currency transfer

Post new topic

Member since 02 August 2019

tre4stempNew member28 August 2019 10:50:50

Greetings Team, does anyone have any experience/recommendations with regard to currency transfers. There are so many scams out there I'm nervous to transfer a large sum of money to someone I don't know. TIA, Trevor Stemp

SimCityAT Expert

Member since 08 April 2014

SimCityATExpert28 August 2019 10:55:51

11615

Transferwise > https://transferwise.com/gb/borderless/

Johncar Spain expert

Member since 25 November 2013

JohncarSpain expert28 August 2019 15:36:37

1412

Trevor.

As you say there have been cases of transfer companies going bust so due diligence is required, which hopefully will result in no nasty surprises

When I transfer money to Philippines i do so from Nationwide U.K.

Be aware in Spain it is not unusual for the receiving bank to charge commission just for the deposit.

With my bank when I opened the account I negotiated a maximum charge. Had I not done that I could have had a nasty shock as I did the first time I did it 30+ years ago with another bank. I learnt from that !

tre4stemp New member

Member since 02 August 2019

tre4stempNew member29 August 2019 14:58:30

Thanks Pal, will take your suggestions with me when I transfer any money.

Articles to help you in your expat project in Spain

Working in Tenerife
Are you looking for a job in Tenerife? While there are certainly opportunities, especially for fluent Spanish ...
Internet in Spain
Whether for work or play or keeping in touch with friends and relatives abroad, getting online will most likely be ...
Working in the Canary Islands
The Canary Islands is Spain's southernmost autonomous community, an archipelago in the Atlantic Ocean, more ...
Accommodation in Madrid
Madrid, the bustling capital of Spain, is a popular destination for thousands of expatriates each year. With its ...
Popular neighbourhoods in Seville
Once you have decided to make the beautiful city of Seville your home, the next order of business is finding a ...
Buying a property in Seville
Dreaming of settling into a modern neighborhood with great restaurants and green spaces or a luxury penthouse in ...
Customs in Spain
Before traveling to Spain for your new life abroad, you will need to be aware of the country's ...
Developing your social circle in Seville
For many people, building a new circle of friends is one of the most daunting aspects of being an expat. Missing ...