https://fuerteventura.click/ Wed, 14 Oct 2026 03:20:47 +0000 MyBB https://fuerteventura.click/Thread-Seeking-UK-bank-account Thu, 09 Oct 2025 10:55:50 +0000 La Oliva Tom]]> https://fuerteventura.click/Thread-Seeking-UK-bank-account
We are permanently settled in Fuerteventura and have just sold our former home in the UK. We need to open another bank account in the UK to deposit part of the purchase price. Our current bank will have the maximum under the FSC bank compensation scheme, so don't want to put it in there. Any British residents who can recommend a UK bank that will open a easy access savings account for us ex-pats?

Thanks in anticipation.

Tom.]]>
We are permanently settled in Fuerteventura and have just sold our former home in the UK. We need to open another bank account in the UK to deposit part of the purchase price. Our current bank will have the maximum under the FSC bank compensation scheme, so don't want to put it in there. Any British residents who can recommend a UK bank that will open a easy access savings account for us ex-pats?

Thanks in anticipation.

Tom.]]> https://fuerteventura.click/Thread-GBP-to-Euro-exchange-Corralejo Wed, 01 Oct 2025 16:45:12 +0000 bookman451]]> https://fuerteventura.click/Thread-GBP-to-Euro-exchange-Corralejo https://fuerteventura.click/Thread-Inflated-price-of-bananas Fri, 23 May 2025 22:14:51 +0000 Sam]]> https://fuerteventura.click/Thread-Inflated-price-of-bananas HiperDino, €3.20 in Mercadona. Back in the UK, the price of bananas is still around £1, for bananas from Latin America. This made me wonder if something happened to the Canary farms. Does anyone has some info or a theory?

Any other fruit and veg seems to follow the standard inflation numbers, or at least I didn't notice a rapid change.]]> HiperDino, €3.20 in Mercadona. Back in the UK, the price of bananas is still around £1, for bananas from Latin America. This made me wonder if something happened to the Canary farms. Does anyone has some info or a theory?

Any other fruit and veg seems to follow the standard inflation numbers, or at least I didn't notice a rapid change.]]> https://fuerteventura.click/Thread-Withdraw-%E2%82%AC1-000-cash-in-Spain-and-risk-a-knock-from-the-taxman Mon, 12 May 2025 11:09:11 +0000 Sam]]> https://fuerteventura.click/Thread-Withdraw-%E2%82%AC1-000-cash-in-Spain-and-risk-a-knock-from-the-taxman no official cash withdrawal limit in Spain, but go over this threshold and the tax office may come knocking

Even in today’s world of contactless payments and Banking apps, plenty of people in Spain still use good old-fashioned cash. But if you’re regularly withdrawing large sums from ATMs, be warned: Spain’s tax authority, Hacienda, is watching.

While there’s no official cap on how much you can take out of your account, pulling more than €1,000 in a single operation could flag your activity to tax inspectors. And if you hit €3,000 or more, banks are legally required to report your transaction, potentially triggering a full investigation into where the Money came from — or what it’s being used for.

Large cash withdrawals in Spain draw tax authority attention

It’s a common myth in Spain that there’s a legal limit on how much cash you can withdraw. In reality, you’re free to take out whatever’s in your account, as long as the bank has enough physical cash available. But when your withdrawals start getting big, you may find yourself on Hacienda’s radar.

According to the Bank of Spain, banks must report any cash operation — withdrawal or deposit — of €1,000 or more. And for transactions of €3,000 or above, especially those involving €500 notes, a red flag is automatically raised and details are passed to the tax authorities.

This doesn’t mean you’re doing anything wrong — but if you can’t explain where the cash came from (or what it’s for), you could be facing some uncomfortable questions.

To stay on the safe side, banks often recommend you speak directly to a staff member and get a written record when handling large sums. That way, if an audit comes up later, you’ll have proof of the transaction’s legitimacy.
Why Spain’s tax agency monitors large ATM withdrawals

The answer’s simple: cash is harder to trace. Unlike card payments or online transfers, large amounts of physical Money can slip under the radar — making it a favourite tool for tax evasion, Money laundering and under-the-table payments.

That’s why Hacienda has been tightening its grip on high-cash transactions in recent years. Even if you’re using the cash for perfectly legal reasons, such as paying a tradesperson or giving a loan to a family member, you might still get caught up in an automated red flag system.

Banks also have their own security measures in place. Most ATMs have a daily withdrawal cap of €600, which helps prevent theft and fraud. If you need more, you can request a temporary limit increase from your bank — but again, that request may be logged and monitored.

And if you’re wondering how much cash you can legally carry on you in Spain, the law sets the upper limit at €100,000. Above that, the Police can step in and demand proof of the Money’s origin.
Keeping cash at home? There’s no legal limit – but keep the receipts

If you’d rather keep your savings under your mattress than in the bank, there’s no law stopping you — but if you’re ever asked to explain your finances (in an audit or Police check, for example), you’ll need to prove where that cash came from.

CaixaBank, one of Spain’s largest banks, confirms this in its client advice blog: “There is no legal limit on how much cash you can store at home, as long as you can demonstrate its origin if required.”

So, should you stop using cash altogether? Not necessarily. But if you’re taking out €1,000 or more in one go, prepare for scrutiny. And if you hit €3,000 or above, make sure you’ve got a paper trail — because Hacienda definitely will.

https://euroweeklynews.com/2025/05/01/wi...he-taxman/]]> no official cash withdrawal limit in Spain, but go over this threshold and the tax office may come knocking

Even in today’s world of contactless payments and Banking apps, plenty of people in Spain still use good old-fashioned cash. But if you’re regularly withdrawing large sums from ATMs, be warned: Spain’s tax authority, Hacienda, is watching.

While there’s no official cap on how much you can take out of your account, pulling more than €1,000 in a single operation could flag your activity to tax inspectors. And if you hit €3,000 or more, banks are legally required to report your transaction, potentially triggering a full investigation into where the Money came from — or what it’s being used for.

Large cash withdrawals in Spain draw tax authority attention

It’s a common myth in Spain that there’s a legal limit on how much cash you can withdraw. In reality, you’re free to take out whatever’s in your account, as long as the bank has enough physical cash available. But when your withdrawals start getting big, you may find yourself on Hacienda’s radar.

According to the Bank of Spain, banks must report any cash operation — withdrawal or deposit — of €1,000 or more. And for transactions of €3,000 or above, especially those involving €500 notes, a red flag is automatically raised and details are passed to the tax authorities.

This doesn’t mean you’re doing anything wrong — but if you can’t explain where the cash came from (or what it’s for), you could be facing some uncomfortable questions.

To stay on the safe side, banks often recommend you speak directly to a staff member and get a written record when handling large sums. That way, if an audit comes up later, you’ll have proof of the transaction’s legitimacy.
Why Spain’s tax agency monitors large ATM withdrawals

The answer’s simple: cash is harder to trace. Unlike card payments or online transfers, large amounts of physical Money can slip under the radar — making it a favourite tool for tax evasion, Money laundering and under-the-table payments.

That’s why Hacienda has been tightening its grip on high-cash transactions in recent years. Even if you’re using the cash for perfectly legal reasons, such as paying a tradesperson or giving a loan to a family member, you might still get caught up in an automated red flag system.

Banks also have their own security measures in place. Most ATMs have a daily withdrawal cap of €600, which helps prevent theft and fraud. If you need more, you can request a temporary limit increase from your bank — but again, that request may be logged and monitored.

And if you’re wondering how much cash you can legally carry on you in Spain, the law sets the upper limit at €100,000. Above that, the Police can step in and demand proof of the Money’s origin.
Keeping cash at home? There’s no legal limit – but keep the receipts

If you’d rather keep your savings under your mattress than in the bank, there’s no law stopping you — but if you’re ever asked to explain your finances (in an audit or Police check, for example), you’ll need to prove where that cash came from.

CaixaBank, one of Spain’s largest banks, confirms this in its client advice blog: “There is no legal limit on how much cash you can store at home, as long as you can demonstrate its origin if required.”

So, should you stop using cash altogether? Not necessarily. But if you’re taking out €1,000 or more in one go, prepare for scrutiny. And if you hit €3,000 or above, make sure you’ve got a paper trail — because Hacienda definitely will.

https://euroweeklynews.com/2025/05/01/wi...he-taxman/]]> https://fuerteventura.click/Thread-Alternatives-To-Wise-For-Moving-Money Wed, 20 Dec 2023 18:51:26 +0000 Tardis]]> https://fuerteventura.click/Thread-Alternatives-To-Wise-For-Moving-Money Money transfers for the last 10 years.

At the end of November I received an email from Wise asking me to verify my identity by 6 December or my account would be suspended. After 12 failed attempts to verify it on my smartphone and also uploading various documents I am locked out of my account. I’ve had several emails and phone calls with Wise that contradict one another. They said they would “escalate” my problem and I would hear back from them within 48 hours. Eight days on and I’m still waiting to hear from them!

Their customer support has been pathetic. The staff are poorly trained or incompetent.

I dread to think what customer support would be like if a Money transfer went astray.

Any recommendations for an alternative Money transfer company would be appreciated.]]> Money transfers for the last 10 years.

At the end of November I received an email from Wise asking me to verify my identity by 6 December or my account would be suspended. After 12 failed attempts to verify it on my smartphone and also uploading various documents I am locked out of my account. I’ve had several emails and phone calls with Wise that contradict one another. They said they would “escalate” my problem and I would hear back from them within 48 hours. Eight days on and I’m still waiting to hear from them!

Their customer support has been pathetic. The staff are poorly trained or incompetent.

I dread to think what customer support would be like if a Money transfer went astray.

Any recommendations for an alternative Money transfer company would be appreciated.]]> https://fuerteventura.click/Thread-Maria-or-Martina-still-at-Sabadell-Atlantico Wed, 23 Aug 2023 13:04:40 +0000 Ducks]]> https://fuerteventura.click/Thread-Maria-or-Martina-still-at-Sabadell-Atlantico
Been a few years since I've had to email them, but looking for an English speaker to handle some queries I have and would appreciate any info, thank you!  ]]>
Been a few years since I've had to email them, but looking for an English speaker to handle some queries I have and would appreciate any info, thank you!  ]]> https://fuerteventura.click/Thread-Advice-on-Spanish-wills-for-UK-residents-in-Spain Tue, 07 Mar 2023 15:09:40 +0000 Bill]]> https://fuerteventura.click/Thread-Advice-on-Spanish-wills-for-UK-residents-in-Spain Folks, hopefully I can offer something useful back now instead of just asking questions!

There seems to be a lot of confusion over succession laws i.e. who you can leave Money to in your will. This is known legally as 'freedom of testamentary disposition'.

In Spain, there is no such freedom by default, and children and the spouse of the deceased can be the 'forced heirs' of the deceased.  Because of this, even if you make a will in Spain when resident here, you may only be able to determine the beneficiaries of one third of your estate in Spain e.g. for your spouse if you have 2 children.

We were told by a local community company that if you specify a particular person - like your spouse - in your Spanish will, to receive all your assets on death, this would supersede normal Spanish succession laws.  This is NOT true!  I have now researched 4 different law firms guides to inheritance and had the situation confirmed to me by a local tax advisor who I trust 100%.  Simply stating that you want to leave your assets to someone will not supersede Spanish succession laws. The advice is that you must state in the will that you want your estate to be distributed according to UK law which has 'freedom of testamentary disposition' (or your other native country as appropriate).

They also stress to have a Spanish will for Spanish property to avoid all documents having to be translated and apostilled if the will is in the UK, and lawyers here searching for the will in the UK (where of course there is no central system for holding wills like there is here). If you do have a UK and Spanish will, then make sure they reference each other.

Happy to be corrected of course if anyone knows differently. Though I guess I would say, why wouldn't you put that line in your will anyway?!]]> Folks, hopefully I can offer something useful back now instead of just asking questions!

There seems to be a lot of confusion over succession laws i.e. who you can leave Money to in your will. This is known legally as 'freedom of testamentary disposition'.

In Spain, there is no such freedom by default, and children and the spouse of the deceased can be the 'forced heirs' of the deceased.  Because of this, even if you make a will in Spain when resident here, you may only be able to determine the beneficiaries of one third of your estate in Spain e.g. for your spouse if you have 2 children.

We were told by a local community company that if you specify a particular person - like your spouse - in your Spanish will, to receive all your assets on death, this would supersede normal Spanish succession laws.  This is NOT true!  I have now researched 4 different law firms guides to inheritance and had the situation confirmed to me by a local tax advisor who I trust 100%.  Simply stating that you want to leave your assets to someone will not supersede Spanish succession laws. The advice is that you must state in the will that you want your estate to be distributed according to UK law which has 'freedom of testamentary disposition' (or your other native country as appropriate).

They also stress to have a Spanish will for Spanish property to avoid all documents having to be translated and apostilled if the will is in the UK, and lawyers here searching for the will in the UK (where of course there is no central system for holding wills like there is here). If you do have a UK and Spanish will, then make sure they reference each other.

Happy to be corrected of course if anyone knows differently. Though I guess I would say, why wouldn't you put that line in your will anyway?!]]> https://fuerteventura.click/Thread-Canary-Island-Pensions-increase Wed, 25 Jan 2023 19:11:53 +0000 TamaraEnLaPlaya]]> https://fuerteventura.click/Thread-Canary-Island-Pensions-increase This relates to Spanish/Canarian pensions - not UK pensions paid to Ex Pat Residents.

Radio Sintonia:

Pensions increase by 98 euros on average in the Canary Islands.

As transferred by the Government Delegation in the Canary Islands, the average retirement pension in the Canary Islands will increase from this month by 98.08 euros, after the revaluation of 8.5% for this 2023 of pensions according to the Consumer Price Index (CPI) approved by the Government of Spain in compliance with Law 21/2021.

 

According to data from the Ministry of Inclusion, Social Security and Migration, this increase raises to 1,263.40 euros the average retirement pension in 2023 in the Canary Islands, 1,280.10 euros in the province of Las Palmas and 1,243.23 euros in Santa Cruz de Tenerife, and compared to the 1,036.34 euros on average charged by retired people in the archipelago in 2018.

The average monthly pension stands at 1,082.53 euros in the Canary Islands, which represents an increase of 9.47% more than the previous year.

"This increase is nothing but the materialization of the commitment to maintain the purchasing power of pensioners as an unbreakable right, even and, above all, in the most complicated circumstances, such as the current level of inflation caused by the war initiated by the regime of Vladimir Putin," says the Government delegate in the Canary Islands, Anselmo Pestana.

More than 300,000 pensioners in the Canary Islands As of January 1, 2023, the Social Security system had 350,321 pensions in the Canary Islands
(corresponding to 326,553 pensioners), of which 14,280 receive the complement of contributory pensions for the reduction of the gender gap.
In addition, according to data as of January 1 of this year, 97,516 pensions in the Canary Islands (27.8% of the total) are increased by the minimum supplement, the complementary amount that is added to the amount of the pension, in its contributory modality, when it does not reach the legally established minimum.]]> This relates to Spanish/Canarian pensions - not UK pensions paid to Ex Pat Residents.

Radio Sintonia:

Pensions increase by 98 euros on average in the Canary Islands.

As transferred by the Government Delegation in the Canary Islands, the average retirement pension in the Canary Islands will increase from this month by 98.08 euros, after the revaluation of 8.5% for this 2023 of pensions according to the Consumer Price Index (CPI) approved by the Government of Spain in compliance with Law 21/2021.

 

According to data from the Ministry of Inclusion, Social Security and Migration, this increase raises to 1,263.40 euros the average retirement pension in 2023 in the Canary Islands, 1,280.10 euros in the province of Las Palmas and 1,243.23 euros in Santa Cruz de Tenerife, and compared to the 1,036.34 euros on average charged by retired people in the archipelago in 2018.

The average monthly pension stands at 1,082.53 euros in the Canary Islands, which represents an increase of 9.47% more than the previous year.

"This increase is nothing but the materialization of the commitment to maintain the purchasing power of pensioners as an unbreakable right, even and, above all, in the most complicated circumstances, such as the current level of inflation caused by the war initiated by the regime of Vladimir Putin," says the Government delegate in the Canary Islands, Anselmo Pestana.

More than 300,000 pensioners in the Canary Islands As of January 1, 2023, the Social Security system had 350,321 pensions in the Canary Islands
(corresponding to 326,553 pensioners), of which 14,280 receive the complement of contributory pensions for the reduction of the gender gap.
In addition, according to data as of January 1 of this year, 97,516 pensions in the Canary Islands (27.8% of the total) are increased by the minimum supplement, the complementary amount that is added to the amount of the pension, in its contributory modality, when it does not reach the legally established minimum.]]> https://fuerteventura.click/Thread-CGT-in-Puerto-del-Rosario Wed, 28 Dec 2022 19:02:16 +0000 TamaraEnLaPlaya]]> https://fuerteventura.click/Thread-CGT-in-Puerto-del-Rosario Noticias:

Puerto del Rosario will rebate 95% in capital gains tax.

The Plenary Session of the City Council of Puerto del Rosario has approved in ordinary session, in this month of December, the final approval of the Ordinance Regulating the Tax on the Increase in the Value of Urban Land.

 

Specifically, a series of modifications and changes have been carried out in this Ordinance Regulating the Value Tax on Urban Land (capital gains), which will introduce tax credits and reductions in certain scenarios, depending on the cadastral value of the land, giving special importance to vulnerable population groups, taking into account the different cadastral sections.

 

Therefore, the modifications made to the ordinance reflect the intention of the municipal institution to seek to prioritize in an equitable way the distribution of wealth, protecting neighbors who have a situation of fragility, wanting to apply the greatest possible bonus to the transmissions of habitual homes with 80% and 95% to those inheritances of habitual homes in favor of descendants or adopted persons, ascendants or adoptive parents or spouses who are in a vulnerable situation such as: pensioners, unemployed, people with disabilities, victims of gender violence or under 30 years of age.

 

The mayor of the capital, Juan Jiménez, stressed that "with this measure we come to adapt and take into account the different situations that people have, during these transmission processes, taking them into account is social justice and more in the inflationary era in which we are immersed. This ordinance will be a tax relief for many families in the municipality."

 
For the Councilor for Economy and Finance, Juan Manuel Verdugo, pointed out that "among the main reasons for the modification of the Ordinance is to give unity in the tax regulations, complying with the principle of economic capacity, approved by Royal Legislative Decree 2/2004, of March 5, in addition to contemplating different scenarios in which a person can be found and that sometimes can make it very difficult to pay the tax ", Adds.
]]> Noticias:

Puerto del Rosario will rebate 95% in capital gains tax.

The Plenary Session of the City Council of Puerto del Rosario has approved in ordinary session, in this month of December, the final approval of the Ordinance Regulating the Tax on the Increase in the Value of Urban Land.

 

Specifically, a series of modifications and changes have been carried out in this Ordinance Regulating the Value Tax on Urban Land (capital gains), which will introduce tax credits and reductions in certain scenarios, depending on the cadastral value of the land, giving special importance to vulnerable population groups, taking into account the different cadastral sections.

 

Therefore, the modifications made to the ordinance reflect the intention of the municipal institution to seek to prioritize in an equitable way the distribution of wealth, protecting neighbors who have a situation of fragility, wanting to apply the greatest possible bonus to the transmissions of habitual homes with 80% and 95% to those inheritances of habitual homes in favor of descendants or adopted persons, ascendants or adoptive parents or spouses who are in a vulnerable situation such as: pensioners, unemployed, people with disabilities, victims of gender violence or under 30 years of age.

 

The mayor of the capital, Juan Jiménez, stressed that "with this measure we come to adapt and take into account the different situations that people have, during these transmission processes, taking them into account is social justice and more in the inflationary era in which we are immersed. This ordinance will be a tax relief for many families in the municipality."

 
For the Councilor for Economy and Finance, Juan Manuel Verdugo, pointed out that "among the main reasons for the modification of the Ordinance is to give unity in the tax regulations, complying with the principle of economic capacity, approved by Royal Legislative Decree 2/2004, of March 5, in addition to contemplating different scenarios in which a person can be found and that sometimes can make it very difficult to pay the tax ", Adds.
]]> https://fuerteventura.click/Thread-ATM-charges-Wise-Starling-Halifax-Clarity Sun, 04 Dec 2022 14:20:22 +0000 FVmouse]]> https://fuerteventura.click/Thread-ATM-charges-Wise-Starling-Halifax-Clarity
Have all three of the above. Never used either of the first two at Spanish ATMs. 

What is the cheapest way of getting cash from these options (ie excluding Spanish banks) ? Obviously the first two require a € balance whereas the last one does the MasterCard conversion over to £. But ignoring that, which card and which ATM charges the least ? Is Banca March still going in Corralejo or Caleta and is that still free ? It certainly used to be for Halifax Clarity a couple of years back....

I’m not fully up to speed with current ATM charges so many thanks for any info. 

FVMouse]]>
Have all three of the above. Never used either of the first two at Spanish ATMs. 

What is the cheapest way of getting cash from these options (ie excluding Spanish banks) ? Obviously the first two require a € balance whereas the last one does the MasterCard conversion over to £. But ignoring that, which card and which ATM charges the least ? Is Banca March still going in Corralejo or Caleta and is that still free ? It certainly used to be for Halifax Clarity a couple of years back....

I’m not fully up to speed with current ATM charges so many thanks for any info. 

FVMouse]]> https://fuerteventura.click/Thread-UK-Private-pensions-paid-direct-to-Spanish-bank-account-charges Mon, 03 Oct 2022 20:38:51 +0000 TamaraEnLaPlaya]]> https://fuerteventura.click/Thread-UK-Private-pensions-paid-direct-to-Spanish-bank-account-charges Just wondering, does anyone get a private pension from the UK paid directly into their Spanish bank account and if so, what exchange rate is used (good/bad/indifferent) and do you get charged for this service?
I've enquired with one pension scheme - they use current 'bank exchange rate' and want to charge £20 for each transfer. This would leave me much worse off than receiving the Money into UK account and transferring via Wise.
Thanks for any info - please don't give personal details etc - just generalisations.]]> Just wondering, does anyone get a private pension from the UK paid directly into their Spanish bank account and if so, what exchange rate is used (good/bad/indifferent) and do you get charged for this service?
I've enquired with one pension scheme - they use current 'bank exchange rate' and want to charge £20 for each transfer. This would leave me much worse off than receiving the Money into UK account and transferring via Wise.
Thanks for any info - please don't give personal details etc - just generalisations.]]> https://fuerteventura.click/Thread-Wise-account-or-problem Fri, 04 Mar 2022 12:00:06 +0000 classic]]> https://fuerteventura.click/Thread-Wise-account-or-problem https://fuerteventura.click/Thread-La-Caixa-direct-debits Thu, 17 Feb 2022 19:13:13 +0000 cjm]]> https://fuerteventura.click/Thread-La-Caixa-direct-debits
Has anyone managed to cancel a direct debit on their La Caixa account? Can't find it anywhere on the website or app. I think they're getting the boot in favour of BBVA soon.

Best regards]]>
Has anyone managed to cancel a direct debit on their La Caixa account? Can't find it anywhere on the website or app. I think they're getting the boot in favour of BBVA soon.

Best regards]]> https://fuerteventura.click/Thread-Which-bank-is-best-for-Corralejo Mon, 07 Feb 2022 18:40:36 +0000 Bill]]> https://fuerteventura.click/Thread-Which-bank-is-best-for-Corralejo
First question on the Forum so my apologies if this has been asked before, but I genuinely can't see a recent thread. We are moving to Lajares and want to sign up with a bank in Corralejo. People seem to recommend Sabadell for their online Banking and general friendliness. Would that be a good call? And also - which type of account have people got experience of?  It will be for UK pensions in, and general admin expenses and occasional use of ATMs.

TIA.
Bill]]>
First question on the Forum so my apologies if this has been asked before, but I genuinely can't see a recent thread. We are moving to Lajares and want to sign up with a bank in Corralejo. People seem to recommend Sabadell for their online Banking and general friendliness. Would that be a good call? And also - which type of account have people got experience of?  It will be for UK pensions in, and general admin expenses and occasional use of ATMs.

TIA.
Bill]]> https://fuerteventura.click/Thread-BBVA-free-banking-account Sun, 06 Feb 2022 14:46:02 +0000 Cotillo_Tom]]> https://fuerteventura.click/Thread-BBVA-free-banking-account Banking accounts to residents and non-resdents. It is all online. It is very simple to switch over, you need your TIE or passport and a full face picture to upload when you complete the online application form.  The last stage of the application is a videocall to the bank, where you are asked to show the TIE or passport and your own face. If they need any documents, it says they send a courier to collect them (but we were not asked for any).

BBVA will manage the switch for you, transferring any direct debits or regular credits and closing your present account, if you want to close it.  You get a debit card, two if a joint account. The date is agreed with you fir the switch, usually 4 to 6 weeks time, so they can notify all your regular payees. 

We were paying €160 (€40 per quarter) to Sabadell and Caxia charge €140 a year!

I've been wanting to move banks for ages, but the thought of contacting electricity, water, telephone suppliers plus the council to do new direct debits put me off. 

I'm not on commission despite the fact that as an existing customer there are rewards for referrals! 

We did all the online stuff in under an hour and our new account goes live in about a month.  

Good luck.  

Tom.]]> Banking accounts to residents and non-resdents. It is all online. It is very simple to switch over, you need your TIE or passport and a full face picture to upload when you complete the online application form.  The last stage of the application is a videocall to the bank, where you are asked to show the TIE or passport and your own face. If they need any documents, it says they send a courier to collect them (but we were not asked for any).

BBVA will manage the switch for you, transferring any direct debits or regular credits and closing your present account, if you want to close it.  You get a debit card, two if a joint account. The date is agreed with you fir the switch, usually 4 to 6 weeks time, so they can notify all your regular payees. 

We were paying €160 (€40 per quarter) to Sabadell and Caxia charge €140 a year!

I've been wanting to move banks for ages, but the thought of contacting electricity, water, telephone suppliers plus the council to do new direct debits put me off. 

I'm not on commission despite the fact that as an existing customer there are rewards for referrals! 

We did all the online stuff in under an hour and our new account goes live in about a month.  

Good luck.  

Tom.]]>