Best bank for expats? - Page 2

Holaitsdavid wrote on Sun May 28, 2023 6:07pm:

Indeed N26 opened Spain does all banks can do with payments, at far lower cost and offer a Spanish IBAN to pay all debits and bills, they are very efficient, with the card you can draw cash and pay in stores. (People need to be in Spain with an NIE number and address to open) I use that and Wise,...

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... with a Euro account UK, it's perfect to feed N26 and do all low cost money transfers from UK. 

The question  "Do you know if a Wise account is recognised as 'proper'  answer of course, (both Wise and N26 have full banking licence and protection)  one gentleman on the forum stated only uses Wise for all, including direct debits, the key having their Belgium IBAN number, you cannot be forced to have a Spanish Bank account, (in most cases best avoided) But the bank must have a Eurozone IBAN.

  https://wise.com/

Maven007 wrote on Wed May 24, 2023 12:02pm:

3rd June I get the keys to my apartment in Coto Real. What is the best bank for a non resident expat?

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Intention is to get NLV next year once I settle sale of my apartment in Scotland, so I will be in town sporadically but I will need to pay IBI and internet/water etc.

Kerri wrote on Sun May 28, 2023 7:42am:

N26 has a Spanish IBAN number so it will pay all bills in Spain.  Unless you have other services with Sabadell you will still pay 40 euro every 3 months when N26 will do the same for ZERO.  

DScot wrote on Wed May 31, 2023 11:02am:

Hi, can you please confirm

what N26 is 

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Thanks 

Debbie 

DScot wrote on Wed May 31, 2023 11:02am:

Hi, can you please confirm

what N26 is 

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Thanks 

Debbie 

Tworowans wrote on Wed May 31, 2023 11:57am:

N26 is a German neo-bank viz. it operates online and via its App and doesn’t have branch offices. You can apply for debit and credit cards. Importantly for Spain and unlike Wise, Monzo and Revolut it offers a Spanish IBAN - which means you can set up direct debits etc in Spain without the risk ...

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...of the Payee rejecting them

It closed its London office after Brexit

Jeffers wrote on Wed May 31, 2023 12:28pm:

I have a Wise account and pay all my Spanish DDs with it.
Council, Broadband, Water, Electricity and Urbanisation fees.
My Wise account has a Brussels IBAN
I'm not saying Wise is best, depends what you wish to do with the account, but I didn't want someone making a decision based on inco...

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...rrect information.

Tworowans wrote on Wed May 31, 2023 3:07pm:

The point was / is that the Spanish banking system is inefficient and SOME payees will only process payments which originate from a Spanish IBAN

Therefore there is risk