Sending large amount of Pound Sterling to purchase property in Spain - Banking and finances in Orihuela Costa - Orihuela Costa forum - Costa Blanca forum in the Alicante province of Spain
AA Free English TV
Thy Will Be Done
Expat Services
Jennifer Cunningham Insurances SL
Blacktower Financial Management
Airport Service Taxi Mil Palmeras  Torre de la Horadada
Car Key Solutions
James Spanish School
Costa Blanca Building Specialists
Gran Alacant Insurances
Espana Dream Properties
interior building work
ASSSA Insurance
Gentlevan Removals

Join the Orihuela Costa forum

Join the Orihuela Costa forumMy name's Alex and this is my website all about Orihuela Costa in Spain. Register now for free to talk about Banking and finances in Orihuela Costa and much more!

Sending large amount of Pound Sterling to purchase property in Spain

Posted: Tue Sep 6, 2022 9:42pm
13 replies338 views5 members subscribed
pinada golf 1

Posts: 55

2 helpful points

Location: Orihuela Costa

Joined: 9 Dec 2020

Hi just wondering if anyone has used an alternative money transfer service from the normal ones ie currencies direct who I have an account with, as will be hopefully coming over and purchasing in november time but with pound bombing at the moment ,had a look at wise transfer rate today at 1.15 even with fee of 379 odd against currencies direct at little over 1.11  transferring 100k lets say you gonna save over 3500 .Any ideas much appreciated.

Aikidoamigo

Posted: Tue Sep 6, 2022 9:53pm

Aikidoamigo

Helpful member

Posts: 463

296 helpful points

Joined: 3 Apr 2022

Posted: Tue Sep 6, 2022 9:53pm

Check with Place in Sun Money


they are very good and rate doesn’t change with volume you exchange which helps when you continue to move money in stages.

Also with all these companies you can ‘buy forward’ so make a contract to fix a given rate for some time to come, if you’re not quite ready to move the money.


buying forward rates are not as keen as spot rates as the company concerned is gambling on where the currency will end up

Relyat

Posted: Tue Sep 6, 2022 9:58pm

Relyat

Very helpful member

Posts: 908

895 helpful points

Location: Pego

Joined: 12 Jul 2018

Posted: Tue Sep 6, 2022 9:58pm

I've used Currency Fair for many years. 

Minimal fees, ability to set the exchange rate that you want, etc. I'm sure that there are few differences between the main players. 

Take a look, if you decide to proceed with them let me know and we can both benefit. 

pinada golf 1

Posted: Tue Sep 6, 2022 10:36pm

pinada golf 1

Original Poster

Posts: 55

2 helpful points

Location: Orihuela Costa

Joined: 9 Dec 2020

Posted: Tue Sep 6, 2022 10:36pm

Thanks for all your replies

Herefordjack

Posted: Tue Sep 6, 2022 10:38pm

Herefordjack

Super helpful member

Posts: 886

1115 helpful points

Location: Pego

Joined: 18 Dec 2017

Posted: Tue Sep 6, 2022 10:38pm

You gave the answer in your original post. You won't do better than Wise.

Advertisement - posts continue below

pinada golf 1

Posted: Tue Sep 6, 2022 10:55pm

pinada golf 1

Original Poster

Posts: 55

2 helpful points

Location: Orihuela Costa

Joined: 9 Dec 2020

Posted: Tue Sep 6, 2022 10:55pm

Herefordjack wrote on Tue Sep 6, 2022 10:38pm:

You gave the answer in your original post. You won't do better than Wise.

Yeah but never used them before and when you google sending large amounts of currency its the likes of c.d that come up because wise are a e-money company so wanting other peoples experiences if they actually used them for large amounts.

Herefordjack

Posted: Tue Sep 6, 2022 11:05pm

Herefordjack

Super helpful member

Posts: 886

1115 helpful points

Location: Pego

Joined: 18 Dec 2017

Posted: Tue Sep 6, 2022 11:05pm

pinada golf 1 wrote on Tue Sep 6, 2022 10:55pm:

Yeah but never used them before and when you google sending large amounts of currency its the likes of c.d that come up because wise are a e-money company so wanting other peoples experiences if they actually used them for large amounts.

Yes, I used them four years ago to buy my house. I sent a large amount of money via Wise to my Spanish account, it went fine. If and when you do it, make sure your UK bank is aware of what is going on, otherwise they will raise security hurdles.

pinada golf 1

Posted: Tue Sep 6, 2022 11:07pm

pinada golf 1

Original Poster

Posts: 55

2 helpful points

Location: Orihuela Costa

Joined: 9 Dec 2020

Posted: Tue Sep 6, 2022 11:07pm

Herefordjack wrote on Tue Sep 6, 2022 11:05pm:

Yes, I used them four years ago to buy my house. I sent a large amount of money via Wise to my Spanish account, it went fine. If and when you do it, make sure your UK bank is aware of what is going on, otherwise they will raise security hurdles.

Thanks for that.

Stevec2x

Posted: Wed Sep 7, 2022 11:03am

Stevec2x

Super helpful member

Posts: 1860

1056 helpful points

Location: Playa Flamenca

Joined: 23 Jan 2020

Posted: Wed Sep 7, 2022 11:03am

Hi 

I've bought both a house and a car using Wise - no problem.

Cheers 

Steve 

pinada golf 1

Posted: Wed Sep 7, 2022 12:28pm

pinada golf 1

Original Poster

Posts: 55

2 helpful points

Location: Orihuela Costa

Joined: 9 Dec 2020

Posted: Wed Sep 7, 2022 12:28pm

Stevec2x wrote on Wed Sep 7, 2022 11:03am:

Hi 

I've bought both a house and a car using Wise - no problem.

Cheers 

Steve 

Cheers and thanks for the info, seems a no brainer rather pay four or five hunded quid fee and get a better rate than have it all bundled up with currencies direct and lose thousands.

Sign up for free or login to reply to this topic

Want to reply to this topic? Login or register for free to post your message:

Find more Banking and finances topics from a particular area:


Register for free!

Login to your account

AA Free English TV
Thy Will Be Done
Expat Services
Jennifer Cunningham Insurances SL
Blacktower Financial Management
Airport Service Taxi Mil Palmeras  Torre de la Horadada
Car Key Solutions
James Spanish School
Costa Blanca Building Specialists
Gran Alacant Insurances
Espana Dream Properties
interior building work
ASSSA Insurance
Gentlevan Removals
Advertise your business here
Advertise your property
Help with my computer