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Banking and transfers

Posted: Tue Jul 16, 2019 5:36pm
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Posts: 45

star3 helpful points

Location: Torrevieja

Joined: 25 May 2019

Hi

Can anyone advise what the best way is to either, transfer money from English bank to Spanish bank every time you need capital, or, move banks and bank entirely in Spain? We want to spend some months in Spain and wondered which was the best way. Many thanks

Ellie

Posted: Tue Jul 16, 2019 5:57pm

Posts: 80

star48 helpful points

Location: Los Dolses

Joined: 12 Feb 2018

Posted: Tue Jul 16, 2019 5:57pm

Suggest using one of the many transfer sites. Money wise, money transfer, we use IFX. They are free to join and very efficient, e.g if we ring before 12 the money goes into our Spanish bank by 3 the same day. Many folk will advise other companies too. It’s worth joining 2 or 3 for comparisons. Very easy!

Best, Karl

Posted: Tue Jul 16, 2019 6:02pm

Eleanor33

Original Poster

Posts: 45

star3 helpful points

Location: Torrevieja

Joined: 25 May 2019

Posted: Tue Jul 16, 2019 6:02pm

Hi Karl

Thank you so much for that you have been very helpful.

All the best 

Ellie and John

Posted: Tue Jul 16, 2019 6:22pm

Cheryl

Legendary helpful member

Posts: 2973

star3538 helpful points

Location: Albatera

Joined: 8 Jun 2017

Posted: Tue Jul 16, 2019 6:22pm

As a non resident you will find it hard to avoid bank charges with a Spanish bank and although not the cheapest, I find Sabadell the best for ease of use and finding someone who speaks English.

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