Join the Catral forum
My name's Alex and this is my website all about Catral in Spain. Register now for free to talk about Banking and finances in Catral and much more!
Hello all
Can anyone offer any advice please as to whether it's possible to avoid or reduce the bank fee when I pay in a banker's draft cheque (having sold my home)?
My bank is Santander, and they have just advised me it's nearly 1,000Euro to pay in my cheque!
Thanks
Are you talking about a UK bankers draft?
If so, and you still have a UK bank A/C, pay it into that and transfer it from there.
You'll still pay something but not €1000!
Darro wrote on Wed Feb 7, 2024 6:40pm:
Are you talking about a UK bankers draft?
If so, and you still have a UK bank A/C, pay it into that and transfer it from there.
Read more...
You'll still pay something but not €1000!
Hi Darro
Thanks for the response, but No - it's a Spanish banker's draft. I didn't make that clear.
thanks
Advertisement - posts continue below
Posted: Thu Feb 8, 2024 11:06am
Super helpful member
Hi Cat
Assuming your money is currently held in your solicitors account, surely they could transfer it electronically? If Santander would still charge you, then consider opening a fee-free account with another bank!
Cheers
Steve
Posted: Thu Feb 8, 2024 11:08am
Helpful member
Stevec2x wrote on Thu Feb 8, 2024 11:06am:
Hi Cat
Assuming your money is currently held in your solicitors account, surely they could transfer it electronically? If Santander would still charge you, then consider opening a fee-free account with another bank!
Read more...
Cheers
Steve
Yes - I'd be telling them I want it paid by bank transfer.
Bankers drafts are a thing of yesteryear and should largely be consigned to the dustbin as all they do is enrich the intermediaries at the expense of the recipient.
Stevec2x wrote on Thu Feb 8, 2024 11:06am:
Hi Cat
Assuming your money is currently held in your solicitors account, surely they could transfer it electronically? If Santander would still charge you, then consider opening a fee-free account with another bank!
Read more...
Cheers
Steve
Hi Steve
Thanks for responding; an electronic transfer would have been lovely and certainly what I had expected but unfortunately it's already been handed over as a bankers draft which does seem still to be the standard in Spain.
However, happily I have a way through using Currencies Direct, which can clear it and then transfer the funds.
Find more Banking and finances topics from a particular area:
Or view all Banking and finances topics in all of Costa Blanca.
