BANCO SANTANDER UK POUND & EURO EXCHANGE RATES
| BANCO SANTANDER | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 5.0% | €1.093 |  |
| EUR € - to GBP | NO MINIMUM | 5/7 DAYS | 5.0% | £0.826 | |
| BROKER RATES | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
| GBP £ - to EUR | From £100 | From 1 DAY | From 0.7% | €1.142 |  |
| EUR € - to GBP | From £100 | From 1 DAY | From 0.7% | £0.863 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
BANCO SANTANDER – RECOMMENDED CURRENCY TRANSFER SERVICES
| BROKER RATES: GBP/EUR | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATE: GBP/EUR | MORE DETAILS |
|---|---|---|---|---|---|
| TORFX | £250 | 1 DAY | 0.7% | €1.142 |  |
| CURRENCIES DIRECT | £100 | 1 DAY | 0.7 to 1.0% | €1.139 to €1.142 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Question: How many pounds or euros will I receive for my currency transfer, after Banco Santander fees and charges?
Answer: Using Banco Santander services, the exchange rates shown are typical. All banks have individual rates and commission structures for international currency transfers. Find the latest exchange rates for an overseas bank using our Bank Rate Comparison below:
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Banco Santander International Money Transfers
Save on the exchange rate conversion when transferring money or sending payments abroad from your Banco Santander account in euros, UK pounds, USD and other currencies. Banco Santander international money transfers to or from Spain have higher transaction charges, due to a less competitive exchange rate offered by Banco Santander. Skip to: Spain Money Transfer Specialists
Typically, sending funds to or from your Banco Santander account in euros, UK pounds or US dollar overseas bank account will involve a margin rate of 5.0% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – Banco Santander
Sending foreign currency to or from your Banco Santander 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 Banco Santander services would have a transaction exchange rate margin of around 5.0% – or 5,000 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.
Banco Santander Money Transfers for Expats in Spain
For individuals who need to move money overseas from their Banco Santander 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
Banco Santander – Other Useful Information
International money transfers from Banco Santander could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Banco Santander account holder to use their services. Banco Santander 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, Banco Santander’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.
Banco Santander, Spain – About
Banco Santander (part of the Santander Group) was created in 1857 and is one of the largest banks in Spain. Banco Santander has over 14 million customers in Spain served from over 4,000 local banking branches.
Banco Santander – Head Office Address
Banco Santander S.A – Paseo de Pereda, 9-12, 39004 Santander, Spain
TRANSFER PROMOTIONS
