We will introduce you to the local branch of one of the major
Spanish banks. Most of the banks on the Costa Blanca which have multi-lingual personnel.
Spanish bank accounts usually attract regular mortgage charges.
When you buy a property it is essential to have a bank
account through which all your monthly payments can be made e.g. water/
electricity etc. You have a choice of 2 types of account:
Current Account
This is much the same as that in any country and you
will be issued with a cheque book and ATM/ debit card. Cheques are
generally not accepted as a form of payment in shops and businesses.
Debit and credit cards are.
Saving Accounts
These offer
interest, although interest rates paid at present are very low (marginally
higher than current account rates). You will be issued with a
cash book where all transactions are recorded. Savings accounts sometimes
include the option of a debit card, but you are not issued with a cheque book.
For both types of account you will receive a slip
for every transaction made and a monthly statement.
Internet Banking
In all banks you will be able to access your account
on-line once you have been given your personal log-in and password.