Revolut - possibly the best card to use in Fuerteventura

[Jason W]

I was looking to open an account with Sabadell when next over, for the convenience of paying monthly costs on our soon to be purchased property - is it easier enough to run a Revolut account to do this, say transfer in a few hundred Euros per month, set up DD's, make a simple BACS payment etc and leave a bit of spare cash to draw from the ATM when on the Island? It sounds a lot better than a conventional bank account.

[FVmouse]

Thanks Sam. This thread is of interest to me so please keep up the info. 

I was also sick of paying Sabadell so last year moved elsewhere. But I am seriously considering Revolut as a further option in due course.

How do you set up a DD with Revolut ? What is in place of the IBAN number ? 

Like you, issues around cash withdrawals are of less interest to me than the ability to fund the account electronically and then to pay all the usual bills electronically. I am in La Oliva so wonder if my council has the same legacy systems as Antigua preventing council tax payments from Revolut ?

I suppose the only time an issue might arise would be selling / buying a property but that’s hardly a daily occurrence. Are there any other times when the authorities require non-residents to have a traditional bank account rather than one of these new digital payment methods ?

Thanks for any info.

[TamaraEnLaPlaya]

Oliva is running the new system already and to set the DD you would have to pop to your Council or possibly to do online if you have your Digital Certificate but I'm not sure about the second route. Tamara or Cotillo Tom would probably know an answer to that.

Sorry, can't add anything here as my DDs were in place before I got my Digital Certificate.

Interesting thread Sam.

[TrickyFox]

I just had a reminder on my phone about another payment leaving my Revolut account - our monthly maintenance.
Yep, as I've mentioned this earlier (in another thread), we have managed to get rid of traditional bank account on the island and are using Revolut only. Still not having DD set with the Ayuntamiento but that's "due to the old system" they're running in Antigua. I'm sure we'll sort this out too in the future.

We weren't happy about the fees we had to pay for the privilege of keeping our money with Sabadell. We might be just spoiled by the banks in the UK paying us for banking with them but we simply didn't feel the need for having a traditional Spanish bank account any more.

Anyway, I felt like Revolut deserves a tread where we can keep all the info anyone who's looking to drop their bank can ask any questions.

We have an online account with BBVA, totally free. Only downside is there is no branch in Caleta. Still, a trip to Gran Tarajal, PDR or Corralejo means a good excuse for a meal out.

[TrickyFox]

We have an online account with BBVA, totally free. Only downside is there is no branch in Caleta. Still, a trip to Gran Tarajal, PDR or Corralejo means a good excuse for a meal out.

Totally free for residents, TF.  

I did wonder - I admit I hadn't checked

[Cotillo_Tom]

La Olivia is running the new system already and to set the DD you would have to pop to your Council or possibly to do online if you have your Digital Certificate but I'm not sure about the second route. Tamara or Cotillo Tom would probably know an answer to that.

As far as I know, you don't need on line access or a Digital Certificate in order to set up a direct debit for IBI(U) or any other payment. You simply visit the offices in Corralajo and provide them with the bank information. 

In May, I did notice that Sabadell had a notice saying they were no longer able to set up DD for La Olivia, you had to visit the council. 

Hope that helps. 

Tom

[Archer]

I'm another joining the list of dissatisfied Spanish bank customers. Banca March just took another €50 from my account on top of the €8/month.

Sam, do you pay for you car tax, IBI, house & car insurance, with Revolut? And do they give you cards for petrol, restaurants and shopping? (Yes, answered this myself - opened account and verified in 10mins. Card sent for free)

And do you get an account number and IBAN like other banks? (Yes, you have your own account number, sort code and IBAN) Where is the 'bank address', when you get asked?

Maybe I'll give it a go.

Thanks

[Spitfire58]

You can’t use Revolut to set up DD’s. I have just tried. You can use it to pay a bill by transfer but DD’s are not allowed unfortunately ☹️☹️ Was trying to come up with an option to get rid of our Spanish account but not going to happen yet ☹️☹️

[Spitfire58]

I contacted Revolut to find out. It was them that told me it wasn’t possible “yet” to do DD’s. Just going on that info ☹️☹️

[Spitfire58]

I will call them again. I did see that Sam but not what they said !! 🤔🤔