How to save up to 4,000 euros when changing your service provider

Choosing the cheapest providers for basic household services is one of the measures that has the most positive impact on consumer spending. Specifically, according to an analysis of Kelisto, al change the light provider, gas, or insurance company and bank, you can reach a maximum savings of 3,944 euros per year. The average cut in spending is not trivial either: 1,417 euros per year.

On the savings website they explain that the average savings will be 13% of the total budget of a household. A figure that would be even higher in communities such as Extremadura (17.01%), Canarias (15.53%) and Castilla-La Mancha (14.85%). The report must be very welcome, given that, as they point out, “almost 8% of the population admit to having had delays in paying their bills in the last year and 34% cannot afford unforeseen expenses ”.

At Kelisto, they not only put their long teeth in with the numbers, but explain, step by step, how to change providers. Follow these instructions:

How to change your electricity and gas supplier?

The electricity bill can rise to 93 euros a year per household in 2021. Given what has been seen, the exchange will have to be considered. For change energy companyYou have to contact the new company with which you want to contract and they will take care of the procedures.

You will only have to send the signed contract along with the requested documentation: normally it is enough with the DNI, the bank details for the direct debit of the payments and the supply data, that is, the CUPS code that appears on the invoices and that identifies each power supply point. The change of company occurs between 15 and 20 days after the request.

It should be remembered that the change of company does not imply cuts in supply Y It will not involve any additional cost, unless you have a permanence clause with your current marketer.

They calculate that the average annual saving for changing the electricity supplier will be 71.70 euros (can reach 163.08). Regarding gas, the average cut would be around 35 euros.

Change insurance company

Since January 2016, the deadline for cancel an insurance policy in Spain It is one month, although the two-month period that the insurer has to communicate changes in the conditions of the policy or the intention not to renew it is maintained.

In most cases, it is enough to inform the company by telephone about the intention to cancel the policy. However, it is advisable to communicate the resignation in writing or, directly, consult with the insurer what is their usual procedure.

The average savings, among the most common insurance, will be 92.78 euros for the car and 48.08 for the home. If you have contracted a health policy, the discount will be around 142.44 euros.

Mobile and fixed telephony and Internet

The term foreseen for the change of telephone company by current legislation is one business day from the moment the user reaches an agreement with the new operator, although when the SIM must be sent by mail, the process may be delayed until the new card is received.

If you have requested portability (that is, if you want to keep the phone number), your company will receive the request from the new operator and will process the cancellation of services automatically. If you have not requested portability, you will have to first unsubscribe with your current company, it is not enough to hire the new operator for the previous rate to be canceled.

In the case of landline and internetThey state that users can change companies in a single working day requesting portability, which allows them to go to another operator for free while keeping the number. However, in the case of broadband packages with fixed telephony, the maximum term is six days, since the operators –both the one that the client loses and the one that gains it– have to carry out extraordinary work in the telephone exchange to provide broadband service.

If it is a fixed portability, the operator that wins the client is obliged to inform the user of the deadline to cancel their portability. To do this, you will need to contact him and not the company you originally had. Remember, yes, that some companies may charge you an extra for services already provided if you cancel portability to the new line.

Savings from changing landline, mobile and Internet providers can reach 408 euros per year, with an average of 284.82.

How to change a bank mortgage?

A good choice of mortgage, they emphasize, would be capable of generating savings of 1,352.52 euros per year. Being somewhat less optimistic, it would stay at 361.80. You have to follow these instructions for changing a bank mortgage:

1. When you have already decided on an offer, the new bank must inform your current entity that you want to make an offer mortgage subrogation and this will have a period of seven calendar days to certify the amount to be subrogated.
2. Once this information has been communicated, the bank of which you are still a client will have 15 calendar days to present you a counter offer, but, if you do not accept it, after that time the subrogation will proceed.

Regarding the cost of taking your mortgage to another bankRemember that the fundamental expenses of this procedure are:

• The surrogacy commission: It is limited by law and varies depending on the type of mortgage you have (fixed or variable).
• The opening commission: the bank to which you are going to take your mortgage could charge it, although it is very unusual.
• Administrative costs: that is, the expenses of the notary, the Property Registry, agency and appraisal. With the entry into force of the new Mortgage Law, the client only has to pay the appraisal expenses; the rest correspond to the bank.

Bank accounts

With the new year, four of the large Spanish banks have raised their fees or have tightened the requirements to get rid of them: Banco Santander, Banco Sabadell, BBVA and CaixaBank, If you want to change a bank account, what you have to do ask for the request form to transfer the bank account to which you want your new bank to be. From this moment on, the new entity will manage all the steps.

Specifically, as soon as you receive your form to carry out the portability of one of your accounts, your new entity will have a period of two business days to request from your previous bank:

• A list with the transfer orders and direct debits that were in your account.
• Information about the transfers you usually receive (corresponding to the last 13 months).
• The transfer of the balance you had in your old account.
• The closure of the account you had at your old bank and all the products associated with it (for example, cards).

Five business days after receiving all the information you requested from your old bank, your new entity will have to:

• Do all the necessary procedures to maintain the transfer orders and direct debits that were in your old account.
• Provide your account information to those who used to make periodic transfers (for example, in the case of your payroll, give your account information to the company you work for).

As regards your old entity, as soon as your new bank requests all the information and the balance in your account, your old entity will have five business days to:

• Send to your new bank all the information you have requested.
• Cancel any transfer order.
• Transfer the balance in your old account to the new one.
• Close your old account (from the date you have indicated) and as long as you have no pending payments associated with that account.

In addition, your old bank will not be able to block your means of payment (for example, cards) before the date you have indicated in your account change request.

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