Uk bank details asked for?

Can anyone please advise us. We have been ask to give our Uk bank details to our solicitor for completion. We have been told it's incase the notary wants to see the account the money has been taken from (deposit).

Is this normal? We are not keen on giving our Uk bank details over. Also, our solicitor has power of attorney. Any info will be appreciated. 

 The only bank details that our solicitor asked for were the newly opened Spanish bank account. That was to set up payments for utilities. Take plenty of advice before you give UK details.

I am sure Maria will be happy to advise- her help is invaluable on this site.

Hi DG68

What I believe is going on here is due to money laundering laws. Ask your solicitor if this is the case. If so I am sure that your UK bank will give you a certificate to show that the money is from legal source. I am not sure why you were asked this.

Enjoy your new home.

Regards.

Thanks for the advice.

We actually paid the deposit through an exchange company, so I suspect it is to do with money laundering. Our solicitor did mention the money needed to be seen as declared. When you are asked for such important information which we use in the Uk it does make alarm bells ring.

It's good to know the forum is here to help ease the worry.

Hi DG68

This is perfectly normal for the bank to ask for this and it is indeed as Myra says due to money laundering laws. The bank will want to know the account details of where the money came from, i.e. the account where you sent the funds to the money exchange company.

Hi all

I was also asked for my irish bank account details to be brought to the notary office when completing, and the notary did look at them, I think they are just trying to clean up their act in spain so they need a paper trail for everything

mark

Hi all,

Thank you. Glad to hear it is the norm.

We complete tomorrow and so looking forward to picking up those keys!

DG68:

You are not obligued to give your UK Bank Account to the solcitor for completion.  Regarding money laundering measures, the certificate which is required by the Notary at completion is always made by the Spanish Bank which has received your foreigner funds and no details of UK bank details are needed by the solicitor as the Bank has full track of the transference.

It is very interesting... why do not you ask your solicitors what they want those Bank details for?

Maria

Hello Maria.

Good for you. Up to date and correct information as usual. Thank you spain for lawyer's like yourselves.

Regards.

You are a sun Myra!

Will you be coming to the EOS party in July? I would love to see you again.... afte one year!

Maria 

Good to know Maria - I only speak from experience!   I guess it seems similar to the Life Assurance situation; legally banks cannot force you to take their product - but they do!!

the fact that monies come from an exchange company is important in that

the exchange company has the liability of money laundering rules and regulations not the bank / person to whom they are passing the money on to