Spanish bank charges transferring money from UK - Banking and finances in Villamartin - Villamartin forum - Costa Blanca forum in the Alicante province of Spain
Blacktower Financial Management
Gran Alacant Insurances
Jennifer Cunningham Insurances SL
Costa Blanca Building Specialists
James Spanish School
Expat Services
Airport Service Taxi Mil Palmeras  Torre de la Horadada
Gentlevan Removals
ASSSA Insurance
AA Free English TV
Thy Will Be Done
interior building work
Espana Dream Properties
Car Key Solutions

Join the Villamartin forum

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

Spanish bank charges transferring money from UK

Posted: Wed Mar 3, 2021 12:49pm
46 replies1754 views12 members subscribed
Clivers62

Posts: 10

1 helpful points

Location: Villamartin

Joined: 30 Jul 2018

Hi, when transferring money from a UK bank into BBVA we are being charged €21 for each transaction, anyone know how to avoid these charges?

Thanks

Clive

Portet

Posted: Wed Mar 3, 2021 2:07pm

Portet

Very helpful member

Posts: 568

534 helpful points

Location: Moraira

Joined: 13 Jan 2021

Posted: Wed Mar 3, 2021 2:07pm

Clivers62 wrote on Wed Mar 3, 2021 12:49pm:

Hi, when transferring money from a UK bank into BBVA we are being charged €21 for each transaction, anyone know how to avoid these charges?

Thanks

Clive

open a Transferwise borderless account. lots of discussion on here about it. Search 'Transferwise' on the forum.

Patrick105

Posted: Wed Mar 3, 2021 4:19pm

Posts: 6

6 helpful points

Location: Denia

Joined: 23 Oct 2019

Posted: Wed Mar 3, 2021 4:19pm

Hi Clive,

It could be due to the way your bank is sending the payment. If they are sending the payment by "express" the Spanish bank will charge a landing fee. We send our clients payments by "SEPA" which means the Spanish bank will not charge you a landing fee. Feel free to get in touch if you have any other questions regarding money transfers.

Thanks


Darren66

Posted: Wed Mar 3, 2021 4:49pm

Posts: 98

17 helpful points

Location: Villamartin

Joined: 2 Oct 2017

Posted: Wed Mar 3, 2021 4:49pm

We use pago and was charged 70p per £100

Herefordjack

Posted: Wed Mar 3, 2021 4:54pm

Herefordjack

Super helpful member

Posts: 874

1089 helpful points

Location: Pego

Joined: 18 Dec 2017

Posted: Wed Mar 3, 2021 4:54pm

You do not need to open a Transferwise borderless account, you can just use their online service to transfer funds. They use their German sister bank to make the transfer, so no 'Brexit' fee. The rate you get is the interbank rate of the day, their fees are highly competitive and transparent. I wouldn't use anyone else.

Advertisement - posts continue below

Portet

Posted: Wed Mar 3, 2021 4:59pm

Portet

Very helpful member

Posts: 568

534 helpful points

Location: Moraira

Joined: 13 Jan 2021

Posted: Wed Mar 3, 2021 4:59pm

Herefordjack wrote on Wed Mar 3, 2021 4:54pm:

You do not need to open a Transferwise borderless account, you can just use their online service to transfer funds. They use their German sister bank to make the transfer, so no 'Brexit' fee. The rate you get is the interbank rate of the day, their fees are highly competitive and transparent. I w...

...ouldn't use anyone else.

It's useful if you want to pay DD's

Herefordjack

Posted: Wed Mar 3, 2021 5:16pm

Herefordjack

Super helpful member

Posts: 874

1089 helpful points

Location: Pego

Joined: 18 Dec 2017

Posted: Wed Mar 3, 2021 5:16pm

Portet wrote on Wed Mar 3, 2021 4:59pm:

It's useful if you want to pay DD's

It is indeed, but the OP only asked about transferring cash from his UK bank to his Spanish bank. I thought I'd point out that you don't have to open a borderless account, in case it put him off.

tebo53

Posted: Wed Mar 3, 2021 5:59pm

tebo53

Legendary helpful member

Posts: 4776

4960 helpful points

Location: Benidorm

Joined: 29 May 2018

Posted: Wed Mar 3, 2021 5:59pm

Herefordjack wrote on Wed Mar 3, 2021 5:16pm:

It is indeed, but the OP only asked about transferring cash from his UK bank to his Spanish bank. I thought I'd point out that you don't have to open a borderless account, in case it put him off.

I agree Jack. I've been using Transferwise for 7years and never had a problem. Money transferred in minutes at a nominal cost. Very popular and reliable. 

Steve 

Anne1939

Posted: Wed Mar 3, 2021 6:27pm

Anne1939

Helpful member

Posts: 376

374 helpful points

Location: La Marina

Joined: 18 Aug 2020

Posted: Wed Mar 3, 2021 6:27pm

TransferWise (soon to be known as Wise) agree with the other posters I wouldn’t use anyone else.

rds1234

Posted: Thu Mar 4, 2021 8:18am

rds1234

Helpful member

Posts: 472

54 helpful points

Location: Villamartin

Joined: 16 Feb 2021

Posted: Thu Mar 4, 2021 8:18am

Wise it’s free

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

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