Non Resident bank accounts

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Jolly
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Joined: Sun Dec 30, 2018 4:33 pm
Location: Cambs, U.K

Non Resident bank accounts

Postby Jolly » Fri Oct 30, 2020 12:30 pm

We have just had an offer accepted on a property and are looking to open a bank account for the relevant financial matters. Can anyone suggest a particular bank please? Just to Clarify, we are in the UK now having recently returned from Torre del Mar/Malaga with our NIE's.
I tried Sabadell, who have just informed me they can only open an account in person.
I'd be interested to hear anyone else's experiences with this ?

Jolly

DannyB
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Joined: Thu Dec 08, 2016 1:44 pm
Location: Tolox

Re: Non Resident bank accounts

Postby DannyB » Fri Oct 30, 2020 2:36 pm

When we were going through the same process we got our solicitor to open the account. We gave him power of attorney to make the whole process easier as we were in the uk
We have also opened a Starling account which gives easy and cheap access to a euro account, but all the Spanish governmental agencies seem to need a Spanish IBAN so you will still need a Spanish bank account

Beachcomber
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Joined: Tue Jun 15, 2004 11:11 pm
Location: Guadalhorce Valley

Re: Non Resident bank accounts

Postby Beachcomber » Fri Oct 30, 2020 7:20 pm

It is unlikely that you will be able to open an account with any bank remotely. It can be done on your behalf with a power of attorney but you will need to produce UK tax returns or a P60 showing your National Insurance number.

Jolly
Tourist
Posts: 6
Joined: Sun Dec 30, 2018 4:33 pm
Location: Cambs, U.K

Re: Non Resident bank accounts

Postby Jolly » Sun Nov 01, 2020 4:08 pm

Thanks both, if you don't mind me asking DannyB , what was the cost involved in getting the solicitor to open the account please ?

elusive
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Location: East of Malaga

Re: Non Resident bank accounts

Postby elusive » Sun Nov 01, 2020 4:28 pm

If you are gonna do it that way jolly use a gestor not a solicitor just as qualified for what you need but prob half the price.

Beachcomber
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Location: Guadalhorce Valley

Re: Non Resident bank accounts

Postby Beachcomber » Sun Nov 01, 2020 5:32 pm

I am assuming you will have to do this from the UK given current travel restrictions.

If you are using a gestor or suchlike to help you with the purchase of the property the cost of opening the bank account would probably be included in the overall fee but a much greater consideration will be the cost of granting a power of attorney in the UK which must be drawn up by a bilingual notary public in Spanish and English and validated by the Foreign and Commonwealth Office with the endorsement of the Hague Convention together with the validation of your passports.

You will also need a NIE number which you will have to obtain from the Spanish consulate.

Jolly
Tourist
Posts: 6
Joined: Sun Dec 30, 2018 4:33 pm
Location: Cambs, U.K

Re: Non Resident bank accounts

Postby Jolly » Tue Nov 03, 2020 5:31 pm

Thanks again,(Elusive and Beachcomber) i do have a Gestor in mind, i'll ask him about opening an account on our behalves. To answer your question we have NIE numbers but were unable to open an account in person whilst running around getting the NIE sorted in mid October.

Lavanda
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Re: Non Resident bank accounts

Postby Lavanda » Sun Nov 22, 2020 8:39 am

I know it was over 20 years ago but I gave my solicitor Power of Attorney for a limited time and went back to the UK. He got my NIE sorted out and opened my bank account. On my next visit I picked up all the documents from my solicitor, we went to the bank together and there I got all my bank cards, etc. The fee was somewhere in the fees for buying the house but it all seemed reasonable money in those days.


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