Compare Bankinter euro currency transfer options to/from Spain. You can beat Bankinter euro exchange rates when making an international money transfer or overseas payment, save time, money and get the best deal.
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About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
Save on the exchange rate conversion when transferring money or sending payments abroad from your Bankinter account in euros, UK pounds, USD and other currencies. Bankinter international money transfers to or from Spain have higher transaction charges, due to a less competitive exchange rate offered by Bankinter. Skip to: Spain Money Transfer Specialists
Typically, sending funds to or from your Bankinter account in euros, UK pounds or US dollar overseas bank account will involve a margin rate of 3.3% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your Bankinter account in Spain needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 100,000 euros (EUR) using Bankinter services would have a transaction exchange rate margin of around 3.3% – or 3,300 EUR. Using a specialist broker, in this example Currencies Direct – the exchange rate margin would work out at between 0.7 to 1.0% – or only 700 to 1,000 EUR in total, which is a large saving over the bank service.
For individuals who need to move money overseas from their Bankinter account, foreign exchange specialists Currencies Direct operate several local Spanish offices (including representation in Alicante, Fuengirola, La Marina de San Fulgencio, La Zenia, Malaga, Mallorca, Marbella, Mojácar, Moraira, Murcia, Tenerife and Valencia). For a full list please skip to: Currencies Direct in Spain
International money transfers from Bankinter could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Bankinter account holder to use their services. Bankinter may charge a commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of 5000 euro.
Unless you pay a premium, Bankinter’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Bankinter was created in 1965 and is today one of the larger bank networks in Spain, serving local customers from over 300 national banking branches in Spain. The bank has also started to open branches in Portugal after Bankinter’s acquisition of Barclays retail arm in the country.
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers