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Money Transfers (house purchase)
Money Transfers (house purchase)
by kev19720 » Fri Jul 03, 2020 4:56 pm
Hi
I shall be buying a house in Lo Crispin soon and I'm now in the process of finding out the best and safest way to get the money into my spanish account. Ive read a few threads on Transferwise but wondered if anybody had some suggestions of who to use? Im currently in discussions with Moneycorp but i really don't know who's the most competitive etc.
Regards
Kev.
I shall be buying a house in Lo Crispin soon and I'm now in the process of finding out the best and safest way to get the money into my spanish account. Ive read a few threads on Transferwise but wondered if anybody had some suggestions of who to use? Im currently in discussions with Moneycorp but i really don't know who's the most competitive etc.
Regards
Kev.
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Re: Money Transfers (house purchase)
by YogiBear39 » Fri Jul 03, 2020 5:06 pm
We bought in dona pepa back in February and we used transferwise they offered a good rate.
Last edited by YogiBear39 on Fri Jul 03, 2020 5:09 pm, edited 1 time in total.
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YogiBear39 - Posts: 227
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Re: Money Transfers (house purchase)
by Slater39 » Fri Jul 03, 2020 5:08 pm
We use currencies direct.
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Re: Money Transfers (house purchase)
by jpeg » Fri Jul 03, 2020 5:34 pm
I have used Transferwise since it started and I know a lot of my clients use it for House purchase funds they are pretty unbeatable and the fastest transfers you can get I have never seen the rate beaten
Use this link and your first transfer is free https://transferwise.com/u/a122
Use this link and your first transfer is free https://transferwise.com/u/a122
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Re: Money Transfers (house purchase)
by Steve and Jackie » Fri Jul 03, 2020 6:13 pm
Hi
We used transferwise today but via bank transfer.
Took is a whole to sort it out but worth it as you same a lot of money.
Basically make a payment using bank transfer and then instruct your UK bank to send money to transferwise using your Transferwise personal ID and then they forward to your Spanish account.
It takes seconds.
We used transferwise today but via bank transfer.
Took is a whole to sort it out but worth it as you same a lot of money.
Basically make a payment using bank transfer and then instruct your UK bank to send money to transferwise using your Transferwise personal ID and then they forward to your Spanish account.
It takes seconds.
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Re: Money Transfers (house purchase)
by jpeg » Fri Jul 03, 2020 6:41 pm
I just use the Phone app and use my UK debit card, takes about 6 seconds and it is in my Sabadell account
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Re: Money Transfers (house purchase)
by daz » Fri Jul 03, 2020 8:37 pm
Transferwise, you get the exact market rate as it is, and you only pay a minimal amount compared to a bank transfer. Pay transferwise, and they send it on as euros, usually in a matter of seconds.
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Re: Money Transfers (house purchase)
by Floreus » Fri Jul 03, 2020 9:23 pm
Get a Banker's Draft in Euros....then you don't have this dilemma....
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Re: Money Transfers (house purchase)
by jpeg » Sat Jul 04, 2020 7:33 am
A Bankers draft will cost an arm and a leg
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Re: Money Transfers (house purchase)
by yogi bear » Sat Jul 04, 2020 7:43 am
We used transferwise. The only issues we had was both banks in the UK held up 1 transfer each in the beginning for security checks due to the sums involved until they had contacted us to confirm that we were aware of the transfers and confirmed that we wanted them to go ahead. Also Sabadall contacted us to provide proof that the money was coming from our UK banks as transferwise have varies EU accounts that they can transfer via, the payments which went via their Spanish bank were ok but a couple of transfers went via Belgium and Lithuania. All I had to do was email copies of the transfer request from our UK banks to TransferWise and the receipt from TransferWise to our Sabadall account. As previously said they give the best rate and because it's all done on line you can watch the live exchange rate and pounce on it when you are happy with the rate.
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