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Go Back   Pollensa Forum > LIVING & WORKING IN POLLENSA > Living & Working in the Pollensa Area

Living & Working in the Pollensa Area This forum is for any comments, questions and advice about living (permanently or temporarily) and working in the Pollensa area. Aimed at ex-pats, property owners etc.

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  • 2 Post By Deanscroft

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Old 11-05-2020, 15:00
Join Date: Jan 2016
Location: CSV
Posts: 146
Default Bank with zero charges, recommendations please

Until now, I've been impressed banking with Sabadell in PP. Without notification and in this current climate, have charged for management. I don't need any bells and whistles, just a bank account to pay my Spanish DD's, deposit and withdraw euros with zero costs. I'm currently researching BBVA. Any recommendations? Many thanks.

Last edited by Big Sal; 11-05-2020 at 15:04.
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Old 11-05-2020, 18:03
Deanscroft's Avatar
Join Date: Feb 2010
Location: Puerto Pollenca
Posts: 491

The banks used to cover their costs with the difference between what they could earn by investing your money and what they had to pay you in interest. With interest rates so low this is no longer the case so they are looking to raise money elsewhere ie. by charging for their services. I might be wrong but I don't think you will find a high street bank that now doesn't charge but there are usually ways of avoiding it. I know that with Caixabank if you transfer in at least 600 euros pcm and have a couple of direct debits then the fees are waived. If you don't need a high street bank then one of the internet banks may be a better choise.
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