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

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!

Who are you banking with ?

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.

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.

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.

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

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

Who do you bank with at each end ???

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

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.

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!!?

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 !

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.

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...