Transfer Euros out of Spain
Jan 17th 2018, 2:07 am
#16
Just Joined
Joined: Jan 2018
Posts: 19
Re: Transfer Euros out of Spain
I use OFX for buying and transferring Australian Dollars with GBP and get better rates than the bank of course.
Just a point to consider
I have no knowledge yet of the bank guarantees in Spain but in the UK, a single account is guaranteed at GBP80,000. Most Forex companies don't/can't give this cover. Very unlikely that they would go bust, as they have little real time exposure. But in 2008 I did stop using them for buying/transferring large amounts of USD, due to all the uncertainty.
Just a point to consider
I have no knowledge yet of the bank guarantees in Spain but in the UK, a single account is guaranteed at GBP80,000. Most Forex companies don't/can't give this cover. Very unlikely that they would go bust, as they have little real time exposure. But in 2008 I did stop using them for buying/transferring large amounts of USD, due to all the uncertainty.
Jan 17th 2018, 8:35 pm
#17
BE Enthusiast
Joined: Dec 2003
Location: Boston / Guipúzcoa
Posts: 718
Re: Transfer Euros out of Spain
If the issue is transferring euros to a bank account outside Spain, did they try Currencies Direct? If I recall correctly, they have a euro account in Spain.
- Eric S.
Last edited by Eric S; Jan 17th 2018 at 8:59 pm.
Jan 18th 2018, 4:06 pm
#18
Started off with nothing
Joined: Feb 2009
Posts: 4,946
Re: Transfer Euros out of Spain
?
over 13,000 overseas cash traders and holidaymakers have been left fearing for their money after a major currency firm went into administration today
Last edited by missile; Jan 18th 2018 at 4:08 pm.
