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Transfer wise

Re: Transfer wise

Postby MichaelC » Fri Jan 29, 2021 4:50 pm

There is no charge as Transferwise receive your money in the UK, but send to your Spanish bank from their Belgium IBAN.
Therefore under SEPA, no fees between EU countries.
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Re: Transfer wise

Postby Espanabums » Fri Jan 29, 2021 6:49 pm

shepgrove wrote:Caixa bank are now charging €15 to accept my local government pension deposited monthly by Western Union, whereas before Brexit there was no charge. I have a TransferWise account and wonder if anyone has used TransferWise to transfer money from a U.K. bank account to Spanish bank since Jan 1st. If so did the Spanish bank charge you for the deposit? Many thanks.



Since January 1, we have had both a private transfer from Transferwise, and a direct UK old age pension transfer from Worldpay into our Sabadell account and incurred no charges.
We have an expansion account with Sabadell with a UK pension paid directly into it every 4 weeks and a minimum deposit of 700 per month, and maintain an above zero balance; therefore we get free banking with them.
Steve & Jill, Torrevieja
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Re: Transfer wise

Postby shepgrove » Fri Jan 29, 2021 7:57 pm

Thank you so much for the replies, much appreciated. I have now arranged for my local government pension to be paid into a U.K. bank account and will arrange for TransferWise to transfer it into Caixa when the rate is decent.
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