Where best to bank for DDs. - Page 4

lospacoshombre wrote on Tue Jul 19, 2022 5:56pm:

You cannot trust Spanish  Banks…..  I was with Bancaja for a long time and I had an intriguing call whilst I was in the uk, a very sweet sounding Spanish girl spoke to  me and said “we are offering a very special deal to our foreign customers, you can buy shares in our bank at ...

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...a discount rate  and we will manage the shares for you at no cost” sounded good, but my Spanish rip off radar went off big time… within a month the bank had gone, apparently bankrupt and merged in an attempt to salvage the banking industry.

I would have lost all the investment ! Never trust a Spanish bank! 

Regards 

Al 

lomax123 wrote on Sun Jul 24, 2022 8:05pm:

Found it very difficult with Cajasur. Happy to offer you a mortgage but thereafter trying to get an English speaking person in the branch for any help has always proved very difficult. We searched options and someone suggested ‘Revolut’. Take a look at it! You won’t need a Spanish bank acco...

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...unt…

lospacoshombre wrote on Tue Dec 14, 2021 9:31am:

Hi

Personally I wouldn’t touch a Spanish Bank, they are expensive and generally inefficient and unhelpful (look at the google reviews they are both laughable and accurate).  Your gestor is probably getting a kick back! 

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I am currently using Wise and although there are the odd foible due to it being a Belgian Bank......if you get embroiled in a Spanish Bank, it is like swimming in treacle trying to escape!

Regards 

Al 

Kerri wrote on Sun Jul 17, 2022 3:10pm:

I am 100% with you.  I was going to transfer to wise and use Sabadell as a backup to see if I could literally move 100% to wise as I am a resident.  I feel so sure there is something we will fall afoul of and would need at least 1 full year to confirm that Wise can in fact replace Sabad...

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...ell (or similar).

I keep watching and listening to someone who is in the exact situation but it seems most people have UK bank accounts and they are not residents.

If you ever get to confirming this would you PLEASE post it here.  Much appreciated.  

Kerri