How to manage money and cash flow while living in Spain

unforeseen

brianposter said:

unforeseen said:

You will probably find that some things will need payments from Spanish bank accounts. 
You can open non-resident accounts fairly easily. Note however that the majority of Spanish bank accounts have monthly charges

Standard charge is about 14 euros/month. To avoid the charges you need to make a regular payment into the account and also use a card at regular intervals.

You will also need a NIE.

You don't need a NIE for a non-resident account. That only applies to a resident account

greyteam1959

unforeseen said:

brianposter said:

unforeseen said:

You will probably find that some things will need payments from Spanish bank accounts. 
You can open non-resident accounts fairly easily. Note however that the majority of Spanish bank accounts have monthly charges

Standard charge is about 14 euros/month. To avoid the charges you need to make a regular payment into the account and also use a card at regular intervals.

You will also need a NIE.

You don't need a NIE for a non-resident account. That only applies to a resident account

You DO need an NIE number to open a Spanish bank account.

[Deleted User]

eDicky said:

dahj said:

As a side note, Starling (and Revolut) currently use UK IBANS - it's not clear what will happen once the UK fully exits the EU/EEA at the end of the year.

Use of IBANs is not limited to EU/EEA member countries' banks.

I know this - UAE banks have them.
As I said, the UK is exiting the EU single market, so EU/EEA law will no longer apply to UK banking transactions.
Hello petit Angleterre

mgdavid

dahj said:

eDicky said:

dahj said:

As a side note, Starling (and Revolut) currently use UK IBANS - it's not clear what will happen once the UK fully exits the EU/EEA at the end of the year.

Use of IBANs is not limited to EU/EEA member countries' banks.

I know this - UAE banks have them.
As I said, the UK is exiting the EU single market, so EU/EEA law will no longer apply to UK banking transactions.
Hello petit Angleterre

membership of the EU is irrelevant as you have shown by stating that the UAE have them.