Talk Quesada forum

Ron Hill wrote:Sorry to be pedantic but is this €200 withdrawal limit on all cash machines or certain banks. For example I withdraw €100 per week cash for my personal spending etc Not ALL for beer lol So the €200 limit per 30 days wouldn’t work for me?

Ross Kemp wrote:Here is a copy of the mail that I got today from foreign currency direct.It answers my question plus the exchange rate was better than Transferwise.

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The rate achieved on today’s Regular Payment Plan run was 1.1107.



Please find below information about our Regular Payment Plan.



The Regular Payment Plan is for individuals who have a requirement to send smaller amounts of either Euros or Swiss Francs overseas to pay for bills, living expenses, pensions, mortgages, school fees or simply just to top up overseas accounts normally after having bought a property overseas and therefore is suited to your needs.



The RPP service is free; there are no fees, we simply take a small margin on the conversion. Our Euro payments on the service are sent via the SEPA network to help avoid any foreign bank receiving charges.

Although the name suggests that the payments have to be monthly this is not the case, you can send currency as little or often as you like. The minimum you may send in one payment run is £100 and the maximum is £5,000 per month, therefore you have complete flexibility and are able to change the amounts as you wish.

We process a payment run every working day of the month. You are therefore free to select any date in the month for your Standing Order to us, and will we process the onward payment on the next working day following receipt in to our account.

The purchased currency should then be available in your nominated overseas bank account on the subsequent working day following the payment run, however the monies can take up to 3 working days to credit.

If you do wish to use this service please click the link: http://www.currencies.co.uk/sign-up/regular-payments/ and follow the onscreen steps to set up an account, or alternatively if you have any questions please don’t hesitate to contact me on the number below.

1.13565

towerpower wrote:Hi everyone, hope we all getting through these stressful worrying times as best you can..
So, having looked at many threads and getting confused, here's my question.
I'm with Barclays, (still in England) but looking at opening the Transferwise borderless acc that has been reccomend by many.
When in Quesada, do I need to have a Spanish bank account?
Do you have your pension paid into your Barclays bank, then transferred to TW acc or do you have pensions and other income paid straight into that TW account, or direct to a Spanish acc?
Do TW need to transfer to a Spanish acc, or do TW pay all direct debits themselves?
I see you can get a debit card with TW , do you use this to pay for day to day items, food, petrol etc?
Is this card free to use or is there a limit you can use before fees arise? Thought I've seen a e200 pm limit?
Do people have pensions etc paid into UK acc, then transfer as and when? Can anyone recommend which is the best option?
Will I need a Spanish bank acc to get the NIE, residencia and other "start up" needs? And need said acc to show the new funds needed before hand?
Finally, when buying our property whats the best way of transferring money over, re purchase? If not into a Spanish bank, do you transfer to your lawyer acc? Or direct from Transferwise?
Sorry for so many questions and long post.....
But thanks in advance, because I know this forum helps a stranger in need.... ha ha.... cheers Dave.