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Currency Conversion
Currency Conversion
by Maccaloon » Wed Nov 29, 2023 9:54 am
Hi all,
I have been in touch with the Spanish lawyers on here (thanks for suggestions and recommendations, all) and they have pointed me in the direction of a currency conversion firm to help me get the best rate for my UK pound in Euro.
Is it wise to go with a recommendation from the lawyers, or should it be a completely independent firm again?
Thanks,
Mac
I have been in touch with the Spanish lawyers on here (thanks for suggestions and recommendations, all) and they have pointed me in the direction of a currency conversion firm to help me get the best rate for my UK pound in Euro.
Is it wise to go with a recommendation from the lawyers, or should it be a completely independent firm again?
Thanks,
Mac
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Re: Currency Conversion
by elchedave » Wed Nov 29, 2023 10:00 am
Check out Wise (formerly Transferwise) they give great exchange rates & no charges from issuing or receiving bank.
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Re: Currency Conversion
by suzi wong » Wed Nov 29, 2023 10:05 am
I’ll be very surprised if a solicitor is not on some sort of commission for recommendations,use,open a Wise account & use them.
-
suzi wong - Posts: 660
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Re: Currency Conversion
by Maccaloon » Wed Nov 29, 2023 10:11 am
I have opened a Wise account previously, but was not aware they handled such large amounts. I’m talking the price of a property. That would not be a problem for Wise?
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Re: Currency Conversion
by Maccaloon » Wed Nov 29, 2023 10:32 am
If I use a Wise account, how do I get the money out in Spain to give to the lawyers to make the property purchase?
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Re: Currency Conversion
by Darro » Wed Nov 29, 2023 10:47 am
You get a debit card which you can use like any other.
You first load it with £ then convert to € within the app.
You first load it with £ then convert to € within the app.
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Re: Currency Conversion
by Maccaloon » Wed Nov 29, 2023 11:01 am
Great. I have the card already. Thank you!
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Re: Currency Conversion
by Paul58 » Wed Nov 29, 2023 1:43 pm
Do be aware that WISE are not covered by any bank guarantees, nor covered by the FSCS. WISE are not a bank but a money service institution.
However, they do say that they're safe. https://wise.com/help/articles/2949821/how-wise-keeps-your-money-safe
Dyor.
However, they do say that they're safe. https://wise.com/help/articles/2949821/how-wise-keeps-your-money-safe
Dyor.
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Re: Currency Conversion
by jpeg » Wed Nov 29, 2023 2:41 pm
Wise are covered by Barclays Bank
If a legal firm recommends a currency firm they will earn commission which will effect the rates you get Wise can transfer very large amounts well over the cost of the highest price of a villa on Quesada I would ring them and get clarification
If a legal firm recommends a currency firm they will earn commission which will effect the rates you get Wise can transfer very large amounts well over the cost of the highest price of a villa on Quesada I would ring them and get clarification
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Re: Currency Conversion
by timeflies 1950 » Thu Nov 30, 2023 6:05 am
Good advice from jpeg and the telephone number is : 00442036950999, very helpful service.
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