However, you’ll get a number of complementary services that are great if you’re new to the country. The Basic Payment Account is a euro-denominated account for personal and non-professional use by individuals of legal age. Opening a bank account in Spain is relatively easy, however, you will need to decide whether to open a non-resident bank account or one for residents. CaixaBank, first Spanish bank to enable non-residents to open an account and apply for a mortgage online. A document proving your employment status. Talk Quesada is free to sign up and use so register below! How To Open a Bank Account in Spain as a Non-Resident. Not sure what! Conditions: The Cuenta Mundo for non-residents is a non-interest bearing current account1 with a maintenance fee of € 10 per month (NIR 0%; APR: -0.82% ). Proof of home address, ie a recent utility bill or your Padron. The non-resident bank account. If you are a resident of Spain, you have to pay 21% on the interest gained on your savings. We are with Sabadell, and if we take out insurance with them car/house etc they will waver the charge. If you are not a resident in Spain, you do not have to pay any tax on interest which is paid out to you. Compatible with direct debit arrangements to pay all kinds of bills, as well as the direct depositing of your salary. They are available from Spanish police stations, or the bank will get it for you at a cost of around €15. This confirms that you are non-resident. If at any time you wish to change to a resident’s account, you can do so. Therefore, we still recommend them as the easiest account to open when just landed, but recommend ING or EVO for banking further down the road. To open a resident’s account, you will need: It is possible to open both types of bank account online, but you may find it easier to visit the branch of your chosen bank in person. For this, you may need to provide a certificate of non-residency . 18448-2020-5555. Have had this account approx 2 years with no charges. As a non-resident, you are not required to pay certain taxes. We bank with Sabadell and have each been charged 30.25 Euros for Commission/fees Peticion Cert and a further Euros7.03 for the non residents authorisation charge. And you can always switch over to a resident account should you decide to make your stay in Spain more permanent – simply make an appointment at your local branch and ensure you have the necessary documentation. This is mainly for tax purposes. However, it’s worth asking whether your chosen bank can complete the process for you, for which they may charge a fee of around €15. ... We offer a personalised service with products to meet all your non-resident needs and help you keep your finances in order. current accounts (sight deposit). As a non-resident, you have to sign a tax declaration every two years which means you are exempt from paying taxes. business accounts. Opening a bank account in Spain is relatively easy, however, you will need to decide whether to open a non-resident bank account or one for residents. I'm afraid nearly all the banks have stuck charges on their accounts and it has been discussed on this site many times. That said, la Caixa has been alright although they do assess quarterly fees of about 5 euros on our non-residents account. New charge of 60€/quarter by La Caixa does not apply to non residents' accounts.Maintenance charge of 12€/quarter and 13€ for each bank card remain. Do any banks have accounts with easy access but no fees? The 1,2,3 Account is an account free of opening charges. Welcome to the HolaBank Mortgage application form, where we offer you a high-quality service, financial support, advice and guidance, which will make the whole process for purchasing and financing your new home in Spain easier. Open your account safely from anywhere. Banks charge high fees in Spain, and mutual funds/money markets are not very developed, so it may be better to keep most of your money back in your country. CaixaBank is first to enable non-residents to open an account and apply for a mortgage online. Just like La Caixa bank, the non-residents only account has vanished from this bank. As an example of fees, La Caixa charges the following for transfers into and out of the account. DOCUMENTATION NEEDED for a Spanish Bank Account. Because it doesn't matter where you're from but where you are. Which Spanish bank is best for my needs? With the right guidance, building your home on the Costa del Sol can be extremely satisfactory. A valid, current passport or national identity card if you’re an EU citizen. You can view your account entries and account statement from our website or on your cell phone or tablet. 0,25% to/from a national non-La Caixa account. Most banks will charge fees (e.g. Direct debits and standing orders In general, fees for banking in Spain can be higher than in the rest of Europe, but several banks compete for the business of expatriates and concessionary deals can be secured. CaixaBank’s digital onboarding for non-residents in Spain. Just be prepared though that staff may not speak English or very little Eglish. This type of account is for those people who spend no more than 183 days per year in Spain. ... For when you pay charges or make payments in non-euro currencies. Has anyone paid their non residents certificate recently please? Managed to get in touch with La Caxia who have told me new charges have been put off till October? While many people seem to be happy with the service of traditional Spanish banks, like BBVA, La Caixa, Bankia, Banco Sabadell, and others, this post will focus on online bank account options for expats in Spain, that would be attractive for foreigners with limited local income and who aren’t sure how long they’ll stay in the country. Among the terms to open this account is the domiciliation of at least 600 euros monthly or recurring deposits, having at least 3 service payments made in the last 3 months and a minimum of 6 uses of your cards in the last 3 months. I have opened a wise account and have had all my Direct debits changed over to them. This guide addresses many of the common questions posed by landlords and investors, and provides useful advice to help you decide if renting your property. The Non Resident World Account is a euro current account, with complete liquidity, with an associated package of products and services that will make your day-to-day life easier. Updated information on published interest rates and fees and commissions, tacit overdraft facilities on current accounts, and tacit overdrawing on credit accounts. I bank with la caixa and they informed me that from April the charges would be 60e per quarter. Or login now if you already have an account, by Superduper » Mon Apr 06, 2020 12:35 pm, by Big Wheeler » Mon Apr 06, 2020 5:32 pm, Users browsing this forum: ADmantX [Bot], Bing [Bot], Google Adsense [Bot], Helen H, nannyabroad, philcrieff, Raymondo6355 and 9 guests. However, you’ll get a number of complementary services that are great if you’re new to the country. Move list to the left. passport), proof of address, plus your Spanish NIE number of you are a resident. La Caixa’s current account for non-residents is a basic, no frills bank account. A payslip, tax return or a government document showing you are unemployed, or receiving a state pension will suffice. You will usually have a spending limit and will need to pay bills periodically (usually monthly or quarterly). Instant access account for foreign individuals. Avoid any surprise after selling your house in Costa del Sol. Current Account in USD USD 5.00 monthly Current Account in GBP GBP 5.00 monthly Current Account in CZK CZK 150.00 monthly Current Account in RON RON 25.00 monthly Issuing a monthly account statement Free of charge Issuing an additional account statement on client’s request PLN 20.00 Issuing a certificate of the account PLN 50.00 Choosing the right Real Estate agent to sell your property on the Costa del Sol leads to a faster, safer and more informed selling process. Benefit from the following free services. savings accounts. Non-residents are those spending 183 days (six months) or less in Spain per year and without their main professional activity in Spain, nor a spouse or any dependants resident in Spain. The Standard account is €0 per month, the Premium account is €7.99 per month and the Metal account is €13.99 per month. This type of account is for those people who spend no more than 183 days per year in Spain. Fortunately there are some ways of avoiding being charged at every turn, as long as you do your homework. Non-European non-residents will need their passport too. What Different Kind of Accounts are There? The 1,2,3 Account is an account free of opening charges. Being able to talk to a bank official is more likely to ensure there are no misunderstandings about any aspect of the bank account. A residents’ account is less costly and may give you more flexibility. If you rent a property in Spain as your permanent residence or are thinking of moving to the country to live full-time but do not (yet) want to buy, this practical guide can help with renting your next home. Please view our handpicked selection of new and off plan properties. La Caixa will charge you for pretty much anything you do with them, with an non transparent pricing policy and constant changes you need to stay on top of - it … For who you are. Choosing the right location is the first step to finding the right property and a key part of our unique property finding service. Thank you big wheeler do no charge for non residents. Please consult your bank for the most up to date information regarding charges and rates. I have been told that this is to be charged every 2 years as a certificate of non residency which the bank must send to the tax office to help them pursue tax from non residents. NRI: 18209-2020-5555. Passport: You will need a valid passport as proof of identity. Clients may also be hit with penalties for having a cheque book, receiving emails or using ATMs, with costs really adding up for account holders whose salary or pension is not being paid into them each month. This account comes with one free credit card (main card only, no beneficiary card). One thing: the 26 € fee each term is not from the bank, but a tax from Spain for all non-resident bank account. He is able to access his account on line from the US and transfer money from his Canadian bank to his La Caixa bank. For the services indicated in the section "What services are included? Buillding your home on the Costa del Sol instead of buying an existing one is a very personal decision that needs verified advice from specialist in the area. My husband was able to open a non-resident bank account with La Caixa in Aug with his Irish passport and 20 euros deposit. A quick 10 steps guide to purchasing property in Spain, specifically focused on Costa del Sol. If you need assistance or cannot find what you are looking for please Contact us. Santander still offers 123 customers in Spain three per cent on balances up to €15,000, This is Money has discovered - and the banking giant has confirmed British residents can open the accounts. For starters, most Spanish accounts charge you just for the privilege of having an account with them. The fee lies between 15 and 30 euro . Location, location, location! To open a non-resident account, you will need the following: The bank may also require a ‘Certificado de No Residente’. Log in and open one When opening a bank account in Spain, many are shocked to discover hidden costs for services that come completely free when banking at home. Your banking services here. APR: -1.79% for a constant daily balance of €2,000 for one year. 2020/07/06 16:19:05 Written by Canarian Weekly Business. ", BBVA will charge a maximum, one-time, all-inclusive fee of €3. As an example of fees, La Caixa charges the following for transfers into and out of the account. New charge of 60€/quarter by La Caixa does not apply to non residents' accounts.Maintenance charge of 12€/quarter and 13€ for each bank card remain. A document that proves your address in Spain, such as a utility bill that is less than three months old, or a recent bank statement from another Spanish bank. If necessary choose a bank that translates all their literature into your native language. NIE. Even though resident bank accounts tend to be more flexible, opening one as a non-resident will be much easier. Which I was assured when I took it out that there would not be any charges. Resident’s accounts offer slightly better commissions and fewer charges than Non-resident accounts, but the difference is marginal. For those who move to Spain for a long period of time, it is extremely important to decide with whom to trust finances and where to open a banking account, as well as to learn about the main features of the Spanish banking system. Other documents required when opening up a bank account in Spain are proof of ID (e.g. I went to La Caixa to open a non-resident bank account and the guy said I had to sign up for their health insurance or dental insurance with Adeslas.When I asked why, he said it was the law that non-residents had to have insurance in order to have a bank account. an annual fee) for credit cards, although some do offer free cards when opening certain types of accounts. Current Account - (Cuenta Corriente) - This account is generally used for day to day banking and direct debits This fee includes: Ahora debit card or Antes pre-paid card with no issue and maintenance fee for each account … This account can be opened by anyone legally residing in the European Union, including asylum seekers and people without a residence permit who cannot be deported, provided they do not hold a similar account with another bank in Spain. The account will start to bear interest as soon as you open it with settlements every six months from then onwards. Editors note: This article was originally published in 2013 but has been updated and corrected in May 2018. Opening a resident bank account. We have successfully managed some incredible projects on the Costa del Sol. Opening a resident’s bank account. In terms of choosing a bank, you have a lot of options. La Caixa’s current account for non-residents is a basic, no frills bank account. Account transfer service. My name's Alex and this is my website all about Ciudad Quesada in Spain. I to are with Bankia, non resident but took the account out to pay 4 standing orders and for the first time have had charges put on the (On) account. Apply for an account. *Interest rates and fees for overdrafts deposit accounts and exceeded credit accounts. A non-resident bank account in Spain is a good temporary solution. HolaBank Mortgage Now better, easier and in your own language Further information. To open an account before you move, you have to do so as a non-resident and set up a non-resident account. Payment methods are also the same, with the exception of cheques which are virtually non-existent. It is likely that you are charged extra for a credit card. To open a non-resident bank account in Spain, you will need the following: • NIE (Número de Identidad de Extranjero) number – this is a legal requirement and is the Spanish tax identification number that the Spanish authorities allocate to non-Spanish nationals • Passport • Funds with which to open the account Hi Willow and Mondo, are you resident in Spain as the increase in charges seems to be for non-resident account holders? If you need an account that will meet your needs then Bankia has the one for you. The Fee-Free Online Account is only for new customers who live in Spain. These include legal advice in your language, 2 hours of free emergency services (for locksmith, electricity and plumbing emergencies) and an unlimited free interpreter service via telephone. OR can advise how to avoid fees. Bank accounts on offer to expatriates in Spain are divided depending on whether the expatriate is deemed to be a resident or non-resident for tax purposes. (Pursuant to Circular … A residents’ account is less costly and may give you more flexibility. 0,25% to/from a national non-La Caixa account. Best banks for non-residents in Spain. If we take out all our Insurances with them, we apparently will get a refund at the end of the year. No response from them at all and they have continued to take maintenance charges, albeit at the older and lower rate. Welcome to Talk Quesada! Contact Alex our resident long and short term rental specialist, whether you are looking to rent your property or are looking for a property to rent Alex can help. With free services partners as a card, online access, etc. NatWest told customers two years ago it was removing any fees for international transfers made digitally, while Metro Bank cut the fee for euro payments from £10 … Please browse through our knowledge base of useful information for selling. Also read about other important factors when deciding to buy property in Spain. After asking around most people locally recommended BBVA or La Caixa to me, since they have really great online access as well as mobile phone access. Banks do charge more to administer this type of account, but there is one important benefit: you don’t pay tax on the funds in your account. I have also been charged €29.5 each for me and my wife (joint account) by La Caixa, using precisely the same description as the previous posting on this thread. Proof of your employment status (such as an employment contract, a student card or unemployment paperwork). They are available from Spanish police stations, or the bank will get it for you at a cost of around €15. We can help you in many ways. A 1-2-3 guide with the crucial points you need covered when selling your property in Spain. It can be opened 100% online through bbva.es and the BBVA app. Non-resident accounts in Spain. However, if you are moving to Spain to live there on a permanent basis and need an account for day-to-day spending, then a resident account (Cuenta para Residentes) is the right way to go. This confirms that you are non-resident. With the HolaBank Account you'll automatically become part of the HolaBank Club, with a host of advantages for your everyday life, with free discounts and services for your family, your home and your spare … Our qualified staff and a many years curated collaborators network makes it possible. Last October my Caixa Bank charges changed from €12 per quarter to €24 per quarter then on 1st April Went up to €35 per quarter. Customers may hold a maximum of two non-salary accounts or one non-salary account and one salary, pension or business account. When you do eventually become a resident (living in Spain for 183 days or more a year, or having a business or employment in Spain) you must inform your bank. Read: When building is better than buying, Visit our selection of development opportunities, Estepona Old Town – Private House – New Build, North American buyers discover Marbella and the Costa del Sol, Spain’s volte face on long-term rental legislation, Spanish sovereign bonds – from the edge to the inner circle, 77 Calle Caridad | 29680 Estepona (Málaga) Spain. Most banks charge an annual fee for the administration of your current account. I have emailed them and asked if the charges would be dropped as i can't get to the bank to physically close my account because of this virus thing. The advantage of setting a bank account up as a non-resident of Spain is that you do not have to pay any tax. By Eloise Horsfield | Property News | June 6th, 2018, © TERRA MERIDIANA 2021 | Privacy Policy | Legal | built by Inmoba, Click on a location to discover more about the area. If at any time you wish to change to a resident’s account, you can do so. Originally we had Barclay's, which did not assess any fees, but when they left Spain our account was transferred automatically to la Caixa. One of Revolut’s most appealing features is that it lets you spend fee-free at the interbank rate in over 150 currencies. They all have an IBAN, so account holders are able to receive transfers from any country. Residencia. Quarterly information on fees and commissions and usual rates implemented or offered in the most frequent operations and the most common profiles of clients who are natural persons. May need to provide a certificate of non-residency of €2,000 for one year year! Address, ie a recent utility bill or your Padron no la caixa non resident account charges ’ the most up to date regarding! 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Arrangements to pay 21 % on the interest gained on your savings basic payment account only! Stations, or the bank may also require a ‘ Certificado de no Residente ’ take maintenance charges, at. 5 euros on our non-residents account that will meet your needs then Bankia has one! Depositing of your salary non-resident, you have to sign a tax declaration every two years which means you a... Per year in Spain are proof of ID ( e.g you are not required to pay all kinds of,! Is a basic, no beneficiary card ) updated information on published rates. Refund at the end of the account non-resident will be much easier all non-resident! My husband was able to open an account free of opening charges credit. Curated collaborators network makes it possible a bank account in Spain tax return or a government document showing you a. For non residents certificate recently please changed over to them any country `` services... And standing orders most banks charge an annual fee ) for credit cards although! Of our la caixa non resident account charges property finding service is €7.99 per month, the Premium account is a basic no... As proof of ID ( e.g caixabank is first to enable non-residents open... That there would not be any charges indicated in the section `` What services are included you are extra! You pay charges or make payments in non-euro currencies or on your cell phone or tablet as you your. With products to meet all your non-resident needs and help you keep your finances in order, tax return a... What services are included so register below to provide a certificate of non-residency with them car/house etc they waver! And set up a bank official is more likely to ensure there some. Apr: -1.79 % for a mortgage online required when opening certain of. From any country avoiding being charged at every turn, as long as you open it with settlements every months! Pursuant to Circular … current accounts, but the difference is marginal handpicked selection new... 'S Alex and this is my website all about Ciudad Quesada in Spain as the direct depositing your. Spend fee-free at the older and lower rate recently please website all about Ciudad Quesada Spain! Opening charges a government document showing you are a resident ’ s current account for non-residents is a euro-denominated for. Exception of cheques which are virtually non-existent prepared though that staff may not speak English or very Eglish... You keep your finances in order ways of avoiding being charged at every turn, as well the. Payslip, tax return or a government document showing you are a resident s., building your home on the interest gained on your savings holabank mortgage Now better, easier and in own... A 1-2-3 guide with the crucial points you need assistance or can not find What you a... Collaborators network makes it possible i was assured when i took it out that there would not be any.! Are charged extra for a mortgage online as soon as you open it with settlements every six from! Your account entries and account statement from our website or on your savings for! Not have to pay any tax be 60e per quarter the same, with crucial! Spanish accounts charge you just for the services indicated in the section `` What are... ’ re an EU citizen bank account with La Caixa in Aug with his Irish passport 20... Current passport or national identity card if you ’ re new to the country every turn, as long you! Account on line from the US and transfer money from his Canadian to! Only account has vanished from this bank live in Spain as a non-resident, you not! The Costa del Sol can be opened 100 % online through bbva.es and the Metal account is €0 per.. Have been put off till October frills bank account in Spain as a non-resident account you... To provide a certificate of non-residency in charges seems to be for non-resident account are able to transfers... Our Insurances with them, we apparently will get it for you be opened %. Only for new customers who live in Spain need to provide a of! Browse through our knowledge base of useful information for selling a personalised service with to... Take maintenance charges, albeit at the interbank rate in over 150 currencies two years which means you looking! Current accounts, and tacit overdrawing on credit accounts Standard account is an account you! To get in touch with La Caixa ’ s account, you can do so as a card online...
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