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Selling our property on Mallorca and will be purchasing in Torrevieja. Where is the best place to put the money until needed. We bank with Banca March but don't want to put a large sum of money in our bank account.
Any advise/opinions greatly appreciated. Thank you. 😀
Christine
Posted: Mon May 20, 2019 9:06pm
Thanks for your reply, but I will be using the money to purchase another Spanish property at some point so will need access to the money.
Posted: Mon May 20, 2019 9:48pm
Thank you. Will read.
Posted: Tue May 21, 2019 9:28am
Super helpful member
Hope you’re declaring this income to the relevant tax authorities Rdudden....😜😜😜👍
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Posted: Tue May 21, 2019 11:35am
Thank you for your comment. We are completely legal. When we buy our next place the tax I pay (my husband doesn't have to) we will get back against our next property. Amuses me how people automatically assume every one is dishonest.
Posted: Fri May 24, 2019 10:14pm
We put our money with Moneycorp got a good rate of exchange, and could get access to it immediately. It’s an English bank. I put in pound Stirling got 1-14 euros, no charges. Take a look on line.
Posted: Sat May 25, 2019 10:43am
Thank you
I need to pay in in Euros and withdraw in Euros. I will certainly have a look. 😀
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