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Transferring money from Spain

Mark Areva
#1

Hello everyone, I wondered if anyone could advise me on what is the most competitive spanish bank to open an account with, for regularly transferring money form Spain to the UK?


It seems that the banks can charge a percentage of the amount being transferred!


Looking forward to any advice on this please聽 : )


Best wishes,

Mark.

See also
C
#2

@Mark AHi I have a Wise card account. Cost 5鈧� to set up. Really recommend it.

Mark Areva
#3

Thanks, I'll check it out.

gwynj
#4

Another Wise fan here. :-)

R
#5

All banks have very high prices for transferring outside the Sepa area (Euro). If you are looking for convenience perhaps Western Union is cheaper but you will waste more time.

If the person receiving the money is a friend or relative you can give them a card on the same account and solve the problem. Yes. Also wise can work!

B
#6

Trying to win against a bank. Good luck.

Mark Areva
#7

Thanks Robisa, I am looking for advice on a regular account in Spain, not high street banks.. that has low fees and FX exchange rates. Do you have any suggestions please?聽 : )



Best wishes,



Mark.

S
#8

Use Wise. Coming from the US, transfers are easy, immediate, and cheap.

Mark Areva
#9

@sanfordpatrick


Thanks Patrick : )

C
#10

Only thing I have found with Wise is that you have to use your IBAN to set up direct debits or payments for car assurance etc as the Wise does not have an account number.

G
#11

Could I ask Compel, can you set up D/D for your water and electricity in Spain from your wise account?

C
#12

Yes, you have to use your IBAN details to do it.

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