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Thread: Bank information

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    Bank information

    I know there has been lots of debate on this subject but i thought I would start a new thread.
    I am coming over the Tenerife before the end of the year and will need a bank account which will accept my 2 monthly pensions into it (about e700 in total) and will pay any direct debits.
    I do intend to become resident straight away as my home (and all assets) in the UK will have gone.
    I presently have a LaCaixa account (as I have a property on mainland Spain) and at present I pay a maintenance charge of e48 per annum and I pay for my debit card.
    I am considering cancelling this in favour of something based in Tenerife.
    Any recommendations or guidance appreciated.
    Liz

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    Re: Bank information

    Caixa is the best bank with full keyboard cashpoints which help you manage all your banking action without needing to queue in the bank.
    When you come over, go to a branch and see a personal banker (no need to stand in the long queue for cashier). Show them your pension docs, tell them you are going to receive your pension in this account, and ask them to change your status from nonresident to resident (you need the green permanent resident card, (and possibly Padron document from town hall to be on the safe side). That should stop your annual nonresident charges.
    However, the £/Eu is horrendous at the moment, and you may want to spend any Euros you have at the mo instead of exchanging until the situation hopefully changes for better.
    Good luck

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