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ValTay0607's multiple threads on money transfers merged

ValTay0607's multiple threads on money transfers merged

Old Mar 1st 2022, 2:42 am
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Default ValTay0607's multiple threads on money transfers merged

Any advice on most cost-effective way to sending proceeds of sale to the UK? TIA

Last edited by Rosemary; Apr 5th 2022 at 4:18 am. Reason: Merged several threads
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Old Mar 1st 2022, 3:23 am
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Default Re: Selling Spanish Property

A friend of mine used Currencies Direct and was very happy with the service. They have an arrangement with La Caixa whereby a bank draft for the sale proceeds can be deposited in an account with them with no fees charged for paying in the bank draft, and subsequently transferred to your UK account. A Currencies Direct representative accompanied her to the notary's office then to the La Caixa branch to handle the process. Might be worth contacting them to ask about it.

https://www.currenciesdirect.com/en/...payments-spain
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Old Mar 1st 2022, 5:34 am
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Default Re: Selling Spanish Property

Open a WISE account. Waaaaaaaay better than Currencies Direct and all others. Brilliant service as well.
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Old Mar 1st 2022, 7:44 am
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Default Re: Selling Spanish Property

Originally Posted by frigilianafreddy
Open a WISE account. Waaaaaaaay better than Currencies Direct and all others. Brilliant service as well.
would echo this for many reasons …..
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Old Mar 1st 2022, 6:29 pm
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Default Re: Selling Spanish Property

Simples...........

https://wise.com/gb/compare/
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Old Mar 4th 2022, 2:44 am
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Default Re: Selling Spanish Property

Is there a daily limit to how much you can send?
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Old Mar 8th 2022, 5:32 pm
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Default Money transfer Spain to UK advice required.

Have sold my house in Spain. Need advice from experienced people on best and safest way to transfer money to my UK bank account without incurring heavy fees, which my bank (Sabadell) would probably charge. Payment will be by Bankers Draft. Advice appreciated. TIA
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Old Mar 8th 2022, 7:06 pm
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Default Re: Money transfer Spain to UK advice required.

I may be wrong but surely all you can do with a cheque (assume it is in Euros) is pay it into your Sabadell account - any costs depend on the type of account and the deal you have with them.

Then you can transfer it to the UK - but use a currency transfer company - as per many posts on this site Wise gives one of the best deals available

https://wise.com/gb/compare/?sourceC...endAmount=1000
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Old Mar 8th 2022, 7:31 pm
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Default Re: Money transfer Spain to UK advice required.

Originally Posted by ValTay0607
Have sold my house in Spain. Need advice from experienced people on best and safest way to transfer money to my UK bank account without incurring heavy fees, which my bank (Sabadell) would probably charge. Payment will be by Bankers Draft. Advice appreciated. TIA
You asked this question a few days ago, and in response I posted a link to Currencies Direct who have (or had, you would need to contact them to check it is still available) an arrangement with La Caixa which allowed a bankers draft to be paid into an account with them with no fees charged, then the funds transferred to your UK account.

https://britishexpats.com/forum/spai...operty-942974/

To all those who recommended Wise (and I know Wise are very good for foreign exchange transfers), please could you explain the process for paying a banker's draft into a Wise account?
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Old Mar 8th 2022, 7:57 pm
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Default Re: Money transfer Spain to UK advice required.

I will merge this thread with your other one.

Please do not open multiple threads on the same subject, it is not fair on members who have already answered.

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Old Mar 10th 2022, 1:14 am
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Default Re: Selling Spanish Property

you cannot use cheques with Wise.......

What types of payments can I receive into my account?

The type of payments you can receive depends on the currency.

We can’t accept cash or cheque payments for any currency

https://wise.com/help/articles/27843...+I+use+cheques
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Old Mar 10th 2022, 1:49 am
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Default Re: Selling Spanish Property

Originally Posted by spainrico
you cannot use cheques with Wise.......

What types of payments can I receive into my account?

The type of payments you can receive depends on the currency.

We can’t accept cash or cheque payments for any currency

https://wise.com/help/articles/27843...+I+use+cheques
As had been mentioned pay the bank draft into Sabadell and then transfer the Euros out to Wise (or your preferred exchange provider) … convert to Sterling and then transfer to your UK bank - easy and can be done in a few minutes once the draft has cleared into Sabadell.
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Old Mar 10th 2022, 4:03 am
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Default Re: Selling Spanish Property

Originally Posted by UKMS
As had been mentioned pay the bank draft into Sabadell and then transfer the Euros out to Wise (or your preferred exchange provider) … convert to Sterling and then transfer to your UK bank - easy and can be done in a few minutes once the draft has cleared into Sabadell.
But the OP specifically said he wants to avoid the fees charged by Sabadell for paying in a bank draft.
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Old Mar 10th 2022, 4:14 am
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Default Re: Selling Spanish Property

Originally Posted by Lynn R
But the OP specifically said he wants to avoid the fees charged by Sabadell for paying in a bank draft.

No the OP doesn’t …. Perhaps re read OP’s post #7

The OP talks of incurring heavy fees to transfer

Last edited by UKMS; Mar 10th 2022 at 4:16 am.
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Old Mar 10th 2022, 5:59 pm
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Default Re: Selling Spanish Property

Does Sabadell not charge to deposit a bankers draft into an account with them? Would they not also charge to transfer out even if we use Wise, Currency Direct etc.? Also hw long is a Bankers Draft valid for?
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