Day: March 31, 2015

Banks to start charging you DOUBLE to use hole in the wall machines

Posted on by — No Comments ↓

Not content with whacking a charge on ATM machines everytime you withdraw cash, Caixabank has now announced a second €2 which will be applied at their end. And other Spanish banks admit they are mulling the charge over. So if you use a Caixabank card to withdraw cash from any hole in the wall, you get charged €2. And if the hole in the wall machine doesn’t belong to Caixabank, you get another charge from Continue reading Banks to start charging you DOUBLE to use hole in the wall machines→

EU investigates Spain over the foreign asset declaration form 720

Posted on by — 3 Comments ↓

Remember the foreign asset declaration form? The infamous “modelo 720” which obliges residents to declare all major assets outside of Spain, such as bank accounts or a house back in Blighty. You can be fined a vast amount for not declaring these assets. If you don’t file the tax form being obliged to do so, or file it incorrectly, you get fined €5000 per mistake, with a minimum fine of €10.000. And if you don’t Continue reading EU investigates Spain over the foreign asset declaration form 720→