Join Talk Quesada
Welcome to Talk Quesada! My name's Alex and this is my website all about Ciudad Quesada in Spain. Talk Quesada is free to sign up and use so register below!
Euro bank account but based in UK - sufficient?
Re: Euro bank account but based in UK - sufficient?
by Gigi Hardy » Thu Jun 21, 2018 8:32 am
Hi please can you tell me the name of the Uk bank, a Uk euro account sounds like a good option.
- Gigi Hardy
- Posts: 177
- Joined: Sun Apr 29, 2018 11:20 am
- Which part of Spain are you from?: Algorfa
- Gender: Female
Re: Euro bank account but based in UK - sufficient?
by margo » Thu Jun 21, 2018 10:14 am
Hi PGA. Can you also PM me just about to change banks. Thanks
- margo
- Posts: 104
- Joined: Mon Nov 17, 2014 9:42 pm
- Which part of Spain are you from?: Quesada
- Gender: Female
Re: Euro bank account but based in UK - sufficient?
by daz » Thu Jun 21, 2018 10:16 am
I would be surprised if your uk euro bank was cheaper to exchange and send money here, uk banks generally make a tidy sum from supposedly offering fee free payments but then subtly give you below the market rates. No one has to have an expensive sabadell account, look around, I have a Santander ZERO account, just like a uk bank, no fees for majority of transactions. And no, it is not the same bank, runs separately. Check yourself to see if it suits you. Also transfer wise is one of the few that don’t charge much to send money over, approx £3 for a couple of thousand. Anyway, don’t take my word for it, check it all out yourself, I’d be surprised if your uk Euro bank was cheaper overall. But, if on the off chance you find a cheaper way, please let me know, like you, I want the cheapest way too. Good luck.
- daz
- Posts: 719
- Joined: Sun Dec 11, 2016 9:53 pm
- Which part of Spain are you from?: Entre Naranjos
- Gender: Male
Re: Euro bank account but based in UK - sufficient?
by PGA » Thu Jun 21, 2018 10:31 am
Rather than private messaging each of you and seeing as I don't have any reason to be clandestine on such matters, the bank in question is Cater Allen.
I don't profess to know if its better/worse/same as the alternatives on offer and hence the reason for my initial post. Indeed, quite the opposite in that I bow to your greater knowledge so if anyone has a look across their offerings and can tell me its deeply flawed for payment of bills and living costs in Spain for whatever reasons, please shout! For now it simply seemed a useful way from within the UK to start amassing my own account with Euros towards my house purchase pot, whilst running a Sterling account alongside it with the same bank.
If, however, the rate to move monies from the Sterling Account to the Euro account are below those attainable by other means, its clearly not the easy solution I had hoped for. Out of interest, if that were to be the case, I assume I would in fact be better off paying from the Cater Allen Sterling account to Transferwise and then from Transferwise back to my Cater Allen Euro account - which seems utterly absurd.
I don't profess to know if its better/worse/same as the alternatives on offer and hence the reason for my initial post. Indeed, quite the opposite in that I bow to your greater knowledge so if anyone has a look across their offerings and can tell me its deeply flawed for payment of bills and living costs in Spain for whatever reasons, please shout! For now it simply seemed a useful way from within the UK to start amassing my own account with Euros towards my house purchase pot, whilst running a Sterling account alongside it with the same bank.
If, however, the rate to move monies from the Sterling Account to the Euro account are below those attainable by other means, its clearly not the easy solution I had hoped for. Out of interest, if that were to be the case, I assume I would in fact be better off paying from the Cater Allen Sterling account to Transferwise and then from Transferwise back to my Cater Allen Euro account - which seems utterly absurd.
- PGA
- Posts: 1384
- Joined: Mon Mar 19, 2018 8:36 am
- Gender: Male
Re: Euro bank account but based in UK - sufficient?
by PGA » Thu Jun 21, 2018 10:33 am
Accounts displayed down the left hand side - including the Euro one which interlinks when you open up your private webpage log in
https://www.caterallen.co.uk/current-accounts
https://www.caterallen.co.uk/current-accounts
- PGA
- Posts: 1384
- Joined: Mon Mar 19, 2018 8:36 am
- Gender: Male
Re: Euro bank account but based in UK - sufficient?
by PGA » Thu Jun 21, 2018 10:34 am
Oh, and CA are a subsidiary of Santander these days.
- PGA
- Posts: 1384
- Joined: Mon Mar 19, 2018 8:36 am
- Gender: Male
Re: Euro bank account but based in UK - sufficient?
by stedy1 » Thu Jun 21, 2018 11:02 am
I have been using Currencies Direct since February of this year to transfer money from my Lloyds account in England to Sabadell bank to pay my rent for my place in Torrevieja
There is no charge at all, by Curencies Direct, Lloyds or Sabadell
I don't have a Spanish bank account
There is no charge at all, by Curencies Direct, Lloyds or Sabadell
I don't have a Spanish bank account
- stedy1
- Posts: 24
- Joined: Fri Feb 03, 2017 3:50 am
- Gender: Male
Re: Euro bank account but based in UK - sufficient?
by shemarg » Thu Jun 21, 2018 11:17 am
Quite right there is no charge with currencies direct but I’ve always found Transferwise a better option and sometimes xendandpay. Both charge a small fee for the transfer but their exchange rate is better so usually works out better
- shemarg
- Posts: 846
- Joined: Fri Aug 15, 2014 7:26 am
- Which part of Spain are you from?: Golf. Quesada
- Gender: Female
Re: Euro bank account but based in UK - sufficient?
by daz » Thu Jun 21, 2018 8:31 pm
PGA wrote:If, however, the rate to move monies from the Sterling Account to the Euro account are below those attainable by other means, its clearly not the easy solution I had hoped for. Out of interest, if that were to be the case, I assume I would in fact be better off paying from the Cater Allen Sterling account to Transferwise and then from Transferwise back to my Cater Allen Euro account - which seems utterly absurd.
this is the point I was referring to in my previous entry, with any transfer of funds from sterling to euro here has to be an exchange rate, even though in your case its within the same bank. like you say, it is absurd to think this merry go round option is better off when compared to your euro bank. but it might be! lol. so can I ask, for comparison, what do you get charged to send any given particular amount or sterling to the euro side?
for example, say you or someone sends £1000 sterling over to euros. hopefully you can reply with the exchange rate you get, and then the total euros you receive, and then any obvious fees you are aware of. between that info, will hopefully give the true cost of your transfer. we would then get a better idea of whether your bank, is better than some of our other exchangers.
- daz
- Posts: 719
- Joined: Sun Dec 11, 2016 9:53 pm
- Which part of Spain are you from?: Entre Naranjos
- Gender: Male
Re: Euro bank account but based in UK - sufficient?
by Babycham » Sat Aug 11, 2018 6:34 am
PGA can you also PM me please the name of the Euro bank you can run from U.K. Please
- Babycham
- Posts: 5
- Joined: Fri Aug 10, 2018 10:33 pm
- Which part of Spain are you from?: Lo Crispin
- Gender: Female
Page 2 of 4 • 1, 2, 3, 4
33 posts
• Page 2 of 4 • 1, 2, 3, 4
Related topics
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Spanish tax on overseas bank account
by Brewingdog » Thu Jan 25, 2024 1:30 pm in Quesada general discussion - 8
- 292
-
by billogs
Fri Jan 26, 2024 7:36 pm
-
Spanish tax on overseas bank account
-
-
Opening of first Spanish bank account
by Luckjockey » Fri Jan 12, 2024 8:03 am in Quesada general discussion - 8
- 305
-
by suzi wong
Sat Jan 13, 2024 12:17 pm
-
Opening of first Spanish bank account
-
-
Wise personal bank account
1, 2 by Benjy » Sat Jul 15, 2023 1:24 pm in Quesada general discussion - 10
- 588
-
by Chris21
Tue Jul 18, 2023 2:25 pm
-
Wise personal bank account
-
-
Hola bank account caixa
by bergor » Mon Oct 30, 2023 2:30 pm in Quesada general discussion - 5
- 383
-
by Paul58
Tue Oct 31, 2023 12:52 pm
-
Hola bank account caixa
-
-
TRANSFER OF MONEY SPANISH BANK ACCOUNT TO UK
1, 2 by panchotaff » Wed Mar 13, 2024 11:08 am in Quesada general discussion - 17
- 428
-
by panchotaff
Fri Mar 15, 2024 9:20 am
-
TRANSFER OF MONEY SPANISH BANK ACCOUNT TO UK
Return to Banking and finances
Who is online
Users browsing this forum: No registered users and 6 guests
Login
Find in Quesada
Quesada pages
Quesada discussion
- Quesada general discussion
- Banking and finances
- Broadband, Wifi, Phone and TV
- Buses and public transport in and around Quesada
- Driving to Spain / Car hire in Spain / Buying and owning a car in Spain
- Fiestas in Quesada
- Flights, baggage and airports
- Health services in Quesada
- Insurances and wills in Spain
- Items for sale and wanted in and around Quesada
- Interesting articles about Spain
- Jobs and careers in Quesada
- Lost and found in Quesada
- Market days
- Places to go for free Wi-Fi
- Recommended restaurants / cafes / bars
- Recommended Tradesmen and Companies
- Residency in Spain: padron, residencia and passport advice
- Safety / security information and property in Spain hints and tips
- Taxes in Spain: Suma, NIE and general tax advice
- Taxis in Quesada
- Things to do and places to go in and around Quesada
- Utilities in Spain: Electric, gas and water recommendations and advice
- Weather in Quesada
- Where to buy things in and around Quesada
- Where to hire things in and around Quesada
Properties discussion
Businesses and places in Quesada
- Bars and pubs in Quesada
- Beaches near Quesada
- Beauticians / Beauty salons in Quesada
- Bedding and soft furnishings shops in Quesada
- Butchers in Quesada
- Car dealers in Quesada: new and used car dealers
- Car garages, mechanics, tyre fitter centres in Quesada
- Car hire in Quesada
- DIY / Bricolage / Ferreteria stores in Quesada
- Equipment hire centers in Quesada
- Estate agents in Quesada
- Furniture shops in Quesada
- Garden centres and garden furniture shops in Quesada
- Golf Courses in Quesada
- Grills / gates / metal items shops in Quesada
- Hairdressers in Quesada
- Hotels, guest houses and bed and breakfasts in Quesada and nearby
- Internet service providers that cover Quesada
- Launderettes / dry cleaners in Quesada
- Markets in Quesada
- Medical / Health centers in Quesada
- Pet shops in Quesada
- Pharmacies / Chemist shops in Quesada
- Restaurants in Quesada
- Shopping centres in Quesada
- Sports centres and gyms in Quesada
- Supermarkets in Quesada
- Swimming pool services in Quesada
- Town Halls (Ayuntamientos) in Quesada
- Waterparks/Aquaparks in Quesada
- TalkQuesada » Board index
- The team • Delete all board cookies • All times are UTC [ DST ]
- Our other websites:
- Costa Blanca forum
- Costa Calida forum
- Costa del Sol forum
- Costa de Almeria forum
- Costa de la Luz forum
- Costa Dorada forum
- Costa Brava forum
- UK forum
- Jobs in the UK
- Our policies:
- Privacy policy
- User agreement
- Content policy
- Website created and operated by JSM Forum Websites