35%/€18 minimum on every transfer from the UK to our Spanish account.
Would be interested to know if a similar fee is being implemented by other banks. Thanks
3 users say Thank You to Nemo4 for this post
We use Transferwise, and it is my understanding that the transfer is done through an EU country may be Belgium?? so not subject to charges, when did you make the transfer? we did one last week no charges.
3 users say Thank You to Johnrgby for this post
Did transfer via TW couple of days ago, UK to Sabadell here. TW routed through Belgium, no fees. So, same as John.
3 users say Thank You to TamaraEnLaPlaya for this post
Ditto to JohnR and Tamara I have done 2 transfers via TransferWise this week as the pound was up at 1.139 / 1.14 (it is at 1.14397 8.30am Feb 5th) and no fees on my Sabadell account so far.
2 users say Thank You to windermeregolfer for this post
Just checked my BBVA account and no charges showing for my pension, albeit that comes in as euros, if it makes a difference.
2 users say Thank You to TrickyFox for this post
Just a thought! You say for UK clients, does that mean it's a non-resident's account? That might make the difference.
2 users say Thank You to TamaraEnLaPlaya for this post
It is a non-res account but we have been transferring over every month in euros for the last 8 years and this was the first time we have been charged since Brexit. So looks like we will be changing to Transferwise!!
2 users say Thank You to Nemo4 for this post
2 users say Thank You to TamaraEnLaPlaya for this post
I've been away from the forum for a while and didn't realise charges had been imposed - just tried to move e500 from Sabadell to
Revolut to convert back to £s - seem to be quoting e32 to make the transfer from Sabadell - last time (31st Dec) it was free, reading terms on the website seems free to EEA only - assume another hidden cost of Brexit? Am i missing something?
2 users say Thank You to Jason W for this post
WOW, I am Livid
Apparently, the branch manager never changed the ID number on my account from UK Passport to NIE.
And so in their systems, I remained as a Foreigner.
Bear in mind this is my business account here. Which was opened as such, and confirmed when I did my Autonomo registration.
Going through accounting now, and Dec 31st I see some strange charges.
Apparently, they moved me off the business account, onto the Relacion type.
And since 01.09.2020 I have been charged €30 / quarter... and €0.80 PER TRANSACTION.
THIS IS INSANE!!!
I have all my business Direct Debits, and Spanish DD coming out of this account.
Transactions in Janurary = 45 == €36 of fees.... + €10 for the account... = €46 for Jan.
Needless to say, this account is being closed immediately, and its time I started investigating which bank would be a viable alternative.
2 users say Thank You to McAdam for this post