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Follow on Google News | Banking System of Spain: Banco and CajasBrief information about Spanish Banks and Banking System, foreign and local financial institutions.
By: BanksSpain.com Savings banks, as well as commercial banks are required to contribute a portion of their assets in government securities. Currently, Spain is experiencing a period merging banks and banks in larger groups. Often, banks in Spain have very limited business hours, from 8.00 am to 8.30 or 14.00 or 14.30. Some banks are open in the evening once a week or on a Saturday morning. Spanish banks are allowed to attach to the bank account of all public utilities, including electricity, water, taxes, housing, and a car, telephone and Internet services, and home security alarms. These services can be paid for and personally, but you can only do so from 8:30 am to 10:30 am, and only on certain days of the week (eg, Tuesday and Thursday). Please find more details about spanish banks at http://banksspain.com/ End
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