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
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.
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 🙏
Wise.com is definitely the one to use.
Good exchange rate, low fees & your money moves in seconds.
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
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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.
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
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.
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...
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... 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 👍
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I got that information from Trust Pilot reviews…. Take a look!!! I guess you are talking about Wise.
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