Sending Money For Buying A Property In Spain


If exchange rates are good, sending money for buying a property in Spain can end up working out in your favour, and even save you thousands. There are many costs associated with buying a property in Spain, but every payment you make from overseas will see you sending money through some sort of bank or wire transfer.

Most people will just send it direct from their bank. DON’T DO THAT!!

Banks are notorious for giving you a really bad rate. When compared with a dedicated currency specialist they just can’t match the rates, or the fees. Why? Usually because a specialist service is just what it says. SPECIALIST.

They constantly monitor the currency market and they buy huge amounts of currency in bulk, and are able to send money with zero fees. If you are sending money for buying a property in Spain, or any other country, it’s more than likely you are sending several thousand, if not tens of thousands at a time.

Even just a half a percent, here and there in the rate, can work out to be thousands in money saved.

For instance, say you were sending £10,000 to Spain, and the rate your bank quoted is 1.4225. That means you will send €14,225. Plus a hefty fee for you bank to send it.

Even if a currency specialist quoted 1.445 you are saving 225 Euros, plus zero fees for sending it, which works out around £200. This will soon add up when you’re sending £30,000, £40,000 or more. You would end up saving thousands on large transactions.

Our Top Recommendation.

There are many specialist companies around, who are FCA authourised, and have excellent customer feedback, but none compare to TorFX. For several years now they have been a market leader in currency exchange and money transfers.

They offer ZERO fees, and also bank beating exchange rates. It really pays to shop around before you go sending your money to Spain through your bank. Take 5 minutes now to open a free account, or get an instant quote, and you’ll soon see how much better off you’ll be.

quote




More Articles on Money Transfers and Currency Exchange


Transfer Money Abroad - Beat The Banks Like Natwest, Lloyds, Barclays, Hsbc, Nationwide
How To Transfer Money To Another Country Cheap and Secure
Converting All My Money To Australian Dollars – Which Broker Is Best?
Convert My Money To Euros - The Best Way Online
Recommendation for Transferring Large Sums of Money Abroad
Money Transfers - For Large Amounts of Currency
Reasons To Get Started With Forex Trading
What Makes Currency Markets Move?
Why Are Currencies A Good Investment?
The Mega Guide To Foreign Exchange Markets
Buying Property in Spain and Transferring Currency
Getting The Best Deals on Exchange Rates and Money Transfers


 


Providing the latest Foreign Exchange rates and information for the UK.

xm.com

Live Currency Rates

Live Streaming Quotes

Forex Tools and Data

Popular Charts

Exchange Rates

Other chart sites