Foreigners, Spanish bank accounts and money transfers

The following is information about VISA, transaction costs relating to the on-line banking, consulting, debit cards and other information on funding for immigrants in Spain.

To go to a bank account in Spain must overcome one of the first obstacles is open, that the language barrier. It may well be that the cashier does not sPeak English and do not open an account for a foreigner to experience first. Some information about the costs of set-up is not alwaysfollowed exactly, or provided by both. can be reduced by an interpreter with you a lot of frustration and anger.

For foreigners are generally two types of accounts available:

The first is that of a resident bank account. This allows you to set up a euro account or any other, that your bank offers.

The second is that of a foreign bank account. This account is usually for those who do not have a card and have nevernot from Spain. The provisions of Spanish foreign banks can have accounts in foreign currency or euro. To open an account, you must provide valid identification such as passport or ID number in your country of origin. The main reason for this is that there is a percentage of interest you earn on your account that is different depending upon the hand of immigration status. Usually about once every six months, the Bank confirmedYour state of residence. The residents, of course, the best deal.

Most utilities are paid as a direct debit account, although some landowners may "dinero negro 'request to avoid or better known as Cash announced their taxes properly explained.

E 'purchase of the value of accounts or take into account most of your money back home due to the fact that bank fees are relatively high in Spain. The usual type of tax is often: for debit card, annualFees, minimum balances and so on. a fess typical of larger banks, La Caixa for transfers to or from an account are as follows: 0.5% or on an international account, a change of 0.25% to or from an international, when they are in the same currency or 0, 25% want to change or to a national non-La Caixa.

The charge of bank, sterling bank (known as libreta), usually offered, but not mandatory. However, Visa and debit cards are the most practical andefficiently.

Overall, the Spanish banking system is very efficient and successful. Online banking is offered by most banks and bankers are also fast. American Citibank is there, but transferring money abroad, the money transfer fee is the same cost as if you were a different bank. However, you can open an account, the euro and the works in various currencies including sterling, U.S. dollars, but expect the normal baggage feesapply.

Finally, if you feel like a bank Caja carefully spend their profits on more cultural endeavors, and not just to line the pockets of shareholders known. Overall, their are many methods and options for all budgets and needs, as well as in good shape ... Look around!

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