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Transferwise

Posted: Sat Jul 6, 2019 3:48pm
12 replies404 views5 members subscribed
Stueyc

Posts: 31

Location: Camposol

1 helpful posts

Hi all 

Thinking of using transferwise as lots of recommendations

Wonder if you can all help

Not sure of how this works

Do you use transferwise to move money from uk account to Spanish bank account and then pay for property and then bills from Spanish bank account or do you use transferwise like a bank account and they pay the money to the solicitor , estate agent etc and provide direct debit service ?

Hope you can help clarify  

briangmoore

Sat Jul 6, 2019 5:10pm

Posts: 35

Location: Fuente Álamo

20 helpful posts

Posted: Sat Jul 6, 2019 5:10pm

Mostly, you would use Transferwise to move money from your UK bank account to your Spanish bank account and, if needed, grant your Spanish lawyer (abogado) power of attorney to set up and where necessary pay your bill payments. Hope this helps.

Stueyc

Stueyc

Original Poster

Sat Jul 6, 2019 6:13pm

Posts: 31

Location: Camposol

1 helpful posts

Posted: Sat Jul 6, 2019 6:13pm

Brian

Thanks for clarifying 

HelenRooke

HelenRooke

Helpful member

Sat Jul 6, 2019 10:36pm

Posts: 106

Location: Camposol

109 helpful posts

Posted: Sat Jul 6, 2019 10:36pm

We use Transferwise to put money in our Spanish bank account and also to pay our solicitors directly when purchasing our property.  Spanish banks charge for transfers to solicitors so cheaper to pay directly.

Stueyc

Stueyc

Original Poster

Sat Jul 6, 2019 11:20pm

Posts: 31

Location: Camposol

1 helpful posts

Posted: Sat Jul 6, 2019 11:20pm

Helen

Thanks for replying 

Stu 

Roland

Roland

Helpful member

Sun Jul 7, 2019 9:44am

Posts: 791

Location: Camposol

379 helpful posts

Posted: Sun Jul 7, 2019 9:44am

I have used Transferwise for many years.

Easy to use & goods rates.

Money is in Spanish bank the next day or sometimes earlier.

I just top up my Spanish bank account as & when necessary to pay direct debits.

If I have a large one off bill to pay I use Transferwise to pay that bill direct.

Roland

Roland

Helpful member

Sun Jul 7, 2019 9:44am

Posts: 791

Location: Camposol

379 helpful posts

Posted: Sun Jul 7, 2019 9:44am

I have used Transferwise for many years.

Easy to use & goods rates.

Money is in Spanish bank the next day or sometimes earlier.

I just top up my Spanish bank account as & when necessary to pay direct debits.

If I have a large one off bill to pay I use Transferwise to pay that bill direct.

Stueyc

Stueyc

Original Poster

Sun Jul 7, 2019 10:58am

Posts: 31

Location: Camposol

1 helpful posts

Posted: Sun Jul 7, 2019 10:58am

Roland

Thanks for the reply 

Stu

chucky

Tue Jul 9, 2019 12:42pm

Posts: 17

Location: Camposol

2 helpful posts

Posted: Tue Jul 9, 2019 12:42pm

We use transferwise to top up our spanish bank account for bills, direct debits etc but as for paying for our property, we used a company in London called IFX, fantastic. You pay the equivalent of what you need to pay your property into IFX account, tell them your spanish solicitors account number and the date you want the money to go over and they do the rest, no fee and highest rates. Couldn't fault them

Stueyc

Stueyc

Original Poster

Tue Jul 9, 2019 5:20pm

Posts: 31

Location: Camposol

1 helpful posts

Posted: Tue Jul 9, 2019 5:20pm

Chucky

Thanks for your reply 

Really helpful thanks

Stu 

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