Join the Hacienda Riquelme forum

My name's Alex and this is my website all about Hacienda Riquelme in Spain. Register now for free to talk about Banking and finances in Hacienda Riquelme and much more!

Currency exchange

Posted: Fri Nov 11, 2022 12:23pm
chat_bubble27 repliesvisibility567 viewsadd_alert9 members subscribed

Pete 147

Helpful member

Posts: 116

star58 helpful points

Location: Camposol

Joined: 26 Sep 2022

Hi ,  I’m looking at transferring money from the Uk into a Spanish bank account.  Can you recommend who to chose for this.  I’m transferring a lump sum and then on regular monthly basis. Can this be done for free ?   Thanks in advance 

Posted: Fri Nov 11, 2022 12:28pm

Posts: 15

star1 helpful points

Location: Los Alcázares

Joined: 28 Dec 2021

Posted: Fri Nov 11, 2022 12:28pm

I tend to use Wise for all my banking transfers with no issues. Good exchange rates and v low fees. UK Bank to Wise, convert to euro, and then transfer to my BankInter. Generally the whole process costs me around 0.5% of total moved.

Posted: Fri Nov 11, 2022 12:40pm

Pete 147

Original Poster

Helpful member

Posts: 116

star58 helpful points

Location: Camposol

Joined: 26 Sep 2022

Posted: Fri Nov 11, 2022 12:40pm

Kirky71 wrote on Fri Nov 11, 2022 12:28pm:

I tend to use Wise for all my banking transfers with no issues. Good exchange rates and v low fees. UK Bank to Wise, convert to euro, and then transfer to my BankInter. Generally the whole process costs me around 0.5% of total moved.

Thanks for the quick reply… I just looked at Wise and you were spot on as it worked out at  0.4%.. many thanks 🙏

Posted: Fri Nov 11, 2022 1:23pm

Roland

Legendary helpful member

Posts: 3546

star2608 helpful points

Location: Camposol

Joined: 23 Feb 2018

Posted: Fri Nov 11, 2022 1:23pm

Wise.com is definitely the one to use.

Good exchange rate, low fees & your money moves in seconds.

Posted: Fri Nov 11, 2022 1:27pm

Pete 147

Original Poster

Helpful member

Posts: 116

star58 helpful points

Location: Camposol

Joined: 26 Sep 2022

Posted: Fri Nov 11, 2022 1:27pm

Roland wrote on Fri Nov 11, 2022 1:23pm:

Wise.com is definitely the one to use.

Good exchange rate, low fees & your money moves in seconds.

Thank you 

Advertisement - posts continue below

Posted: Fri Nov 11, 2022 1:39pm

Stevie100

Helpful member

Posts: 274

star276 helpful points

Location: Sucina

Joined: 24 Feb 2020

Posted: Fri Nov 11, 2022 1:39pm

Pete 147 wrote on Fri Nov 11, 2022 12:23pm:

Hi ,  I’m looking at transferring money from the Uk into a Spanish bank account.  Can you recommend who to chose for this.  I’m transferring a lump sum and then on regular monthly basis. Can this be done for free ?   Thanks in advance 

I use Wise. Just one word of caution. Wise are not covered by the FSCS which means that if you transfer a very large amount of money, you could lose it. If I were you I would do it in tranches rather than in one large lump sum. Hope this helps.

Posted: Sat Nov 12, 2022 4:15pm

Pete 147

Original Poster

Helpful member

Posts: 116

star58 helpful points

Location: Camposol

Joined: 26 Sep 2022

Posted: Sat Nov 12, 2022 4:15pm

Thanks I’ll look into that!  A lot people have recommended Wise but their feedback is not great!  Still unsure where to go from here.  

Posted: Tue Nov 15, 2022 2:23am

Posts: 20

star1 helpful points

Joined: 19 Jun 2022

Posted: Tue Nov 15, 2022 2:23am

Hi,

I can highly recommend Global Currencies... I was recommended them when buying my property in San Pedro del pinatar. I just phone my dedicated account manager in the UK, he tells me the rate, which has always been higher than anywhere else, I put the amount needed in GBP to their account & he transfers the money to my Sabadell Bank account, it's always been in within 1-2 days. When I bought my property they locked the rate in so if the rate fell I didn't lose out, never had a problem with them at all, I've now used them about 6 times & will continue to do so. 

Posted: Tue Nov 15, 2022 8:59am

Pete 147

Original Poster

Helpful member

Posts: 116

star58 helpful points

Location: Camposol

Joined: 26 Sep 2022

Posted: Tue Nov 15, 2022 8:59am

Evie69 wrote on Tue Nov 15, 2022 2:23am:

Hi,

I can highly recommend Global Currencies... I was recommended them when buying my property in San Pedro del pinatar. I just phone my dedicated account manager in the UK, he tells me the rate, which has always been higher than anywhere else, I put the amount needed in GBP to their account & he...

 

Read more...

... transfers the money to my Sabadell Bank account, it's always been in within 1-2 days. When I bought my property they locked the rate in so if the rate fell I didn't lose out, never had a problem with them at all, I've now used them about 6 times & will continue to do so. 

Thanks so much ,  I’ll take a look.  It’s Global Currency I believe.  They do have the best feedback I have seen although only 71 reviews on Trust Pilot.  Many thanks again 👍

Posted: Tue Nov 15, 2022 9:49am

Pete 147

Original Poster

Helpful member

Posts: 116

star58 helpful points

Location: Camposol

Joined: 26 Sep 2022

Posted: Tue Nov 15, 2022 9:49am

This post that was quoted has been deleted.

I got that information from Trust Pilot reviews…. Take a look!!!  I guess you are talking about Wise. 

Sign up for free or login to reply to this topic

Want to reply to this topic? Login or register for free to post your message:

Find more Banking and finances topics from a particular area: