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Pension Transfer. What Are The Bank Charges?

Posted in: Finance
Author: Myra Cecilia Azzopardi

The banks in Spain are not allowed to charge on pension transfers. Furthermore, many banks will offer free banking due to the fact that you have regular transfers. Pensioners do not pay bank charges. This applies to those on a Spanish pension and would be discriminatory to treat an expat resident differently.

Please note: The information provided is based upon our understanding of current legislation. It is not legal advice but is provided freely to enable you to be properly informed. We recommend that if you are considering taking action, you should seek professional advice.

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