Mentor Group Gold - AD Thread! High street bank in Spain

[CALAY]

Thanks but I want a guaranteed by state deposit. I am not sure if wise does that. I hold a bit of chf on revolut though but would rather transfer to Swiss institution.

Hey,
I can introduce you to a Spanish high street bank, you would be able to open a multi currency account and keep a deposit in CHF. Please note that the state guarantees your deposit up to 100K EUR equivalent. We can organise the process both remotely and physically in the branch.

 

[daniels27]

Hey,
I can introduce you to a Spanish high street bank, you would be able to open a multi currency account and keep a deposit in CHF. Please note that the state guarantees your deposit up to 100K EUR equivalent. We can organise the process both remotely and physically in the branch.

But what are the fees of the bank? Do you have a link to the website?

 

[Yrybak08]

Hey,
I can introduce you to a Spanish high street bank, you would be able to open a multi currency account and keep a deposit in CHF. Please note that the state guarantees your deposit up to 100K EUR equivalent. We can organise the process both remotely and physically in the branch.

I have an account with Sabadell and BankInter, want to stick to Spain but I’m not happy with those two. Can you help? What’s the process?

 

[Tarzanboy1]

Hello Calay, I wite to you for a anonymous card...please send me a PM
thank you
tarzan

 

[jafo]

Please note that the state guarantees your deposit up to 100K EUR equivalent

What is the minimum deposit to open the bank account?

 

[Piano]

Is this the account you offer ?

https://www.bancosantander.es/en/pa...jetas/cuentas-corrientes/cuenta-no-residentes

 

[CALAY]

Is this the account you offer ?

https://www.bancosantander.es/en/pa...jetas/cuentas-corrientes/cuenta-no-residentes

No, we do not work with Santander. Also please note that this type of accounts requires you to live in Spain to contract (take a look at the pic attached)

 

[Piano]

What is the minimum deposit to open the bank account?

I would like to know too

 

[CALAY]

I would like to know too

Regarding bank fees, consider typical fees for multi-currency accounts, which usually range 20-30 euros per month. We would need to conduct a compliance report (AML, KYC, etc.) with our teams to ensure adherence to bank requirements and local regulations.
There is no minimum deposit required from the bank side.

In any case, it would be beneficial to understand your specific circumstances to provide the best advice. Please feel free to DM us for further guidance.

 

[vehzag]

Regarding bank fees, consider typical fees for multi-currency accounts, which usually range 20-30 euros per month. We would need to conduct a compliance report (AML, KYC, etc.) with our teams to ensure adherence to bank requirements and local regulations.
There is no minimum deposit required from the bank side.

In any case, it would be beneficial to understand your specific circumstances to provide the best advice. Please feel free to DM us for further guidance.

Please share the info in PM
What is the name of this bank and what are the benifits to work with you
Thanks

 

[CALAY]

Please share the info in PM
What is the name of this bank and what are the benifits to work with you
Thanks

Sure, just sent you a PM.

 

[Piano]

Sure, just sent you a PM.

Can you also PM me ?

 

[CALAY]

Can you also PM me ?

Done!

 

[AdH]

I am living now in Spain, and what I found for any bank account that I tried to open, is that the person has not the Spanish NIE, the banks refuses to open the bank account. In case banks opening bank account for NO Spanish residents but EU residents, I am not sure; as per google consults they said that is possible; what some clients tested was not possible.. This is only a comment, nothing 100% sure!

 

[Forester]

In case banks opening bank account for NO Spanish residents but EU residents, I am not sure; as per google consults they said that is possible; what some clients tested was not possible.. This is only a comment, nothing 100% sure!

Well, there is certain EU regulation saying that any EU citizen is entitled to have (in a particular EU member country) one so called (IIRC) basic account, especially if he/she lives in that country. In certain countries (e.g. France) it seems to be really enforced. No clue about Spain, though.
@CALAY, could you comment, as a person knowledgeable of the Spanish environment?

 

[JohnLocke]

@CALAY, could you comment, as a person knowledgeable of the Spanish environment?

second that question, would be nice to get some information about it if possible.

 

[AdH]

Dear All,

This morning, I will personally call to three Spanish Banks.

What I am 110% sure, in case you could get a non resident bank account in Spain, you will need the Spanish NIE.

Kind regards
AdH

BBVA Bank:
from its web site:
YES, you can
- If you are EU Resident:
- Passport or ID card
- Address in Spain
- Spanish NIE (this information over the phone)
- If you are not in any Black list
- The client has to go in person to the branch
- You have to have the CUE (Certificate of a UE Member) This is the first time that I read this Certificate
- If you are NOT EU Resident:
YES you can
- If you have a PASSPORT
- If you have an address in Spain
- If you have Spanish Nie
- If you have the TIE
- If you are not in any Black list
- The client has to go in person to the branch


Waiting Information for Santander and ING

Santander Bank Information by phone request.
YES, you can
- If you are EU Resident or Not EU resident, you can open a bank account
- Only wiht Passport
- It is NOT necessary Address in Spain
- Spanish NIE IT IS NOT NECESSARY
- If you are not in any Black list
- The client has to go in person to the branch


I am waiting for the ING phone conversation!

 

[CALAY]

second that question, would be nice to get some information about it if possible.

Regarding banking in Spain, we closely work with partner local high streets banks. Indeed, we prepare with our teams a compliance file on the format requested that we later on submit. I would say that for EU passport holders (company directors), the process is straightforward, requiring to conduct AML, KYC and black lists ("lista de morosidad") clearance -nor a NIE (spanish residency) nor a NIF (spanish tax number) are compulsory- . Regarding the corporate entity, we would need detailed documentation (including the incorporations documents and the financial statements if available). We are able to process through with a wide range of conventional trading activities. Although, "High risk" operations would have to be taken on case by case basis, and the same applies to company directors holders of non-EU countries. We can proceed with banking both remotely and in branch directly upon request.

I would like to emphases that those are general information , we would need to study the file in order to provide a tailored guidance.

Feel Free to DM.

Regards.

 

[nobel]

Forget it, I've been trying to get an account in Spain for 5 years. It's impossible. Santander costs 16€ a month which is too much. They stress you with KYC and want tax declaration and income proof which I don't have.

 

[CALAY]

Forget it, I've been trying to get an account in Spain for 5 years. It's impossible. Santander costs 16€ a month which is too much. They stress you with KYC and want tax declaration and income proof which I don't have.

Feel free to send us more info on your case, we would be glad to try to help you.