Bank Transfers
 

I would if anyone could help please. I have just asked my bank to transfer a sum of money from my account to another spanish bank, also in my name, and they have told me that they will be charging me 100-150 euros for the transfer. Does this sound right? If it does, is there a cheaper way to do it, i.e. cheque?

Thanks

Re: Bank Transfers
 

Sorry NicCol, I'm not sure waht you mean. Is that a transfer between 2 spanish banks?

If so my bank charges me 1€ for such a transaction so yes it does seem very high!

Re: Bank Transfers
 

Who are you banking with ?
:)

Re: Bank Transfers
 

If Spanish bank to Spanish bank it sounds outrageous..though they do charge for everything. If it is making a payment from Britain to Spain, then better to use a company like HIFX who can guarantee no transfer charges at this end, and no receiving charges at the other.

Re: Bank Transfers
 

Yes, but even when doing an immediate transfer from my UK Bank to Spain. I telephone my bank manager, am charged £20 in the UK and nothing in Spain so 100€ still seems excessive.

Re: Bank Transfers
 

We have an account with the Halifax in Spain and bank transfers are free if you bank with Halifax UK or the affiliates eg. RBS.

Re: Bank Transfers
 

If a large sum use HIFX or Currencies Direct. Free transfer and better rate of exchange.

Re: Bank Transfers
 

My bank charged me £30 to transfer £1000 to Spain at the other end 2 euros

Re: Bank Transfers
 

Who do you bank with at each end ???

Re: Bank Transfers
 

The transfer is from Banca March to Caja Madrid. So its a spanish bank to spanish bank.

Re: Bank Transfers
 

NatWest in the UK and Bankinter in Spain so nothing out of the ordinary.

NicCol, have you checked with Banca Marche because that certainly does seem a ridiculous amount. I often transfer money via the internet from my Bankinter account to another spanish bank and I'm always charged 1€ regardless of the amount of the transfer.

Re: Bank Transfers
 

I have just e-mailled them to check. I don't know whu they have given such a broad range of the potential costs, 100-150 euros!!? :confused:

Re: Bank Transfers
 

I have used on line banking within Spain for a while now and it costs 1 euro per transfer. Have you explored this possibility ?

It's instant and you know it's actually been done !

Re: Bank Transfers
 

Change to Halifax bank in England. then open a Halifax Hispania Bank account, transfers between the 2 made quickly by telephone are free!! We did this and have no complaints.

Re: Bank Transfers
 

I am transferring banks, which is probably why the Banca March are trying to charge so much. Interestingly though, I contacted them, as Dazzle suggested, and basically asked if they were sure, and they have brought it down to 65 euros. Hmmm...