10 Feb 2021 20:17:
After doing some more research I think there are several strands to this.
1) Payments from GB Ibans in Euros to Spain where Banks like Sabadell are charging 18 Euros to receive funds. That is one issue
2) Whether a Spanish entity will accept a non Spanish IBAN for a direct debit. BTW this does not only affect UK residents other instances have been noted.
In my own circumstances I started being charged last year by Bankia for monthly maintenance. I began moving all my direct debits to Transferwise in anticipation. As it happened I challenged Bankia and got the charges reversed as they had not recognized an insurance I had with them, but continued with the DD transfer process nevertheless. Transferwise provides a Belgian IBAN number and I had no probs with Electricity, community fees etc. The one I had problems with was water, but I insisted that it is a European legal requirements that they accept a non-spanish Iban. Eventually they produced a word document to complete. Iberdrola is now even set up to provide a drop down box for country of identification of an IBAN number as they vary in length by country,
Now the only issue I have encountered is with the "Hacienda" in paying non-resident tax. Apparently they will only accept a Spanish Iban for direct debit. I had discussions with a friend who runs a business in Spain who was also looking into this. At the time we discussed N28 and at that time was not recognized as a "partner" by the Hacienda for payment of taxes. If N28 now uses Spanish IBANS this may now longer be the case.
It seems as ever with Spain most commercial enterprises are following the EU instructions, but as for the Hacienda who knows!
There is probably also post brexit confusion about supplying full address details for GB based Euro accounts, as we remain a member of SEPA.
If anybody has any further information to clarify that would be helpful. I found the attached link quite interesting especially the comments.
https://www.europeanpaymentscouncil.eu/news-insights/news/brexit-1-january-2021-onwards-get-ready-end-transition-period
Un saludo
Thread:
Starling Bank Euro Account
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