Last Updated on October 24, 2023 by Bruno Bianchi
Question
I’m not at that point yet, but I saw that when you buy a property in Spain you will probably need to get a cheque from the bank to take to the notary on the day of signing it. I checked with my bank (Santander) and it seems quite expensive to get a cheque for that … something like 400 Euros, which, to me, in 2022, to simply transfer from one account to another is something absurd. Is there any way around this, or any banks that are cheaper to make such cheques?
Answers
These are the answers of some Facebook group members:
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Start the Moving to Spain Hub →“When we bought I transferred the € to my solicitor and they drew the cheques”
“I don’t think there’s any set rule or way of doing a sell or buy. I recently sold our apartment in Cabanyal through a real estate agency. The buyers had their own real estate agency and the buyers transferred the deposit directly to my US bank account. Which normally would go into an escrow account if this were a US sale. They also transferred the final payment directly to my account on signing day. No cheques involved.”
“I have paid with a cheque bancario from my ING account and it was free.”
“BBVA did not charge for the two checks I had to take to the notary for the closing.”
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Explore Cities →“Ask at ING, I think you have a number of free cheques per year.”
“It depends on the type of contract that you have signed with your bank. Sometimes, the same bank will charge you for the emission of the Cheque Bancario, and sometimes not. Ask your Bank how much”
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