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Transfer funds from property sale to the UK
Transfer funds from property sale to the UK
by Curious » Fri Mar 29, 2019 8:12 pm
My property sale is hopefully going through shortly. I bank with Deutsche bank and online the largest amount I can transfer at one time is £25,000 euros. I was hoping to be able to transfer the full amount to the UK in one payment but it looks as if I will have to make transfers over several days. Does anyone know if I can overcome the daily limit? Otherwise I will be sending euros to the currency exchange company in dribs and drabs till I have covered the proceeds from the sale. I'm in the UK so not able to ask at the bank directly.
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Re: Transfer funds from property sale to the UK
by nigieboy » Sat Mar 30, 2019 12:23 am
You can do it in 1 hit,but at a cost...doing it in smaller amounts avoids a big hit from the bank,i believe.
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Re: Transfer funds from property sale to the UK
by Curious » Sat Mar 30, 2019 12:31 am
Thank you nigieboy. I was thinking that. I’ve been googling for hours and I think you are right.
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Re: Transfer funds from property sale to the UK
by GLASSMAN » Sat Mar 30, 2019 7:59 am
that's interesting, how do people go on buying a property?can they only pay for it at 25k a time?Why not ring bank, and speak to a real person , you might be able to negotiate a better deal.
is this not possible , full amount in bank from sale , transferred to transfer wise or similar co, then into your uk bank ,
is this not possible , full amount in bank from sale , transferred to transfer wise or similar co, then into your uk bank ,
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Re: Transfer funds from property sale to the UK
by Curious » Sat Mar 30, 2019 8:10 am
I’m going into the bank when next in Spain but just trying to get organised before the sale goes through. My Spanish is very limited so I would rather speak face to face rather than try on the phone. I will be using similar to transfer wise. I just wondered if anyone had experience or were connected to someone who had.
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Re: Transfer funds from property sale to the UK
by TonTri » Sat Mar 30, 2019 8:20 am
GLASSMAN wrote:that's interesting, how do people go on buying a property?can they only pay for it at 25k a time?Why not ring bank, and speak to a real person , you might be able to negotiate a better deal.
is this not possible , full amount in bank from sale , transferred to transfer wise or similar co, then into your uk bank ,
Most people, ourselves included, transfer €25k a time from UK bank to Spanish bank to pay for a property. You only need the deposit at the beginning of the process, then transfer in smaller amounts before the final payment.
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Re: Transfer funds from property sale to the UK
by Gray » Sat Mar 30, 2019 8:38 am
Have not long done the same. Had to personally go to bank (Lloyds) and they transferred it all in one hit, cost £35 but worth it to save all the messing around. You'll find the same applies with FX companies, you to do a large sum personally over the phone at no charge though with mine.
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Re: Transfer funds from property sale to the UK
by Lisaellis13 » Sat Mar 30, 2019 10:37 am
I’m having this problem at the moment with our bank in the UK transferring £25000 to our money exchange company in drips and drabs, the only way I can do it is go to a TSB branch and do the full amount, we’re due to complete on our purchase next week.
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