BANKIA UK POUND & EURO EXCHANGE RATES
| BANKIA | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 4.0% | €1.104 |  |
| EUR € - to GBP | NO MINIMUM | 5/7 DAYS | 4.0% | £0.835 | |
| 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.
BANKIA – 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 Bankia fees and charges?
Answer: Using Bankia 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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Bankia International Money Transfers
Save on the exchange rate conversion when transferring money or sending payments abroad from your Bankia account in euros, UK pounds, USD and other currencies. Bankia international money transfers to or from Spain have higher transaction charges, due to a less competitive exchange rate offered by Bankia. Skip to: Spain Money Transfer Specialists
Typically, sending funds to or from your Bankia account in euros, UK pounds or US dollar overseas bank account will involve a margin rate of 4.0% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – Bankia
Sending foreign currency to or from your Bankia 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 Bankia services would have a transaction exchange rate margin of around 4.0% – or 4,000 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.
Bankia Money Transfers for Expats in Spain
For individuals who need to move money overseas from their Bankia 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
Bankia – Other Useful Information
International money transfers from Bankia could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Bankia account holder to use their services. Bankia 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, Bankia’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.
Bankia, Spain – About
Bankia was created in 2010 after consolidating the operations of seven regional Spanish savings banks. Bankia is today one of the largest banks in Spain with over 12 million customers and over 1,200 local banking branch locations.
Bankia – Head Office Address
Bankia S.A – Calle Pintor Sorolla 8, 46002 Valencia, Spain
TRANSFER PROMOTIONS
