Frozen bank accounts

Go Back   Expat Forum For People Moving Overseas And Living Abroad > Europe > Spain Expat Forum for Expats Living in Spain

Spain Expat Forum for Expats Living in Spain The Spain Expats forum is a dedicated community of people who have moved to Spain, or who are planning to. This is the place for Expats to meet and discuss anything about moving to, & living in, Spain.

Like Tree5Likes

Frozen bank accounts


Reply
 
Subscribe to this Thread Thread Tools
  #1 (permalink)  
Old 19th October 2016, 04:11 PM
Alcalaina's Avatar
Member
 
Join Date: Aug 2010
Location: Pueblo blanco in Cádiz province since 2008
Posts: 15,001
Rep Power: 98432
Alcalaina has a reputation beyond reputeAlcalaina has a reputation beyond reputeAlcalaina has a reputation beyond reputeAlcalaina has a reputation beyond reputeAlcalaina has a reputation beyond reputeAlcalaina has a reputation beyond reputeAlcalaina has a reputation beyond reputeAlcalaina has a reputation beyond reputeAlcalaina has a reputation beyond reputeAlcalaina has a reputation beyond reputeAlcalaina has a reputation beyond repute
10269 likes received
7665 likes given

Users Flag! Originally from uk. Users Flag! Expat in spain.
Default Frozen bank accounts

Three British couples I know (one resident, two non-resident) have had their bank accounts frozen by Unicaja because they didn't notice a request to take in details of the source of their income by 28 June 2016. The request was tucked in with all the payment slips at the beginninf of June, not marked urgent or distinguishable in any other way.

"Unicaja Banco, al igual que el resto de entidades financieras, está obligada de acuerdo a la Ley 10/2010 a recabar de sus clientes copia digitizada de los documentos que acrediten su actividad o fuente de ingresos."

Now their cards don't work, they can't withdraw money or use online banking, although direct debits are still being paid.

Has anyone heard of any other banks doing this?

__________________
Read about life in the pueblo: La Vida Alcalaina
Reply With Quote Quick reply to this message
  #2 (permalink)  
Old 19th October 2016, 05:09 PM
Pesky Wesky's Avatar
Member
 
Join Date: May 2009
Location: Near Madrid. Frequent visitor to Bilbao, love Asturias and Burgos
Posts: 18,749
Rep Power: 61229
Pesky Wesky has a reputation beyond reputePesky Wesky has a reputation beyond reputePesky Wesky has a reputation beyond reputePesky Wesky has a reputation beyond reputePesky Wesky has a reputation beyond reputePesky Wesky has a reputation beyond reputePesky Wesky has a reputation beyond reputePesky Wesky has a reputation beyond reputePesky Wesky has a reputation beyond reputePesky Wesky has a reputation beyond reputePesky Wesky has a reputation beyond repute
9942 likes received
9709 likes given

Users Flag! Originally from uk. Users Flag! Expat in spain.
Default

Quote:
Originally Posted by Alcalaina View Post
Three British couples I know (one resident, two non-resident) have had their bank accounts frozen by Unicaja because they didn't notice a request to take in details of the source of their income by 28 June 2016. The request was tucked in with all the payment slips at the beginninf of June, not marked urgent or distinguishable in any other way.

"Unicaja Banco, al igual que el resto de entidades financieras, está obligada de acuerdo a la Ley 10/2010 a recabar de sus clientes copia digitizada de los documentos que acrediten su actividad o fuente de ingresos."

Now their cards don't work, they can't withdraw money or use online banking, although direct debits are still being paid.

Has anyone heard of any other banks doing this?
OOps, post eliminated

__________________
“Nature doesn't need people. People need nature https://www.conservation.org/nature-...Id=mkjwxmcdb0E.”
Reply With Quote Quick reply to this message
  #3 (permalink)  
Old 19th October 2016, 05:56 PM
Member
 
Join Date: Jul 2011
Location: Torrevieja, Spain
Posts: 56
Rep Power: 1062
uora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond repute
61 likes received
50 likes given

Users Flag! Originally from norway. Users Flag! Expat in spain.
Default

Quote:
Originally Posted by Alcalaina View Post
Three British couples I know (one resident, two non-resident) have had their bank accounts frozen by Unicaja because they didn't notice a request to take in details of the source of their income by 28 June 2016. The request was tucked in with all the payment slips at the beginninf of June, not marked urgent or distinguishable in any other way.

"Unicaja Banco, al igual que el resto de entidades financieras, está obligada de acuerdo a la Ley 10/2010 a recabar de sus clientes copia digitizada de los documentos que acrediten su actividad o fuente de ingresos."

Now their cards don't work, they can't withdraw money or use online banking, although direct debits are still being paid.

Has anyone heard of any other banks doing this?
Yes, I've heard about people getting their accounts closed because they didn't show proof of their income and passports. They were all non-residents. My bank only asked for a copy of my passport, but the banks are all doing this differently. It is a law against whitewashing of money.

Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
  #4 (permalink)  
Old 19th October 2016, 06:06 PM
Pazcat's Avatar
Member
 
Join Date: Mar 2010
Location: Alicante
Posts: 2,456
Rep Power: 5695
Pazcat has a reputation beyond reputePazcat has a reputation beyond reputePazcat has a reputation beyond reputePazcat has a reputation beyond reputePazcat has a reputation beyond reputePazcat has a reputation beyond reputePazcat has a reputation beyond reputePazcat has a reputation beyond reputePazcat has a reputation beyond reputePazcat has a reputation beyond reputePazcat has a reputation beyond repute
1308 likes received
1271 likes given

Users Flag! Originally from australia. Users Flag! Expat in spain.
Default

In fairness this did apply to all residents including the Spanish so not targeted at expats, in fact I even think they extended the time for expats longer.

Shouldn't providing the bank with the relevant info now sort it out?

He asks knowing full well nothing is ever that logical here.
Ifn likes this.


Last edited by Pazcat; 19th October 2016 at 06:08 PM.
Reply With Quote Quick reply to this message
  #5 (permalink)  
Old 19th October 2016, 06:11 PM
Member
 
Join Date: Jul 2011
Location: Torrevieja, Spain
Posts: 56
Rep Power: 1062
uora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond reputeuora has a reputation beyond repute
61 likes received
50 likes given

Users Flag! Originally from norway. Users Flag! Expat in spain.
Default

Quote:
Originally Posted by Pazcat View Post
In fairness this did apply to all residents including the Spanish so not targeted at expats, in fact I even think they extended the time for expats longer.

Shouldn't providing the bank with the relevant info now sort it out?

He asks knowing nothing is ever that logical here.
Maybe it is because I've only discussed this with non-residents
I believe it was a time limit for opening the accounts (without too much trouble) but I don't know how long this period was.

Reply With Quote Quick reply to this message
  #6 (permalink)  
Old 19th October 2016, 06:13 PM
Member
 
Join Date: Feb 2014
Location: Velez-Malaga
Posts: 7,713
Rep Power: 9941
Lynn R has a reputation beyond reputeLynn R has a reputation beyond reputeLynn R has a reputation beyond reputeLynn R has a reputation beyond reputeLynn R has a reputation beyond reputeLynn R has a reputation beyond reputeLynn R has a reputation beyond reputeLynn R has a reputation beyond reputeLynn R has a reputation beyond reputeLynn R has a reputation beyond reputeLynn R has a reputation beyond repute
9519 likes received
5816 likes given

Users Flag! Originally from uk. Users Flag! Expat in spain.
Default

Has everyone else been asked to provide this information by their Spanish bank? I bank with Banco Popular and my husband banks with Sabadell, and neither of us has. We did have to supply proof of ID documents a while back, but definitely haven't been asked for proof of the source of our income.
Justina likes this.

Reply With Quote Quick reply to this message
  #7 (permalink)  
Old 19th October 2016, 06:21 PM
baldilocks's Avatar
Member
 
Join Date: Mar 2010
Location: Castillo de Locubín in the Sierra Sur de Jaén, Spain
Posts: 17,359
Rep Power: 129729
baldilocks has a reputation beyond reputebaldilocks has a reputation beyond reputebaldilocks has a reputation beyond reputebaldilocks has a reputation beyond reputebaldilocks has a reputation beyond reputebaldilocks has a reputation beyond reputebaldilocks has a reputation beyond reputebaldilocks has a reputation beyond reputebaldilocks has a reputation beyond reputebaldilocks has a reputation beyond reputebaldilocks has a reputation beyond repute
9604 likes received
15708 likes given

Users Flag! Originally from england. Users Flag! Expat in spain.
Default

Quote:
Originally Posted by Lynn R View Post
Has everyone else been asked to provide this information by their Spanish bank? I bank with Banco Popular and my husband banks with Sabadell, and neither of us has. We did have to supply proof of ID documents a while back, but definitely haven't been asked for proof of the source of our income.
We've had nothing but then all our income comes in by credit transfer so the source is shown, however for those who may be paying in their "income" as cash over the counter, I can see that banks might want to ask questions before Hacienda comes knocking on the door and, in fact, it may be that the banks are acting on the instructions of Hacienda.
mrypg9 likes this.

Reply With Quote Quick reply to this message
  #8 (permalink)  
Old 20th October 2016, 05:59 AM
Member
 
Join Date: Aug 2016
Location: alicante
Posts: 170
Rep Power: 0
pedro6 is on a distinguished road
64 likes received
56 likes given

Users Flag! Originally from england. Users Flag! Expat in spain.
Default

my bank is BBVA and all my friends who use different banks had to provide copies of their passports etc.
I know of one couple that failed to provide info. and their account was frozen.
The law in respect of money laundering in Spain changed requiring all banks to obtain this info.
Just provide the bank with the info. and they will EVENTUALLY unfreeze your account.
Good luck

Reply With Quote Quick reply to this message
  #9 (permalink)  
Old 20th October 2016, 07:10 AM
tebo53's Avatar
Member
 
Join Date: Sep 2014
Location: Benidorm. Spain
Posts: 542
Rep Power: 0
tebo53 is on a distinguished road
376 likes received
443 likes given

Users Flag! Originally from uk. Users Flag! Expat in spain.
Default

Quote:
Originally Posted by Lynn R View Post
Has everyone else been asked to provide this information by their Spanish bank? I bank with Banco Popular and my husband banks with Sabadell, and neither of us has. We did have to supply proof of ID documents a while back, but definitely haven't been asked for proof of the source of our income.
I was asked last year by Sabadell bank to actually take my ID into the branch that I originally set up the account. I didn't have to prove where the money came from.

Steve
Lynn R likes this.

__________________
Enjoy everything you do before it's to late and never give up!!
Reply With Quote Quick reply to this message
  #10 (permalink)  
Old 20th October 2016, 07:19 AM
Member
 
Join Date: Aug 2016
Location: alicante
Posts: 170
Rep Power: 0
pedro6 is on a distinguished road
64 likes received
56 likes given

Users Flag! Originally from england. Users Flag! Expat in spain.
Default

I think you are correct although if you receive a pension it is normally clear to the bank as to the origin of the money, if you receive money from other sources the bank may ask for further info. because of money laundering.

Reply With Quote Quick reply to this message
Reply


Tags
banking, unicaja

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Expat Forum For People Moving Overseas And Living Abroad forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Location
Where you live
Expat From Country
Please select the country you originate from. This will appear as a flag when you make posts on the site.
Expat To Country
Please select the country you have either moved to or want to relocate to. This will be presented on the site when you make posts.

Log-in


Thread Tools

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Frozen Bank Account - Job Change dxbquestions Dubai Expat Forum for Expats Living in Dubai 0 21st February 2016 12:10 PM
Open bank accounts in Australian bank from India kan411027 Australia Expat Forum for Expats Living in Australia 6 30th November 2014 03:19 PM
Bank Accounts captaindog Spain Expat Forum for Expats Living in Spain 44 20th December 2010 02:27 PM
bank accounts captainben Thailand Expat Forum for Expats Living in Thailand 1 12th April 2010 06:48 AM
Bank accounts - do we have to close existing accounts? vickyplum USA Expat Forum for Expats Living in the USA 3 18th March 2008 08:10 PM

FORUM PARTNERS

ExpatForum.com is owned and operated by VerticalScope Inc.

Retiring Overseas Guides | Moving Overseas Guides | Cost of Living | Health Care Guides


All times are GMT. The time now is 08:32 PM.


Powered by vBulletin®
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.