We are buying a house and wonder if anyone recommends using currency exchange (or similar). I’m also wondering how you pay to use them. We already have a Wise account, but it’s harder to send large amounts of cash.
Posted: Tue Mar 29, 2022 4:36pm
Helpful member
We use HI FX and haven't had any issues. You pay for the service by getting a very slightly lower rate of transfer. With large amounts it's best to check with your bank as some charge a "landing fee" if I remember correctly we sent £10k at a time and weren't charged anything.
I use Currency Fair.
They charge 3 Euros per transaction, deducted from the amount paid to you. The exchange rate is unaffected.
I also exchanged in batches of 10k Euros at a time, for my peace of mind.
Posted: Tue Mar 29, 2022 6:01pm
Helpful member
We used wise and sent €150000 with no issues.
lynnb1988 wrote on Tue Mar 29, 2022 4:23pm:
We are buying a house and wonder if anyone recommends using currency exchange (or similar). I’m also wondering how you pay to use them. We already have a Wise account, but it’s harder to send large amounts of cash.
It shouldn’t be an issue using Wise.
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Posted: Tue Mar 29, 2022 7:39pm
Very helpful member
Pay any monies directly to your independent solicitor/abogado bank account, where in time these funds then can be paid to the seller, this will save on any bank fees for large amounts, at the time we used currencies direct, but found out later Wise gave a higher exchange rate.
Posted: Tue Mar 29, 2022 10:42pm
We used Currencies Direct. No fees and very security conscious to make sure your online deposits are protected. Set up a rate alert and buy your euros at the rate you wanted then keep them in CD wallet until you're ready to transfer. Very easy to transfer over the phone too if you have problems online. Offices in UK and Spain and always call when they promise they will.
I'd recommend them!
Posted: Wed Mar 30, 2022 10:13am
Helpful member
lynnb1988 wrote on Tue Mar 29, 2022 4:23pm:
We are buying a house and wonder if anyone recommends using currency exchange (or similar). I’m also wondering how you pay to use them. We already have a Wise account, but it’s harder to send large amounts of cash.
We use Currencies Direct. If you need to send more than 25k give them a call and they can arrange a better rate of transfer and can also lock in a rate so that when it reaches that rate its automatically sent.
Posted: Wed Mar 30, 2022 11:22pm
lynnb1988 wrote on Tue Mar 29, 2022 4:23pm:
We are buying a house and wonder if anyone recommends using currency exchange (or similar). I’m also wondering how you pay to use them. We already have a Wise account, but it’s harder to send large amounts of cash.
We used GC partners Im sure they are based in punta prima. Great rate and great service
We bought last year and was worried about transferring large amounts but they made the process really easy
Posted: Thu Mar 31, 2022 10:21am
Helpful member
Wise will always give you the best rate better then any other exchange company.
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