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Bank and Home Insurance

Posted: Wed Mar 30, 2022 11:29am
26 replies468 views8 members subscribed
Andy08

Posts: 19

4 helpful points

Location: Antequera

Joined: 19 Feb 2022

Good morning everyone

We have just purchased a house in Antequera with completion in early May 2022.  We are just starting to learn as much Spanish as possible but in the interim, I wondered if anyone could give us some advice on a local Insurance Broker for our home insurance as we would like to support local businesses where possible.  Also, any bank recommendations would be gratefully accepted.  For the next few years, we will be in and out of Spain before deciding whether to re-locate or be confined by the 180-day restriction, so a low-cost account would be useful as we just require direct debits to be paid from it and some funds being transferred in.

Many thanks for the opportunity to post this.
Regards
Andy

Holaitsdavid

Posted: Wed Mar 30, 2022 2:48pm

Holaitsdavid

Helpful member

Posts: 862

311 helpful points

Location: Mijas Costa

Joined: 30 Mar 2021

Posted: Wed Mar 30, 2022 2:48pm

On home insurance you will find Abbeygate very helpful and all speak English. https://www.abbeygateinsure.com/

Regarding Banking as you now have a Spanish address you can open a Euro account with N26 who are brilliant and very low cost, far better than local banks and can be up and running very quickly.  https://n26.com/en-es/blog/local-iban-spain   You can top up very cheaply via Wise https://wise.com/

Andrew14

Posted: Thu Mar 31, 2022 9:04am

Posts: 133

49 helpful points

Location: Vélez-Málaga

Joined: 26 Mar 2019

Posted: Thu Mar 31, 2022 9:04am

Andy, I'm in the same position as you will be, i.e. a non resident, owning a property in Spain

I've looked at N26, the low banking costs are attractive, however the 1st question on the online application is "Country of Residence". If you answer, as I do, "United Kingdom" you will find N26 is not available in your region.

Of course you could say Spain is your country of residence, then no doubt you could then input your Spanish address. I've not been tempted to do that.

Enjoy your house in Antequera, a lovely town, we spent a day there earlier this month

Andy08

Posted: Thu Mar 31, 2022 9:46am

Andy08

Original Poster

Posts: 19

4 helpful points

Location: Antequera

Joined: 19 Feb 2022

Posted: Thu Mar 31, 2022 9:46am

Andrew14 wrote on Thu Mar 31, 2022 9:04am:

Andy, I'm in the same position as you will be, i.e. a non resident, owning a property in Spain

I've looked at N26, the low banking costs are attractive, however the 1st question on the online application is "Country of Residence". If you answer, as I do, "United Kingdom" you will find N26 is not available in your region....

...

Of course you could say Spain is your country of residence, then no doubt you could then input your Spanish address. I've not been tempted to do that.

Enjoy your house in Antequera, a lovely town, we spent a day there earlier this month

Hi Andrew

Thanks for your reply.  I have been emailing customer services at N26 and they have confirmed if I apply for the account while I am actually located in Spain even though I am a UK resident, then it will be fine.  Like you,  I saw they had withdrawn from the UK but we can still have a Spanish account under these circumstances.

My only other query with them was the Spanish application requires a number beginning with 6, so Spanish.  However, N26 confirmed I will be able to use my UK number at that point which I am not convinced about, worst way I will have to buy a Spanish pay-as-you-go sim.

We also love Antequera and the people.  We previously had a place near Marbella for 12 years and did not want to go back to the same area, even though it was perfect for us at the time.

I will post here what happens with N26.

Cheers
Andy

Andrew14

Posted: Thu Mar 31, 2022 10:00am

Posts: 133

49 helpful points

Location: Vélez-Málaga

Joined: 26 Mar 2019

Posted: Thu Mar 31, 2022 10:00am

Andy, thanks for the info on N26, that's good to know

We use Lobster for a Spanish sim. It costs €12 a month, but importantly you can stop & start it as you wish. We just pay whilst we are in Spain

We found that we needed a Spanish number for deliveries to our home (white goods, furniture etc), they all want a spanish number for the delivery driver.

Andy08

Posted: Thu Mar 31, 2022 10:07am

Andy08

Original Poster

Posts: 19

4 helpful points

Location: Antequera

Joined: 19 Feb 2022

Posted: Thu Mar 31, 2022 10:07am

Andrew14 wrote on Thu Mar 31, 2022 10:00am:

Andy, thanks for the info on N26, that's good to know

We use Lobster for a Spanish sim. It costs €12 a month, but importantly you can stop & start it as you wish. We just pay whilst we are in Spain

We found that we needed a Spanish number for deliveries to our home (white goods, furniture etc), they all want a spanish number for the delivery driver.

Thanks Andrew that's really helpful;.  I did see Lobster but did not realise you can stop and start so that's a good option and as you say, we will need a Spanish number so that will work well.

Cheers

Andy

LbpIrl

Posted: Thu Mar 31, 2022 5:40pm

Posts: 2

Location: Nueva Andalucia

Joined: 31 Mar 2022

Posted: Thu Mar 31, 2022 5:40pm

Hi! Santander is a great “one stop shop” and you can open a non resident account. They helped up with both home and health insurance. I can definitely recommend checking them out. 

Andy08

Posted: Thu Mar 31, 2022 5:49pm

Andy08

Original Poster

Posts: 19

4 helpful points

Location: Antequera

Joined: 19 Feb 2022

Posted: Thu Mar 31, 2022 5:49pm

LbpIrl wrote on Thu Mar 31, 2022 5:40pm:

Hi! Santander is a great “one stop shop” and you can open a non resident account. They helped up with both home and health insurance. I can definitely recommend checking them out. 

Thank you very much for the message and when we are over I will definitely check out Santander.

Once again thank you.

Kerri

Posted: Mon Apr 4, 2022 10:08am

Kerri

Helpful member

Posts: 414

168 helpful points

Location: Casares

Joined: 5 Sep 2018

Posted: Mon Apr 4, 2022 10:08am

Holaitsdavid wrote on Wed Mar 30, 2022 2:48pm:

On home insurance you will find Abbeygate very helpful and all speak English. https://www.abbeygateinsure.com/

Regarding Banking as you now have a Spanish address you can open a Euro account with N26 who are brilliant and very low cost, far better than local banks and can be up and running very quickly.  https:/...

.../n26.com/en-es/blog/local-iban-spain   You can top up very cheaply via Wise https://wise.com/

Hi David,

With N26 can you setup all the direct debits necessary as a resident in Spain?  I am looking to see if switching from Sabadell to N26 would sink me somewhere or other that I cannot see at this point?  Currently paying 120 euro per year with Sabadell basic account including a credit card.

I do not wish to just read the 'marketing' of an online bank and then find myself stewing because of some small detail I failed to know about.  Cannot see the point of having more than one bank in Spain so switching 100% is the only option, or staying with Sabadell of course.

Lots of chatter on Facebook that other banks are preferable to Sabadell but their rates have suddenly shot up and some are now even more expensive than what I am paying Sabadell.  Sometimes, as they say 'better the devil you know' because Sabadell is a good banking system in my experience.

Thanks!

Andy08

Posted: Mon Apr 4, 2022 11:19am

Andy08

Original Poster

Posts: 19

4 helpful points

Location: Antequera

Joined: 19 Feb 2022

Posted: Mon Apr 4, 2022 11:19am

Kerri wrote on Mon Apr 4, 2022 10:08am:

Hi David,

With N26 can you setup all the direct debits necessary as a resident in Spain?  I am looking to see if switching from Sabadell to N26 would sink me somewhere or other that I cannot see at this point?  Currently paying 120 euro per year with Sabadell basic account including a credit card...

....

I do not wish to just read the 'marketing' of an online bank and then find myself stewing because of some small detail I failed to know about.  Cannot see the point of having more than one bank in Spain so switching 100% is the only option, or staying with Sabadell of course.

Lots of chatter on Facebook that other banks are preferable to Sabadell but their rates have suddenly shot up and some are now even more expensive than what I am paying Sabadell.  Sometimes, as they say 'better the devil you know' because Sabadell is a good banking system in my experience.

Thanks!

Hi Kerri

Thanks for replying and you make some very good points.  I agree, only one account is an option.  If it works, I like the idea of N26 and I have been in contact with them by email and they seem very helpful.  

Thanks again

Andy

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