Posted: Tue Jan 12, 2021 1:26pm
Thanks Donald. If I were you, I'd query this charge with MoneyCorp, as I've heard others have done so with Currencies Direct and successfully negotiated a refund of the charge. If the originating account can be traced as UK, rather than EU, I can see how the receiving banks in Spain (and presumably other EU countries) believe they are now entitled to charge, but I don't understand how they can get away with this when they are receiving Euros.
I have yet to make a transfer this month (with Transferwise), so I think I'm going to contact Sabadell in the first instance, as they have a history of charging without advance notice. I'll update this thread when I get an answer.
EDIT: Just thinking ahead, I believe the Currect Accounts Switching Service originated in EU law, so I guess we can no longer use this service to switch banks. If anyone has tried this since 1 January, would you let me know how you got on please?
Many thanks and kind regards,
Kim