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Best way to move money please

Discussion forum for expats moving to or living in Spain.

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Best way to move money please

Post Posted: Sat Jul 07, 2007 4:50 am

My husband has just retired and I'm two and a half years away from my own retirement, we live in Lancashire and are relocating to Andalucia in the next few weeks.
The house sale is going through and the packing is well in hand, our stress comes only from trying to sort out the money transfere side of things.

We have opened a Bank account in Spain and found the process quite easy, the difficult part is finding the best way of moving our money on a regular basis without being ripped off by the banks. For the next two and a half years we will both have to live off my husbands pension so we won't have money to waste.

Barclays UK want £20 each time to move money to Barclays Espana, they also won't transfere money via their Internet Banking.
We would welcome any advice on this from those who have gone through it all before.

We are planning to use a company by the name of Movers International for the relocation move, has anyone had any experience of this company or any advice on the best ways of dealing with the imminent move.

Meg.


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megmet
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Re: Best way to move money please

Post Posted: Sat Jul 07, 2007 4:56 am

Hi and welcome to expat focus,
My wife and I have a euro account with Barclays, and we Bank with BBVA here in Spain, we transpher money every month via this account it has no charges, so we have the best of both worlds.

Enjoy your time here.

David SR


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Countryboy
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Re: Best way to move money please

Post Posted: Sat Jul 07, 2007 5:10 am

Hi David and thanks for the welcome.

I take it to mean that you have a Euro account with Barclays UK, if that's so how difficult was that to set up?
I ask because I'm a bit miffed at them today, when I tried to set up the internet banking they said I had failed the security questions, they wouldn't start the process again and wouldn't tell me what was wrong either....all quite fraustrating when I know I answered their questions correctly. Mad
They then said I couldn't use internet banking anyway without a debit card.....I've never had one as I use my credit card....so much for their 'easy on-line banking' all done of course from India. Rolling Eyes
I've been with them for many years, but maybe not much longer!

Meg.


_________________

Don't just dream your dreams....live them.

 

megmet
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Re: Best way to move money please

Post Posted: Sat Jul 07, 2007 9:52 pm

- megmet

Hi David and thanks for the welcome.

I take it to mean that you have a Euro account with Barclays UK, if that's so how difficult was that to set up?
I ask because I'm a bit miffed at them today, when I tried to set up the internet banking they said I had failed the security questions, they wouldn't start the process again and wouldn't tell me what was wrong either....all quite fraustrating when I know I answered their questions correctly. Mad
They then said I couldn't use internet banking anyway without a debit card.....I've never had one as I use my credit card....so much for their 'easy on-line banking' all done of course from India. Rolling Eyes
I've been with them for many years, but maybe not much longer!

Meg.



You can also do it with the Halifax and Halifax Espana
You can also use sun pay
www.sun-pay.com, but there is a 10 euro charge per transaction. However if you are transferring a lump sum every quarter as I do its insignificant, and very very easy.

Make sure you get your bank accounts set up before you leave as you may find it more difficult afterwards

 

Mitzyboy
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Re: Best way to move money please

Post Posted: Sat Jul 07, 2007 10:18 pm

Hi Megmet,
I would use one of the "currency experts" such as currency direct, moneycorp etc.. they have an arrangement with many Spanish banks not to have any charges. The rate is a lot better than normal bank transfer rates, a UK relative of mine also says that his Spanish bank gives a very good rate with a sterling cheque and again no charges.
Hope this helps,
JJ

 

jjvin50
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Re: Best way to move money please

Post Posted: Sat Jul 07, 2007 11:24 pm

Thanks very much for that help and information jjvin50.

We had been wondering whether to use Currency Direct and after taking another look I think that will be the way to go.
Not only will we have the money from our house sale to be transfered to Spain, once there we will also have monthly transfers which could be very expensive if we were using our high street bank.

Regards,
Meg.


_________________

Don't just dream your dreams....live them.

 

megmet
Regular Poster
Regular Poster
 
 
  
Re: Best way to move money please

Post Posted: Sat Jul 07, 2007 11:41 pm

- Mitzyboy



You can also do it with the Halifax and Halifax Espana
You can also use sun pay
www.sun-pay.com, but there is a 10 euro charge per transaction. However if you are transferring a lump sum every quarter as I do its insignificant, and very very easy.

Make sure you get your bank accounts set up before you leave as you may find it more difficult afterwards


Thanks Mitzyboy, your help is much appreciated.
We are probably going to use Currency Direct, it seems to be an easy to use way of transfer and cost efficient too.

Once we get all this sorted out we will be nearer to.....Living the dream! Very Happy

Regards,
Meg.


_________________

Don't just dream your dreams....live them.

 

megmet
Regular Poster
Regular Poster
 
 
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