Albufeira's Forum : Millennium Bank New Charges https://albufeira.com/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Sat, 16 May 2026 23:29:32 +0000 Wed, 09 Mar 2016 23:50:18 +0000 https://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.03 360 albufeira.com/forum/RSS_post_feed.asp?TID=9019 <![CDATA[Albufeira's Forum]]> https://albufeira.com/forum//images/albufeira-forum-logo.png https://albufeira.com/forum/ <![CDATA[Millennium Bank New Charges : Activobank everything its free,...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post96368.html#96368 Author: Alvaro
Subject: 9019
Posted: 09/March/2016 at 23:50

Activobank everything its free, but to not residents...i dont no...

www.activobank.pt]]> Wed, 09 Mar 2016 23:50:18 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post96368.html#96368 <![CDATA[Millennium Bank New Charges : Jayjan wrote:Another question...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95858.html#95858 Author: cubsur
Subject: 9019
Posted: 08/February/2016 at 09:50

Originally posted by Jayjan Jayjan wrote:

Another question Tom. If your balance on your current account falls below a certain figure, will you be liable for bank charges on that, if so its a no win situation.


I am not 100% sure of that of the equation but my understanding is that providing the savings balance remains at that number I will still be exempt on that score. If I recall correctly it was an average balance of €2,000 across a year to be free of charges, but things have changed.

Something I shall keep an eye on.

Once I start getting my UK state pension paid in regularly, as a resident I become exempt from most charges.
]]> Mon, 08 Feb 2016 09:50:06 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95858.html#95858 <![CDATA[Millennium Bank New Charges : Another question Tom. If your...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95846.html#95846 Author: Jayjan
Subject: 9019
Posted: 07/February/2016 at 13:05

Another question Tom. If your balance on your current account falls below a certain figure, will you be liable for bank charges on that, if so its a no win situation.]]> Sun, 07 Feb 2016 13:05:07 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95846.html#95846 <![CDATA[Millennium Bank New Charges : Banks confuse people! Never.I...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95844.html#95844 Author: cubsur
Subject: 9019
Posted: 07/February/2016 at 10:21

Banks confuse people! Never.

I went to the bank and they explained that there had to be €5,000 in savings or a regular incoming payment eg pension every month. I was able to juggle some money around as I get my private 'pension' payment as a lump sum, so it was just a matter of moving it from current to savings. Plus waving my residencia to prove I lived here and not in the UK.

Now I have to hope I don't run out of money in the current account before next July.

It might be worth pursuing next time you are in town but my understanding is that non  residents will pay the charge. Some UK banks do the same, so its not particular to Portugal but how its justified, if indeed it is justified anywhere, I do not know.
]]> Sun, 07 Feb 2016 10:21:07 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95844.html#95844 <![CDATA[Millennium Bank New Charges : Well Tom we have had over the...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95837.html#95837 Author: Jayjan
Subject: 9019
Posted: 06/February/2016 at 13:03

Well Tom we have had over the €5000 mark in our account   at some stage and have still got charged this €5.20. I know its only a small amount but its the principle behind it that annoys me and probably lots of other account holders. Their pricing policy on website is not clear, suppose its only there just to confuse people.]]> Sat, 06 Feb 2016 13:03:31 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95837.html#95837 <![CDATA[Millennium Bank New Charges : Their idea of a substantial amount...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95833.html#95833 Author: cubsur
Subject: 9019
Posted: 06/February/2016 at 09:06

Their idea of a substantial amount of money is basically €5,000 or a regular pension payment of I think at least €180 a month into your account. I currently do not have the latter, waiting until September 2017!
]]> Sat, 06 Feb 2016 09:06:35 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95833.html#95833 <![CDATA[Millennium Bank New Charges : Careful Stuart, they might charge...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95827.html#95827 Author: bob d
Subject: 9019
Posted: 05/February/2016 at 18:32

Careful Stuart, they might charge quarterly or twice a year or once a year but I bet they will get you eventually. ]]> Fri, 05 Feb 2016 18:32:17 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95827.html#95827 <![CDATA[Millennium Bank New Charges : Although, I&#039;ve had my account...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95805.html#95805 Author: stuart123
Subject: 9019
Posted: 04/February/2016 at 16:52

Although, I've had my account open for 3 months now, and never once been charged the monthly fee.

The 1 euro+tax fee for transfers annoys me though!!

Especially as if I'd done this via ATM it would be free - another example of if you are not in the country, you get additional fees.
]]> Thu, 04 Feb 2016 16:52:11 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95805.html#95805 <![CDATA[Millennium Bank New Charges : I think its discrimatory against...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95801.html#95801 Author: Jayjan
Subject: 9019
Posted: 04/February/2016 at 16:29

I think its discrimatory against non residents, another  instance where they  are taking  the pee. Money is money after all, especially if you have a substantial amount in your account regardless of it  being a  current  or savings account. Feeling annoyed!!!!!]]> Thu, 04 Feb 2016 16:29:12 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95801.html#95801 <![CDATA[Millennium Bank New Charges : Just to confirm that by showing...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95794.html#95794 Author: cubsur
Subject: 9019
Posted: 04/February/2016 at 12:14

Just to confirm that by showing the bank I have Residencia and juggling some money to put more in the savings account, the monthly €5,20 charge has gone.

That's a few more pints I can have without feeling the pinch.
]]> Thu, 04 Feb 2016 12:14:27 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post95794.html#95794 <![CDATA[Millennium Bank New Charges : I looked at the 8 Euro per month...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post94508.html#94508 Author: cubsur
Subject: 9019
Posted: 28/October/2015 at 10:29

I looked at the 8 Euro per month option but as I don't make regular payments into my account (just one per year at the moment) it doesn't seem to work for me.

I am still pondering. No rush, as this month's €5,20 has already gone out.
]]> Wed, 28 Oct 2015 10:29:04 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post94508.html#94508 <![CDATA[Millennium Bank New Charges : I&#039;ve just opened an account...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post94499.html#94499 Author: stuart123
Subject: 9019
Posted: 27/October/2015 at 13:29

I've just opened an account with Millennium BCP, and it was made clear about the 5.20euro a month fee - although the forms I filled in stated 8euro !

For the money, you don't pay an annual card fee (15euro per card) and you also get medical emergency cover.
]]> Tue, 27 Oct 2015 13:29:07 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post94499.html#94499 <![CDATA[Millennium Bank New Charges : Jayjan wrote:So why have they...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post94496.html#94496 Author: cubsur
Subject: 9019
Posted: 27/October/2015 at 10:47

Originally posted by Jayjan Jayjan wrote:

So why have they got a price list on their website that means absolutley jack S*i*. Angry


Common practice is it not, to make pricing incomprehensible to the average person.

I will bet most people haven't a clue why they pay what they do for banking, phone, gas, water, electricity etc etc and are not bothered to change to a different supplier where possible.

As for me, I am going to delve into the ways and means of moving some money around to avoid the monthly charge, which is equivalent to two beers per month, and I get 0.05% interest (less tax of course) by having more in savings.

Or I might put it on a horse so to speak.
]]> Tue, 27 Oct 2015 10:47:07 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post94496.html#94496 <![CDATA[Millennium Bank New Charges : Sounds like Barclays had our account...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post94493.html#94493 Author: carolenclive
Subject: 9019
Posted: 27/October/2015 at 09:45

Sounds like Barclays had our account since University 50+ yrs ago and the present current one Premier approx 9 yrs only to be told recently that because we have less than 70.000 going in annually we no longer qualify and they are reverting us back to a normal current account.They then informed us that we can pay the extra to keep things such as Travel insurance, car cover gadget cover etc and we could have a discount on them if we took out the full package.All banks stink.Now considering changing after all these years.]]> Tue, 27 Oct 2015 09:45:55 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post94493.html#94493 <![CDATA[Millennium Bank New Charges : So why have they got a price list...]]> https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post94485.html#94485 Author: Jayjan
Subject: 9019
Posted: 26/October/2015 at 19:37

So why have they got a price list on their website that means absolutley jack S*i*. Angry]]> Mon, 26 Oct 2015 19:37:48 +0000 https://albufeira.com/forum/millennium-bank-new-charges_topic9019_post94485.html#94485