ChatterBank0 min ago
Transferring Money From An English Bank To A Spanish Bank, Is It Straightforward?
10 Answers
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
thanx in advance
Answers
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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/xem oneytra nsfer/u k/
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://
I use Transferwise, once set up it is safe, quick and much cheaper than any other method.
Here is a review;
http:// www.tel egraph. co.uk/m oney/tr ansferw ise/the -cheape st-way- to-send -money- abroad/
Here is a review;
http://
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