Exchange Rate comparison sites?
#1
Just Joined
Thread Starter
Joined: Aug 2017
Posts: 24
Exchange Rate comparison sites?
Hi,
Ive just had an offer accepted on a property in Spain, paid the deposit and done power of attorney to solicitor to open bank account, NIE number etc.
Does anyone know if there is a currency exchange comparison website that shows me the best rates, or do I need to contact each company individually for a quote?
Also I have not got a Spanish bank account yet until I get the NIE number can I get a rate today, ie do they hold it in a client account? Does a forward contract offer less on the exchange rate? Id rather get a rate now so I know the price of the property.
Any advice is greatly appreciated.
Ive just had an offer accepted on a property in Spain, paid the deposit and done power of attorney to solicitor to open bank account, NIE number etc.
Does anyone know if there is a currency exchange comparison website that shows me the best rates, or do I need to contact each company individually for a quote?
Also I have not got a Spanish bank account yet until I get the NIE number can I get a rate today, ie do they hold it in a client account? Does a forward contract offer less on the exchange rate? Id rather get a rate now so I know the price of the property.
Any advice is greatly appreciated.
#2
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,624
Re: Exchange Rate comparison sites?
Hi,
Ive just had an offer accepted on a property in Spain, paid the deposit and done power of attorney to solicitor to open bank account, NIE number etc.
Does anyone know if there is a currency exchange comparison website that shows me the best rates, or do I need to contact each company individually for a quote?
Also I have not got a Spanish bank account yet until I get the NIE number can I get a rate today, ie do they hold it in a client account? Does a forward contract offer less on the exchange rate? Id rather get a rate now so I know the price of the property.
Any advice is greatly appreciated.
Ive just had an offer accepted on a property in Spain, paid the deposit and done power of attorney to solicitor to open bank account, NIE number etc.
Does anyone know if there is a currency exchange comparison website that shows me the best rates, or do I need to contact each company individually for a quote?
Also I have not got a Spanish bank account yet until I get the NIE number can I get a rate today, ie do they hold it in a client account? Does a forward contract offer less on the exchange rate? Id rather get a rate now so I know the price of the property.
Any advice is greatly appreciated.
#3
Re: Exchange Rate comparison sites?
Hi,
Ive just had an offer accepted on a property in Spain, paid the deposit and done power of attorney to solicitor to open bank account, NIE number etc.
Does anyone know if there is a currency exchange comparison website that shows me the best rates, or do I need to contact each company individually for a quote?
Also I have not got a Spanish bank account yet until I get the NIE number can I get a rate today, ie do they hold it in a client account? Does a forward contract offer less on the exchange rate? Id rather get a rate now so I know the price of the property.
Any advice is greatly appreciated.
Ive just had an offer accepted on a property in Spain, paid the deposit and done power of attorney to solicitor to open bank account, NIE number etc.
Does anyone know if there is a currency exchange comparison website that shows me the best rates, or do I need to contact each company individually for a quote?
Also I have not got a Spanish bank account yet until I get the NIE number can I get a rate today, ie do they hold it in a client account? Does a forward contract offer less on the exchange rate? Id rather get a rate now so I know the price of the property.
Any advice is greatly appreciated.
Use the "Search" facility at the top and look for "Currency transfers" on the Spain forum . It should help.
It was headed up "Transfer euros out of Spain" and posted on the 17th Jan.
Last edited by Loafing Along; Apr 17th 2018 at 12:06 pm. Reason: Added comment
#4
I still dont believe it..
Joined: Oct 2013
Location: 12 degrees north
Posts: 2,777
Re: Exchange Rate comparison sites?
If its uk to spain, moneysavingexpert.co.uk - martin lewis’ site has a tool to do this. It actually annoys a bit, but the cash forex dealers often outdo the online/city companies.
I wanted 350k pounds in us. When i phoned the 3 forex companies i had accounts with, they were all beaten by the cash dealers to my profit of about 4k pounds. It was a bit surreal but i carried it down to the caribbean in cash, all declared and legal. You just need bank statements or share investment statements showing you have had it for a while. So long as you are a traceable local citizen of the uk, its not a problem.
For sums up to your credit card limit get a halifax clarity card, its unbeatable.
I wanted 350k pounds in us. When i phoned the 3 forex companies i had accounts with, they were all beaten by the cash dealers to my profit of about 4k pounds. It was a bit surreal but i carried it down to the caribbean in cash, all declared and legal. You just need bank statements or share investment statements showing you have had it for a while. So long as you are a traceable local citizen of the uk, its not a problem.
For sums up to your credit card limit get a halifax clarity card, its unbeatable.
#5
I still dont believe it..
Joined: Oct 2013
Location: 12 degrees north
Posts: 2,777
Re: Exchange Rate comparison sites?
NB the forex firms of course only give indication rates, when you deal, its live, and they can easily sneak in a little extra profit, esp if they are pkaying forward positions in the forex market [which they are, and you just increased their stake in the game.]
#6
BE Enthusiast
Joined: Dec 2003
Location: Boston / Guipúzcoa
Posts: 718
Re: Exchange Rate comparison sites?
I have used these two:
http://www.fxcompared.com/
http://www.comparemoneytransfer.co.uk/
They can give you an idea. But always check with the currency exchange company directly. Sometimes they will match the rate you see on another site. So you can try playing one against the other.
- Eric S.
http://www.fxcompared.com/
http://www.comparemoneytransfer.co.uk/
They can give you an idea. But always check with the currency exchange company directly. Sometimes they will match the rate you see on another site. So you can try playing one against the other.
- Eric S.
Last edited by Eric S; Apr 17th 2018 at 2:27 pm.
#7
Forum Regular
Joined: Feb 2018
Posts: 72
Re: Exchange Rate comparison sites?
For sums up to your credit card limit get a halifax clarity card, its unbeatable.
Last edited by Rosemary; Apr 17th 2018 at 2:46 pm. Reason: Corrected quote
#8
Re: Exchange Rate comparison sites?
I've used Currency Fair for many years & find them easy online, good rates and only a £3 charge per transaction, whether it's for £1000 or £100,000.
https://www.currencyfair.com/
https://www.currencyfair.com/
#9
Just Joined
Thread Starter
Joined: Aug 2017
Posts: 24
Re: Exchange Rate comparison sites?
Thank you for the useful info. I have contacted Moneycorp today after using the comparison above and got 1.15 euros to £1.
Do you know if there are any bank accounts for non-residents that are free?
Do you know if there are any bank accounts for non-residents that are free?