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Exchanging sterling for Euro’s

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Posted: Sun Dec 16, 2018 1:37pm
9 replies158 views8 members subscribed
Crompo

Posts: 8

Location: Condado de Alhama

2 helpful posts

Can I ask please.

Can anyone advise me on the best but safest option to get the best exchange rates sterling to euros to allow me to buy a property in Spain. I have a Spanish lawyer in place, I have paid a 3k deposit and need to pay the balance of 85k euros. I am nervous of scammers, hence th3 advice request.

Thank you

Dav

Beanie

Sun Dec 16, 2018 4:24pm

Posts: 135

Location: Sucina

46 helpful posts

Posted: Sun Dec 16, 2018 4:24pm

I used hifx but I think transferwise do better rates

Both are trustworthy 

For day to day stuff check out Revolut, it's rates are awesome 

Roland

Roland

Helpful member

Sun Dec 16, 2018 4:46pm

Posts: 265

Location: Camposol

134 helpful posts

Posted: Sun Dec 16, 2018 4:46pm

Transferwise.

Good rates, quick, easy to set up & use online.

RMG

RMG

Sun Dec 16, 2018 6:19pm

Posts: 2

Location: Fortuna

2 helpful posts

Posted: Sun Dec 16, 2018 6:19pm

I’ve tried a couple of different one’s but TransferWise I find by far the best

Dee22

Sun Dec 16, 2018 6:53pm

Posts: 31

Location: Águilas

11 helpful posts

Posted: Sun Dec 16, 2018 6:53pm

We always use Currencies Direct and strongly recommend them for reliability, good rates and personal service.

Kalli

Sun Dec 16, 2018 9:41pm

Posts: 18

Location: Cehegín

6 helpful posts

Posted: Sun Dec 16, 2018 9:41pm

When we needed to convert Pounds to Euros for our house purchase in 2005, we were intending to use a currency dealer. My bank (First Direct) said: did I know that they had someone on the trading floor? I didn't. They could match the rate given by the currency dealer so First Direct did the exchange for a very reasonable fee. So, it might be worth asking your UK bank (if you haven't already).

Alioops

Mon Dec 17, 2018 6:39am

Posts: 58

Location: Camposol

23 helpful posts

Posted: Mon Dec 17, 2018 6:39am

I used IFX to purchase the euros to buy our property. You can buy the currency in advance and the rate is locked in. My lawyer received the money from them within an hour. For smaller amounts I use transferwise. Don't use banks as their exchange rates are poor.

Wizzo

Tue Dec 18, 2018 5:49pm

Posts: 2

Location: Los Alcázares

1 helpful posts

Posted: Tue Dec 18, 2018 5:49pm

Crompo wrote on Sun Dec 16, 2018 1:37pm:

Can I ask please.

Can anyone advise me on the best but safest option to get the best exchange rates sterling to euros to allow me to buy a property in Spain. I have a Spanish lawyer in place, I have paid a 3k deposit and need to pay the balance of 85k euros. I am nervous of scammers, hence th3 advice request.

Thank you

Dav

I really recommend you open a REVOLUT online bank account and get a payment card. I have the upgraded one at £6 a month for the worldwide travel insurance. You can get the free card too.

Exchange your £££s into most world currencies instantly, for free and at full market rate.

Just transfer Euros or other currency to the person/business whom you wish to pay. Again it is FREE and speedy.

The card is used/accepted as other visa or master cards do. Draw cash from a bank, pay a restaurant and again NO CHARGES!

Best thing I and my wife have done, financially better off by ££££££££££s

Good luck!

Potjoe

Tue Dec 18, 2018 7:33pm

Posts: 92

Location: Sucina

16 helpful posts

Posted: Tue Dec 18, 2018 7:33pm

We always use FairFX  all I can say that I cannot find better for Rates .

Anniepannie

Sun Jan 6, 2019 7:49pm

Posts: 3

Location: Condado de Alhama

Posted: Sun Jan 6, 2019 7:49pm

Try Transferwise...we used  them when we bought in November...

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