Online Banking in Spain

My name is Julien, I’m from France but I’ve been living in Barcelona for the last few months.  I moved to Spain to set up a small web development company, however, I’m still struggling with the language. Due to certain time constraints I’m always behind with my payments and it has been a real challenge to keep on top of the payments that I need to make. With a move sometimes the simplest of things become much more complicated. I found out that HolaBank (the arm of CaixaBank specifically for expats) had quite an established online presence. Through its online bank (one of the best I’ve ever used) I was able to find out about various facilities such as mailbox and tracking, bill management, online payments and foreign currency services.

To make the most of this online bank I opened a current account in Spain with HolaBank. This account meant that I was able to use telephone service to translate into French… and suddenly everything started to get much easier.

 

International Transfers

The most common way of making a national or international transfer with CaixaBank is by using the “Línea Abierta” service. Of course, the bank also allows you to make transfers from a branch, but this still tends to be the most convenient way.

To make a transfer, CaixaBank offers the “Línea Abierta” service both online and through its apps and in the “accounts” tab you can access the section labelled “international”. You should then select the option to make a new overseas transfer and choose the source account and enter the destination account details. Lastly, you will be asked to confirm the transfer by entering a reference or security code which is usually sent to your mobile.

As I work with people from all over the world and they do not have Caixabank accounts it is good to know that in order to make an international transfer, I just need the bank account IBAN code and the SWIFT code, which in the case of CaixaBank can be found by using the SWIFT/BIC code search tool.

 

Below are the current CaixaBank commission rates for international transfers.

Commission for

Sending a transfer

Receiving a transfer (up to €25,000)

Receiving a transfer (of over €25,000.01)

%

0.40%

Exempt

 

0.20%

Minimum

€3.95

Exempt

 

€3.50

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