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Transferring Money to Spain. Fees?

Transferring Money to Spain. Fees?

Postby Cliveyb » Sat Oct 19, 2019 10:47 am

Hi everyone.
I'm buying a small bungalow in Pueblo Bravo with the completion date coming up soon.
Can anyone tell me what transfer fees I should be expecting to transfer 100,000 euros please?
I sent my deposit of 10,000 earlier via transferwise and it cost me £35.00.
Any suggestions gratefully received.
Best regards,

Clivey B
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Re: Transferring Money to Spain. Fees?

Postby Chrisdee » Sat Oct 19, 2019 10:56 am

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Re: Transferring Money to Spain. Fees?

Postby Benjy » Sat Oct 19, 2019 11:12 am

€368.90 with TransferWise
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Re: Transferring Money to Spain. Fees?

Postby Shiva » Sat Oct 19, 2019 11:44 am

Aside from the exchange fees ( and I agree Transfer wise is good) , just doublecheck with the Spanish bank as to fees levied for receiving money. I think the bank might slap fees on anything larger than 20k euros going to your account. If so, better to change in batches to avoid that.
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Re: Transferring Money to Spain. Fees?

Postby Shiva » Sat Oct 19, 2019 11:49 am

Also, so you don't get a nasty surprise, if you will be asking your bank to raise a draft for the purchase day handover, check what they intend to charge you for that, it can be a bit of a rip off amount. They will often lower the fee significantly if you take their house insurance... But just check...
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Re: Transferring Money to Spain. Fees?

Postby jpeg » Sat Oct 19, 2019 12:05 pm

Cliveyb wrote:Hi everyone.
I'm buying a small bungalow in Pueblo Bravo with the completion date coming up soon.
Can anyone tell me what transfer fees I should be expecting to transfer 100,000 euros please?
I sent my deposit of 10,000 earlier via transferwise and it cost me £35.00.
Any suggestions gratefully received.
Best regards,

Clivey B



Why not get a bank transfer from your UK account in euros
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Re: Transferring Money to Spain. Fees?

Postby cheflady » Sat Oct 19, 2019 2:35 pm

Agree with Shiva we were told to avoid bank fees then transfer £19,999 at a time,also we got a free bankers draft for house purchase because we had their home insurance
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Re: Transferring Money to Spain. Fees?

Postby marcliff » Sat Oct 19, 2019 2:37 pm

My bank in UK (Natwest) charges a fee of £10 for up to £10,000 sent to Spain. I paid for my car in 2 payments so paid £20 and paid for our kitchen in one go so £10. Each payment directly to the company.

Might not be such a good exchange rate but usually not much less than the official rate and certainly higher than the tourist rate.
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Re: Transferring Money to Spain. Fees?

Postby PGA » Sat Oct 19, 2019 3:12 pm

Shiva wrote:Also, so you don't get a nasty surprise, if you will be asking your bank to raise a draft for the purchase day handover, check what they intend to charge you for that, it can be a bit of a rip off amount. They will often lower the fee significantly if you take their house insurance... But just check...


And avoid Banco Santander for EXACTLY this reason. Jokers.
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Re: Transferring Money to Spain. Fees?

Postby Benjy » Sat Oct 19, 2019 4:24 pm

I think if I had 100k lying around, I wouldn’t be worrying too much about bank charges. :D :D :text-lol: :text-lol:
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