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Old 15th April 2019, 07:46 PM
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Hi everyone, has anyone used or have a cajamar Bank account. My solicitor is recommending them. I travel over in a few weeks viewing inland and need a bank to pay bills once I buy. thank you for any input :]

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Old 16th April 2019, 06:49 AM
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Originally Posted by joannadawns View Post
Hi everyone, has anyone used or have a cajamar Bank account. My solicitor is recommending them. I travel over in a few weeks viewing inland and need a bank to pay bills once I buy. thank you for any input :]
I've been with Cajamar for quite some years now & have had no problems at all.

I do most of my banking online, & that's available in English if you need it.
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Old 16th April 2019, 07:50 AM
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I too have been with CajaMar for almost 20 years. No problems

But. As with any bank make a list of all the services you may require over the years and ask them what the fees are

Never think they will be the same as anywhere else or any other bank or even branch of the same bank

The manager has the authority to vary set fees so if you are not happy, negotiate

In spain it is not unusual for banks to charge a fee for sums deposited into an account. I have an arrangement that such fees will only ever be 30 euro cents per transaction no matter how large the amount

Also in spain, it is not unusual for a bank to charge a percentage on the whole amount when one makes a transfer, with no maximum amount.

Good luck
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Old 16th April 2019, 09:23 AM
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I too have been with CajaMar for almost 20 years. No problems

But. As with any bank make a list of all the services you may require over the years and ask them what the fees are

Never think they will be the same as anywhere else or any other bank or even branch of the same bank

The manager has the authority to vary set fees so if you are not happy, negotiate

In spain it is not unusual for banks to charge a fee for sums deposited into an account. I have an arrangement that such fees will only ever be 30 euro cents per transaction no matter how large the amount

Also in spain, it is not unusual for a bank to charge a percentage on the whole amount when one makes a transfer, with no maximum amount.

Good luck
I'm not charged anything for deposits.

I can't remember exactly what other charges I pay, but they are minimal.

Do check what the non-resident account charges are though, assuming you won't be resident.
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Old 16th April 2019, 12:05 PM
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Please note.

I did not say everyone was or would be charged. I said be aware that banks can make charges for a variety of services. If you do not check then you may be charged

I speak from experience of banking in Spain with a number of banks over a period in excess of 35 years

In the early days I was charged 0.5% for a transfer. It was a substantial sum. The fee was over 800 euros
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Last edited by Juan C; 16th April 2019 at 12:09 PM.
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Old 16th April 2019, 02:45 PM
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Quote:
Originally Posted by Juan C View Post
Please note.

I did not say everyone was or would be charged. I said be aware that banks can make charges for a variety of services. If you do not check then you may be charged

I speak from experience of banking in Spain with a number of banks over a period in excess of 35 years

In the early days I was charged 0.5% for a transfer. It was a substantial sum. The fee was over 800 euros
These days most people in the OP's situation use FX transfer services like CurrencyFair (€3 per transfer regardless of the amount), and I've never heard of any bank charging to accept funds from them.
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Old 16th April 2019, 02:55 PM
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I'm using an FX company for money transfers and the two I've shortlisted don't charge, The main worry would be if the bank charges for the inputs from the FX which I will most likely do every 3 months or so, that way I can pick better transfer rates. ATM machines is also worrying whether they charge if you don't use their machine, these days in the UK your an idiot if you pay to withdraw money from an ATM Machine but my understanding is that Spain banks can and do charge, so having a bank that's well represented across Spain with ATM is important and also what charges are connected to the bank card... Thank you for the input. :]

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Old 16th April 2019, 03:09 PM
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Quote:
Originally Posted by Juan C View Post
Please note.

I did not say everyone was or would be charged. I said be aware that banks can make charges for a variety of services. If you do not check then you may be charged

I speak from experience of banking in Spain with a number of banks over a period in excess of 35 years

In the early days I was charged 0.5% for a transfer. It was a substantial sum. The fee was over 800 euros
When we first banked in Spain it was with Nat West. Everything free including currency transfers at business rate. When the bank decided to pull out of Spain we went with Solbank (subsidiary of Sabadell). A few niggles, we were non resident and didn't keep an eye on it, found we were being charged 9 euro per quarter for "help and advice" services. Apparently we did not get the letter saying we had to opt out! Reverted back to Sabadell and for the first time I paid in a Spanish cheque for 4850 euro only to find out they charged 2% They dropped it to 1% but I closed the account afterwards.

Not sure if it is wise to say where you bank on a forum.
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Old 16th April 2019, 03:12 PM
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Originally Posted by Alcalaina View Post
These days most people in the OP's situation use FX transfer services like CurrencyFair (3 per transfer regardless of the amount), and I've never heard of any bank charging to accept funds from them.
There was a woman in the news a few days ago who lost 485,000 with a currency firm after selling a property in Portugal.

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Old 16th April 2019, 03:26 PM
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Really... Thought they were the safest option :[

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