Spanish bank charges transferring money from UK
Posted: 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
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
Read more...
Clive
open a Transferwise borderless account. lots of discussion on here about it. Search 'Transferwise' on the forum.
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
Posted: Wed Mar 3, 2021 4:49pm
We use pago and was charged 70p per £100
Posted: Wed Mar 3, 2021 4:54pm
Super helpful member
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
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...
Read more...
...ouldn't use anyone else.
It's useful if you want to pay DD's
Posted: Wed Mar 3, 2021 5:16pm
Super helpful member
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.
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
TransferWise (soon to be known as Wise) agree with the other posters I wouldn’t use anyone else.
Posted: Thu Mar 4, 2021 8:18am
Helpful member
Wise it’s free
Popular topics
Properties near Villamartin
Our sponsors
Find more Banking and finances topics from a particular area:
Or view all Banking and finances topics in all of Costa Blanca.