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Transferring money from the uk to my Spanish bank

Posted: Tue Jul 30, 2019 8:39pm
5 replies327 views5 members subscribed
johnnyg

Posts: 10

Location: Torrevieja

Joined: 12 Aug 2018

can someone help me I have had a property in torrevieja for over 15 years but suddenly my bank has asked me to update my personal details they have stopped us from transferor  money to our account solely to pay for utilities and community charges. We tried twice and rejected costing us 45 euros each time we have told the bank we will be over in at the end of the year but they won’t budge, any ideas John 

johnnyg

Posted: Wed Jul 31, 2019 9:50am

johnnyg

Original Poster

Posts: 10

Location: Torrevieja

Joined: 12 Aug 2018

Posted: Wed Jul 31, 2019 9:50am

Hi Kim thanks for replying so quickly, my wife and I presented ourselves at the bank approximately 2 years ago gave them all the information they needed passports,NIE numbers etc...so they are not dealing with strangers, my concern is my son and his family are going to my apartment in Spain and we can’t pay any utilities and as you know they are quite brutal. Would you know whether you can pay your utilities from your UK bank thanks again John 

Elliemayc

Posted: Wed Jul 31, 2019 12:10pm

Elliemayc

Helpful member

Posts: 212

112 helpful points

Joined: 4 Mar 2018

Posted: Wed Jul 31, 2019 12:10pm

The Utility offices won't take cash payments. Water in the town hall will take credit card payments but you can get online with Iberdrola and pay their bills online. Quite easy to do if you actually have a bill for the contract info etc they will need.

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jamesdewar5gmailcom

Posted: Fri Aug 9, 2019 1:42pm

Posts: 120

13 helpful points

Location: Torrevieja

Joined: 7 Oct 2018

Posted: Fri Aug 9, 2019 1:42pm

I bank with Barclays in the UK and Detcha bank in Spain Barclays allow you to send £2000.00 a day no charges or questions asked all you need is to get what they call Pingit there are no charges at all g

jamesdewar5gmailcom

Posted: Fri Aug 9, 2019 5:57pm

Posts: 120

13 helpful points

Location: Torrevieja

Joined: 7 Oct 2018

Posted: Fri Aug 9, 2019 5:57pm

If £1000 was sent today you would get €1047.00 in your account I just thought this would help 

Kimmy11

Posted: Fri Aug 9, 2019 8:46pm

Kimmy11

Legendary helpful member

Posts: 6870

12563 helpful points

Joined: 8 Aug 2017

Posted: Fri Aug 9, 2019 8:46pm

Thanks, James, that's really helpful.  It shows that the exchange rate you would get is 1.047, as opposed to 1.072 with Transferwise (after deduction of their fee).  It demonstrates the point I've been making about people who say they aren't paying fees for currency exchange - they effectively are, because of the awful exchange rates they're getting.  If we'd both exchanged £1,000 today, I would have paid a fee of £3.95 and received Eu 1,072.66; you would have paid "no fee", but received only Eu 1,047.00, so £25 less with your bank to bank transfer.  Ouch!

Kind regards,

Kim

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