Transferring Money From An English Bank To A Spanish Bank, Is It Straightforward?

[piggynose]

I am thinking about transferring money from the uk to spain, i´ve had a look at my bank´s website, and it appears to be not too complicated. there´s obviously a small charge. I am just wondering on your views, is it safe? would it be best to do it physically from my uk bank?
thanx in advance

[TheChair]

I do it all the time, online, as I'm sure do thousands of others.

[sunny-dave]

Be very careful - the UK bank will take no reponsibilty (nor should they) if you get the foreign bank details wrong.

Always do a trial transaction first - transfer a small amount and check that it has arrived and been cleared by the receiving bank - before any large payments are made.

Different banks charge wildly different fees - shop around - or even use a third party service.

I have used XE.com several times - very simple, very quick and very good rates of exchange :

http://www.xe.com/xemoneytransfer/uk/

[Khandro]

I use Transferwise, once set up it is safe, quick and much cheaper than any other method.
Here is a review;
http://www.telegraph.co.uk/money/transferwise/the-cheapest-way-to-send-money-abroad/

[Sqad]

Piggy....I have done it many times and it is simple and safe. If it is only small amounts, say let's say less than £5,000 then there will be a charge but it is worth it to avoid the hassle.

[piggynose]

sqad, its 5grand i want to transfer.have you used any of the abers methods?

[Sqad]

piggy....no I haven't but they are all efficient.
I do mine on-line from Barclay's UK to Banco Populare in Menorca.
No problems.

[piggynose]

thanx sqad and the rest, will give it a go with a small ammount, and see how it goes

[Khandro]

Recently transferred £2,000 from the UK to Germany for £14.99, at the top rate of the day via Transferwise, can anyone beat that?

[Khandro]

Transferred £1,000 from UK with Transferwise at the rate €1.17918 received €1,173.30 at the cost of £4.95 - arrived within 24hours.