moving to spain

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
    ... will this avoid some bank charges?
    You are more likely to save on charges by checking mycurrencytransfer.com and fxcompared.com
  • 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: 5,252 Forumite
    Part of the Furniture 1,000 Posts 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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