BigD Nerja

I had both UK and Spanish bank accounts. There must be a way of getting a UK account with no UK address, anyone?

Edited for clarity; I kept my UK residency, all associated UK financial accounts and UK address. I was fortunate to also own a Spanish property and have a Spanish bank account but was non-resident.

missile

We opened two Lloyds Offshore accounts, Euros & Sterling.
My Spanish bank did not charge for bank transfer of € to Lloyds Offshore.
Great exchange rate and zero charges € to £ from Lloyds Offshore.
Lloyds Offshore did not charge to transfer £ to Lloyds UK current account.

swinbc

Thanks for all your responses, very helpful.
I contacted Currencies Direct in Spain and they were very helpful.
They are prepared to send one of their representatives to meet me at the Notary Office then they escort me to a local Caixa Bank with my Bankers order from the buyer in my hand pay it into their client account which is secure and guaranteed. Then the money will sit in this account until I want to release it for conversion from Euros to GBP. NO FEES and a reasonable exrate. This way the money does not have to be transferred from my bank account saving me approx 2500Euros in Charges... Brilliant

missile

Well done

chale42

Hello there, when I purchased a property in Spain, I used a foreign exchange service, the company were called First Rate FX, they were excellent! They didn't charge any fees like banks normally do and they made the whole process really smooth. Get in touch with them. Good luck!

fwl01

My best friend sold recently and used Currencies Direct.He had house proceeds paid direct into their Caixa account and paid no fees but the FX rate he told me was the same as my u.k bank was paying.He would have been better off paying say .5% to Transferwise and getting interbank rate.