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Transfer wise
Re: Transfer wise
by 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.
Therefore under SEPA, no fees between EU countries.
- MichaelC
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Re: Transfer wise
by 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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Espanabums - Posts: 1078
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Re: Transfer wise
by 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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