Hi everyone
We are moving to Camposol in August but will still need to send money home to England every month. Can anyone tell us what the cheapest and easiest way of doing this is please? Bank transfer? Paypal? Etc.
Many thanks
Tracy
Hi everyone
We are moving to Camposol in August but will still need to send money home to England every month. Can anyone tell us what the cheapest and easiest way of doing this is please? Bank transfer? Paypal? Etc.
Many thanks
Tracy
Posted: Fri May 31, 2019 7:52pm
Super helpful member
If your income is UK pensions, simply choose to have one of them paid into a UK bank rather than into your Spanish bank in Euros.
If the money is in Spain in Euros you should sign up with one of the currency exchange firms (e.g. ForeignCurrenciesDirect - there are others) then set up a regular transfer with them. The more you change, the better the rate you will get.
Look at Transferwise.com
Posted: Fri May 31, 2019 8:58pm
Helpful member
Use TransferWise. Best exchange rate even with charges.
Thank you for your reply. We will both be working as teachers in Spain. We have at least 20 years before we can claim those pensions unfortunately!!
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Posted: Sat Jun 1, 2019 9:17am
I use a Revolut card to send money from England into our Spanish bank account-the exchange rate is good.
Posted: Sat Jun 1, 2019 11:46am
Super helpful member
As other people have said transferwise cheapest and very easy
Posted: Sat Jun 1, 2019 2:52pm
Helpful member
Definitely Transferwise - best rates and quick - just beware you pay a higher charge if you pay by Debit card than if you pay by bank transfer. As others have said, even taking into account the charges - they still offer the best rates.
Open Revolut account they don't charge FX fees and can convert to GBP, EUR, USD and pay direct to EUR and GBP banks. You can also use the card as debit and ATM up to £250 month free.
You can even pay your bills in Spain through it.
Open Revolut account they don't charge FX fees and can convert to GBP, EUR, USD and pay direct to EUR and GBP banks. You can also use the card as debit and ATM up to £250 month free.
You can even pay your bills in Spain through it.
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