opening a bank account
Posted: 18 June 2012 07:33 PM  
Just Landed
Total Posts:  26
Joined  2012-06-10

HI,
  I am planning on staying in spain for a while and I would like
to open up a savings account to have access to the ATM machine.
I am from usa and have accounts with Chase and Bank of America.
I also have accounts with scotiabank and banco popular in the
dominican republic.  What kind of documentation do I need to
open up an account in spain?  thanx,

spacer

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Posted: 18 June 2012 11:39 PM  
Administrator
Total Posts:  2854
Joined  2007-10-19

walk in two any bank with your passport , you get non resident account , you will in time need a NIE number aswell to change in to resident account

non resident account cost more two run .........
jurdy

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Posted: 18 June 2012 11:54 PM  
Just Landed
Total Posts:  26
Joined  2012-06-10

thanx.  it sounds easy.  everything is more difficult in the DR.  I
had to have 3 letters of references - one from my bank, one from
a DR business, and one from a local person.  I also had to provide
proof of my income.  This is a very frustrating place to get things
done but luckily I am retired.

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Posted: 19 June 2012 12:06 AM  
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Total Posts:  2854
Joined  2007-10-19

All banks require two forms of I.D ( PHOTO and you need to give then you DR address so have few utility bills as NON resident account )

ie bring you back account with address form Chase and Bank of America , thay will look in two it and can take 5 working days to 10 working day befor you give ATM card , you not European Citizens so there is few more think you need to do and that need to look at

Jurdy

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Posted: 23 June 2012 11:11 AM  
Expatriator
Total Posts:  683
Joined  2007-11-01

Any recommendations for a bank that DOESN’T CHARGE quarterly fee. (Don’t mind paying a small amoutn for ‘card maintenance’ when I need a new one.) We have used Cajamar for past 5yrs, but just received notification they are now charging Eu9 per quarter and Eu20 pa for card maintenance. Sign of the times :( (PS - for any one under 26 and over 65 there are no fees, or if you have a pension or salary paid in each month. But we do not fit into any of these catagories - yet!) wink ps - we have never paid for any transactions either. (Don’t use cheques - just ATM/Debit card etc.)

Theres a new ‘moneysavingspain’ website - it recommends
ING
CitiBank
Uno Bank
Banesto
La Caixa

but on reading the above’s T’s&C’s nearly all want either your salary or pension paying in to qualify.

Any more suggestions/info welcome. (We don’t mind on-line banking per se, but I know how much better it is when you can walk into a branch in Spain if there is an issue!  We would prefer to do this in our local town of Alhaurin el Grande and not have to travel miles to the coast to sort anything out (which invariably there is from time to time!)  So this limits our choices I guess.  Will check out our local banks first, but if anyone knows any good deals wink  please let us know!

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Posted: 27 June 2012 03:16 PM  
Expat
Total Posts:  51
Joined  2011-09-15

Hi Susan,

Relevant post - would also be interested seeing some informed feedback on that. Also which banks are currently the most secure/safest ??

Thanks,

Andrea

susanspain - 23 June 2012 11:11 AM

Any recommendations for a bank that DOESN’T CHARGE quarterly fee. (Don’t mind paying a small amoutn for ‘card maintenance’ when I need a new one.) We have used Cajamar for past 5yrs, but just received notification they are now charging Eu9 per quarter and Eu20 pa for card maintenance. Sign of the times :( (PS - for any one under 26 and over 65 there are no fees, or if you have a pension or salary paid in each month. But we do not fit into any of these catagories - yet!) ;) ps - we have never paid for any transactions either. (Don’t use cheques - just ATM/Debit card etc.)

Theres a new ‘moneysavingspain’ website - it recommends
ING
CitiBank
Uno Bank
Banesto
La Caixa

but on reading the above’s T’s&C’s nearly all want either your salary or pension paying in to qualify.

Any more suggestions/info welcome. (We don’t mind on-line banking per se, but I know how much better it is when you can walk into a branch in Spain if there is an issue!  We would prefer to do this in our local town of Alhaurin el Grande and not have to travel miles to the coast to sort anything out (which invariably there is from time to time!)  So this limits our choices I guess.  Will check out our local banks first, but if anyone knows any good deals ;)  please let us know!

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Posted: 30 June 2012 05:24 AM  
Expatriator
Total Posts:  683
Joined  2007-11-01

Hi Andrea,
I haven’t got round to checking out the local banks yet (too busy!)...
Re ‘safest’... I think we are all keeping our money under the mattress at present, and only sufficient in bank to pay elec etc wink

Hope you are over soon smile

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Posted: 30 June 2012 05:52 AM  
Expat
Total Posts:  51
Joined  2011-09-15

Ha Ha - well Susan maybe little option but to buy a “money bag” & carry it around with us !!!

Best Wishes,

Andrea

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Posted: 30 June 2012 11:28 AM  
Expatriator
Total Posts:  683
Joined  2007-11-01

A 007…. ^
Sadly one has to be so careful in the street/car parks etc these days.
More and more purse/bag snatching being reported by our local neighbourhood watch.

But I am sure it is hard times for all at present.

(Crime usually escalates on the coast as tourists are easy pickings, but this is inland and it is shocking to say the least!)

We have all agreed, ‘keep your bag close to your chest. Don’t talk to strangers and have Eyes like a Hawk.’

Sad, but true :(

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Posted: 30 June 2012 02:47 PM  
Expatriator
Total Posts:  265
Joined  2011-09-10

I really don’t like making recommendations, but practically since first coming to Spain I’ve used the Banco de Andalucía.  Always found them helpful.  It is an old established bank.

Patricia

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Posted: 30 June 2012 03:40 PM  
Expat
Total Posts:  51
Joined  2011-09-15

WOW - is it really that bad Susan & are these recent developments due to high unemployment etc ?????

We were there last year & had no problems.

Good to know these things in advance.

Thanks,

Andrea

susanspain - 30 June 2012 11:28 AM

A 007…. ^
Sadly one has to be so careful in the street/car parks etc these days.
More and more purse/bag snatching being reported by our local neighbourhood watch.

But I am sure it is hard times for all at present.

(Crime usually escalates on the coast as tourists are easy pickings, but this is inland and it is shocking to say the least!)

We have all agreed, ‘keep your bag close to your chest. Don’t talk to strangers and have Eyes like a Hawk.’

Sad, but true :(

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Posted: 30 June 2012 04:30 PM  
Expatriator
Total Posts:  265
Joined  2011-09-10

Criminal activity of this kind has always existed.  There is probably not a town or city worldwide where some degree of bag-snatching/pickpocketing does not go on.

The key word is, of course” careful”. 
It’s no wonder tourists are easy pickings, if they go around with a big handbag (sack!) containing all their wordly goods, while at the same time gazing around them absent-mindedly.  It isn’t enough to be aware.  LOOK aware.  Don’t carry a bag at all.  And keep the “bling” for other occasions.  And for godssakes don’t put your handbag on the floor or hanging off the back of your chair in a café or on a café terrace etc.
That applies in Dublin, London, Madrid or Málaga.

There is no harm in talking to strangers (I often do), as you may have to ask directions,  or whatever.  Again, trust your gut.

An anecdote, to illustrate the crazy things people do:

A client of mine had about 4.000 pounds lifted from his account via his card.

Scenario:  middle of day, Marbella area outskirts, he’s at the ATM, problem with ATM (probably set-up).  Nice lady behind him waiting, offers to help.  He accepts her help.  End of story.
He tells me (and this man is no dazed tourist) “she was very well dressed, good jewellery, well spoken, helpful, good-looking (!).....
Who’d have thought..”

P.

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