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Best rate money transfer for buying house

Posted: Tue Nov 6, 2018 5:45pm
5 replies153 views4 members subscribed
Mike49

Posts: 8

Location: Los Montesinos

Joined: 30 Oct 2018

Hi we are buying a bungalow in Spain, who are the best currency specialists to use 

craig245t

Posted: Tue Nov 6, 2018 6:08pm

craig245t

Very helpful member

Posts: 421

622 helpful points

Location: Playa Flamenca

Joined: 13 Apr 2018

Posted: Tue Nov 6, 2018 6:08pm

We used Currencies Direct......good service with no issues.

McCallum Karen

Posted: Tue Nov 6, 2018 7:22pm

Posts: 56

12 helpful points

Location: La Marina

Joined: 22 Aug 2018

Posted: Tue Nov 6, 2018 7:22pm

Hi we used Transfer Wise and had no problems.

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Mike49

Posted: Tue Nov 6, 2018 7:23pm

Mike49

Original Poster

Posts: 8

Location: Los Montesinos

Joined: 30 Oct 2018

Posted: Tue Nov 6, 2018 7:23pm

Hi Craig we are looking at Currency Direct, what is the procedure, do we visit office here or when we get back to UK in 10 days time? 

craig245t

Posted: Tue Nov 6, 2018 9:24pm

craig245t

Very helpful member

Posts: 421

622 helpful points

Location: Playa Flamenca

Joined: 13 Apr 2018

Posted: Tue Nov 6, 2018 9:24pm

Mike49 wrote on Tue Nov 6, 2018 7:23pm:

Hi Craig we are looking at Currency Direct, what is the procedure, do we visit office here or when we get back to UK in 10 days time? 

You can transfer up to £25000 online yourself but will get a better rate by speaking to one of their client managers.

We used Freddie Vyvyan (pronounced Vivian). You can get him on  00442078479454 or through the UK switchboard.

You'll need a Spanish bank account to pay the Euros into once transferred as they can't sit for too long in the company's client account due to financial regulations.

I believe there's an office in Playa Flamenca but had no reason to use it.

Ask away if there's anything else......

Cheers

Craig

Dean50

Posted: Wed Nov 7, 2018 9:17am

Dean50

Helpful member

Posts: 43

82 helpful points

Location: Villena

Joined: 29 Jul 2018

Posted: Wed Nov 7, 2018 9:17am

Mike49 wrote on Tue Nov 6, 2018 5:45pm:

Hi we are buying a bungalow in Spain, who are the best currency specialists to use 

Hi , when we bought our home here in Spain in August, when our UK house sale was all completed and solicitor transferred the cash to our NatWest account, we asked local branch albeit a 19 mile drive if they could do the transfer to the Spanish solicitors account as we were only permitted to do online payments of £20,000 per day so far easier and efficient to send in one hit.

We were advised by estate agents to send through a money transfer company but again the £20,000 still would have applied so actually saw no reason to do it with them , I don't know of any issues using these currency transfer companies but it's all your own choice.

When NatWest did it for us we made appointment few days prior and went into the branch , we went into a private office and gave all details of transfer , they did it all for us in less than 5 minutes, it cost £21.00 and was in Spanish solicitors account next morning as they confirmed receipt. I don't know if all banks would do it or if at same cost but it worked ideally for us.

Hope this helps in any way 

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