06 Mar 2007 12:52 PM:

Hi,

I bank with Banco de valencia, when we first transferred money over for our house purchase 4 years ago, we were charged 0.5% commission, this was reduced to 0.2% after complaining and convincing them wewere going to bank with them.

Then when we sent money over for the deposit on our new house, no charges. however when we went to take the money out again they tried to charge us 0.5%, again this was negotiated down to 0.2% and this was for my neighbour picking up a counter check in the branch..

I checked this out with another bank, Caja Murcia and was told that any transaction above 12000 euros was classed as an international money movement so the charge was correct.

Think I've been ripped off twice now.

Ian

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13 Jan 2007 9:04 PM:

There is also Bricotodo on the N332 between La zenia and Campoamoar and also Alpuente jsu off the 332 on the way to Murcia airport. about 15 minutes form Villamartin.

 

Ian

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13 Jan 2007 9:00 PM:

Smiley
Daylight robbery comes to mind. these charges are the reason that Spanish banks are the richest in europe.
If you transfer more than 12000 euros, it is classed as an international transaction. My bank banco de valencia charged me 648 euros for depositing the money for my first house, this was 0.5%. I challenged this and they said if i was going to bank with them ie direct debits etc they would lower this to 0.2%.
When I sent the deposit for out house on SADM they didn't charge to receive it but when I wanted them to transfer 100K, they were going to charge me 500 euros, like you I went off it. I checked with another bank CajaMurcia and they said this is normal. Again I negotiated this figure down to 0.2%. So my neighbour picked up a counter check for me and it still cost me 200 euros. I was told that there would be no charge if it was a personal cheque.
I realised that the best way to do it if possible is to send the money direct to the builder when you do the foreign curreny transfer and not to your bank account.
The fun will start when we all come to complete our purchase and San Jose want a lump of money in cash. (The old black money) I was told by a solicitor that there is a way around this so I need to check ot out next month.
Hope this helps.

Regards Ian

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