High bank charges sending money to Spain

Spain › Finance, Currency, Insurance & Taxes › High bank charges sending money to Spain

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  • 01/03/2022 at 2:31 PM #120319
    fullyho

      Hello,
      I’m buying an apartment in Alicante and was horrified by the bank charges and their rates when I asked about sending money to Spain. Can anyone advise me on the best way to send money to Spain?

      Cheers

      Ann-Marie

      12/04/2022 at 6:08 PM #120737
      Leontr

        Hi Ann Marie,

        The best way to send or receive money from Spain is by using a currency transfer specialist.

        You seem to get better exchange rates than from you high street bank and they can fix an exchange rate for when you complete the sale. So no nasty surprises due to exchange rate changes.

        I thought it was going to be really complicated. First time round, I was so apprehensive. A serious chunk of my life savings were at stake. I needn’t have worried. They walked me through the whole process. They made sure the money was in the right place at the right time.

        Now living in Spain, I use them for my pension transfers.

         

        12/04/2022 at 6:10 PM #120738
        fullyho

          Hi Leontr,

          Great, but who did you use?

           

          12/04/2022 at 6:17 PM #120739
          Leontr

            Hi Ann Marie,

            I use Hawk FX – International Money Transfer Experts.

            Make sure you get your account setup as early as possible. Don’t leave it until the last minute when you are about to sign the agreement for your property.

             

            05/05/2022 at 5:38 PM #120809
            ParisWaka

              Definitely don’t use you high-street bank. The saving I made on my property purchase, allowed me to put in a pool on the property!

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