N26 for Non Residents - Page 2

Jeffers wrote on Thu Oct 13, 2022 12:05pm:

Hit my first problem using Wise.

I ask the administrator of my urbanisation to stop doing a DD against my Sabadell bank account and take the DD from my Wise bank account, supplying my Wise IBAN which is a Belgium bank.

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This was my administrator's reply:- 

"Good morning, the direct debit account number must be an account number from a Spanish bank, we cannot remittances to an account outside of Spain.

Kind regards"

I hope the other Spanish organisations that DD my Sabadell bank account don't tell me the same.

I have DDs for:-

Urbanisation fees, administratorBroadbandWaterElectricLocal council taxes, get 5% discount when paying by DDAnyone else have this issue with DDs having to be from a Spanish bank account?
How did you overcome the issue?

Holaitsdavid wrote on Thu Oct 13, 2022 6:08pm:

"Good morning, the direct debit account number must be an account number from a Spanish bank, we cannot remittances to an account outside of Spain"

I have had no problems, even the Town Hall uses a direct debit from the N26 IBAN number. (Are they trying to protect the Spanish bank?) 

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Note if opened in Spain an N26 account will have an ES Iban number. https://n26.com/en-es/blog/local-iban-spain

Jeffers wrote on Fri Oct 14, 2022 7:28am:

I haven't tried my Spanish council with my Brussels IBAN yet.

I need to ask all my service suppliers that currently DD my Sabadell account if they can DD my Brussels account. If they can't my Wise account is no good :-(

I'm guessing your IBAN with N26 is an ES one?

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People have posted that if you are resident in UK that you cannot now open an N26 account.

Holaitsdavid wrote on Sun Oct 16, 2022 5:09am:

Whether you’re living in Europe now or it’s where you called home once upon a time, you can still pay bills just like a local world. That phone bill in France, electricity bill in England, or student loan in Spain can all be paid from your one Wise account — in just a few easy steps.

https://wise.com/gb/blog/introducing-gbp-and-eur-direct-debits
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In my case I do feed my N26 ES account but should be possible. Via Wise

They should be able to take direct debit via Single euro payments area (SEPA)

https://finance.ec.europa.eu/consumer-finance-and-payments/payment-services/single-euro-payments-area-sepa_en

Andrew14 wrote on Wed Oct 12, 2022 7:53pm:

Thanks for the update Jeffers. I too have signed up to Wise, & will have a card waiting when I return to UK. Not done anymore than that yet, think I’ll set up a test DD, see how that goes & transfer everything after that

Jeffers wrote on Sun Oct 16, 2022 8:09am:

Can't fault the Wise service, I arrived back in the UK a couple of days after ordering my Wise card and it was waiting for me.

I also added my Wise card to my Google wallet and used my phone to pay for my drink on Ryanair :-)

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Only issue so far is my Wise IBAN isn't an ES one, if it was everything would be a doddle for me.

I still have checking to do on this to find out which of my Spanish service providers will/won't DD a non ES IBAN numbered account.

Tworowans wrote on Sun Oct 16, 2022 8:55am:

Bear in mind that Spain’s banking system is still amongst the most inefficient on the planet

IBAN discrimination occurs because despite the best endeavours of Banco de Espana some entities (including businesses and local authorities) still have processes which will only recognise the 24 character Spanish IBAN beginning ES...

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By way of comparison UK & Germany’s IBANs have 22 characters, Greece & France 27 characters and Norway - which is an EEA member - has a de-cluttered 15 characters

Wise is excellent but doesn’t have a Spanish IBAN and therein lies risk

Despite the creation of SEPA (Single European Payments Area) and much hand wringing, the Spanish payments system remains imperfect

Kerri wrote on Sun Oct 16, 2022 8:21am:

Jeffers,  Thanks for keeping us up on all this.  I am in the same process and appreciating all the info.  From David as well.

Great dialogue.  Really useful - unlike FB where people post a partial thought (for some reason) and you have to fill in the rest yourself.  LOL

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Kerri

Jeffers wrote on Wed Oct 19, 2022 10:04am:

I've asked my urbanisation administrator why they can't use the SEPA system to set up a DD against my Wise Brussels bank account. Waiting for an answer.

My broadband supplier Olivenet, said no problem DDing my Wise Brussels bank account.

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I sent emails to the La Cala de Mijas council, Acosol and Energy Nordic asking if they can DD my Wise Brussels bank account, waiting for answers.