Wise transfers - Banking and finances in La Marina - La Marina forum - Costa Blanca forum in the Alicante province of Spain
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Wise transfers

Posted: Wed Jun 1, 2022 1:17pm
2 replies135 views2 members subscribed
Vanessa66

Posts: 47

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Location: La Marina

Joined: 20 Oct 2019

If I open a wise account can I get my British pensions transferred to it. How?

Thank you

tebo53

Posted: Wed Jun 1, 2022 1:24pm

tebo53

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Posts: 3055

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Location: Benidorm

Joined: 29 May 2018

Posted: Wed Jun 1, 2022 1:24pm

Vanessa66 wrote on Wed Jun 1, 2022 1:17pm:

If I open a wise account can I get my British pensions transferred to it. How?

Thank you

If you open a wise account they will give you an IBAN number, make sure you either get a UK or EU IBAN number. You then contact your British pension company (or the UK government pension scheme) and tell them you would like it to be paid in to the account with your Wise IBAN number. 

Steve 

Kimmy11

Posted: Wed Jun 1, 2022 1:47pm

Kimmy11

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Posts: 5502

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Joined: 8 Aug 2017

Posted: Wed Jun 1, 2022 1:47pm

Hi Vanessa66,

I'd recommend a Wise Multi-Currency Account:

https://wise.com/gb/multi-currency-account/

Give your UK pension provider the UK IBAN and sort code, which will allow them to send the pension payments to your Wise account.  You can then transfer £ to €, via Wise, when you need Euros in Spain, either to your Spanish bank account if you have one, or by cash withdrawals at a Spanish ATM using the Wise card (be aware of withdrawal limits and fees at some ATMS).  

Many of us recommend Wise for property owners who are not resident in Spain, as the most efficient way to ditch their expensive Spanish bank accounts.

Kind regards,

Kim

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