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moving to spain

seckfordmover
seckfordmover Posts: 1 Newbie
in Credit cards
HI all. I am planning to relocate to Spain sometime this year. Is it better to open a bank account with,say, Santander and transfer my assets to it? will this avoid some bank charges?

Comments

  • Aquamania
    Aquamania Posts: 2,112 Forumite
    Banco de España
  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    You'll need to check but i think Santander UK and Spain are run as separate vehicles...
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    seckfordmover wrote: »
    ... will this avoid some bank charges?
    You are more likely to save on charges by checking mycurrencytransfer.com and fxcompared.com
  • guesswho2000
    guesswho2000 Posts: 1,703 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Uniform Washer
    Well if you transfer all your cash into a Santander current account, you'll be able to withdraw it in Spain at Santander ATMs with no charges, but that's the only benefit to my knowledge.
  • MEM62
    MEM62 Posts: 5,518 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I have close friends living in Spain and my girlfriend also has family out there. They keep UK bank accounts and have no issues. (For a few ex-pats in their village it has also made returning home more straightforward when they came to the conclusion that the grass wasn't greener!)
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