I use Moneycorp and get great exchange rate, all done on line and no fees at any stage in UK or Spain.
Posted: Thu Mar 4, 2021 8:07pm
Legendary helpful member
Posted: Thu Mar 4, 2021 10:23pm
Thank you all for your help and advice, just used TransferWise, good exchange rates, easy to do and money transferred in seconds... Just what was needed!
Posted: Fri Mar 5, 2021 9:30am
Helpful member
Davebev1 wrote on Thu Mar 4, 2021 8:07pm:
I use Moneycorp and get great exchange rate, all done on line and no fees at any stage in UK or Spain.
TransferWise always pay a cent or more per pound than moneycorp
Can someone tell me the best bank to go with in Spain , at present we are with Caxia .
Apparently they have been taken over, we transfer money every month from our U.K. account to pay bills , but now according to Caxia they are charging €15 due to Brexit due to us not been in the EU.. Today I received a letter saying the are charging €35 a quarter to operate my account ..
So need to change ASAP I was going to go with Santander
Donna1952 wrote on Sat Mar 6, 2021 10:58am:
Can someone tell me the best bank to go with in Spain , at present we are with Caxia .
Apparently they have been taken over, we transfer money every month from our U.K. account to pay bills , but now according to Caxia they are charging €15 due to Brexit due to us not been in the EU.. Today I received a letter saying the are charging €35 a quarter to operate my account .....
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So need to change ASAP I was going to go with Santander
If you are not resident do you need/want a Spanish account? I dumped Caixa and now use Transferwise for everything.
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Portet wrote on Sat Mar 6, 2021 3:29pm:
If you are not resident do you need/want a Spanish account? I dumped Caixa and now use Transferwise for everything.
Hi I’m a non resident but I thought I had to have a Spanish account ??
I have not heard of TransferWise
I have normally about 8 direct debits to pay each month , how does TransferWise work , thanks for your help ..
Posted: Sat Mar 6, 2021 3:51pm
Super helpful member
I believe that you will find that Caixa has not been taken over but they have taken over Bankia.
Donna1952 wrote on Sat Mar 6, 2021 3:45pm:
Hi I’m a non resident but I thought I had to have a Spanish account ??
I have not heard of TransferWise
Read more...
I have normally about 8 direct debits to pay each month , how does TransferWise work , thanks for your help ..
I am non-resident. There is no need to have a Spanish account. We were told we did when we purchased but it is not true.
If you open a Transferwise account (now called Wise - Wise, Formerly TransferWise: Online Money Transfers | International Banking Features). It is very easy to do.
You can then open a 'borderless' Euro account with them. Again easy and free. This will then give you an account with a Belgian IBAN that you can give to your suppliers.
The currency transfer rates are amongst the best available.
You toughest job maybe closing the Caixa account which is a pain!
Portet wrote on Sat Mar 6, 2021 4:20pm:
I am non-resident. There is no need to have a Spanish account. We were told we did when we purchased but it is not true.
If you open a Transferwise account (now called Wise - Wise, Formerly TransferWise: Online Money Transfers | International Banking Features). It is very easy to do.
Read more...
You can then open a 'borderless' Euro account with them. Again easy and free. This will then give you an account with a Belgian IBAN that you can give to your suppliers.
The currency transfer rates are amongst the best available.
You toughest job maybe closing the Caixa account which is a pain!
Thanks for your reply I have just downloaded the app ... need to read up on it.
Do you pay all your direct debits through wise ?
Thanks x
Donna1952 wrote on Sat Mar 6, 2021 11:21pm:
Thanks for your reply I have just downloaded the app ... need to read up on it.
Do you pay all your direct debits through wise ?
Read more...
Thanks x
Yes I do
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