Beat your bank’s foreign exchange rates when making a currency transfer to or from Spain & secure a faster completion time by using a specialist money transfer broker – recommendations below:
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|BROKERS||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATE: GBP/EUR||MORE DETAILS|
|CURRENCIES DIRECT||£100||1 DAY||0.7 to 1.0%||€1.139 to €1.143||INFO|
|GLOBAL REACH||£3000||1 DAY||0.8%||€1.14||INFO|
|CURRENCY SOLUTIONS||£1000||1 DAY||1.0%||€1.139||INFO|
|BROKERS||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATE: EUR/GBP||MORE DETAILS|
|CURRENCIES DIRECT||€100||1 DAY||0.7 to 1.0%||£0.861 to £0.864||INFO|
|GLOBAL REACH||€3000||1 DAY||0.8%||£0.862||INFO|
|CURRENCY SOLUTIONS||€1000||1 DAY||1.0%||£0.861||INFO|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Are you looking to send money to Spain? Beat bank exchange rates when making an overseas UK pound or euro money transfer to a Spanish bank account. Specialist foreign exchange companies can save you time and money over a traditional bank transfer service.
Spain has become one of the most popular expat destinations in the world with record numbers of people from the UK and Germany buying apartments and villas along the coasts in popular areas including Alicante, Malaga, Valencia and Barcelona. Though the Spanish housing market has fallen of late, there’s still over an estimated one million British expats living permanently in the country, of which many will need to transfer money to or from Spain at some point.
Transfer Supermarket recommended foreign exchange companies in the above tables are calculated on Spanish office location coverage together with the lowest foreign exchange margin rates offered. Further details below:
Compare the latest UK pound (GBP) and euro (EUR) foreign exchange rates offered by major Spanish high street banks. Skip to: Spain Euro Bank Transfers
Currencies Direct – Alicante
Calle Salvador Dali 6, AvPlaya Flamenca, 03189 Orihuela Costa, Alicante, Spain
Currencies Direct – Malaga
Urb. Puebla Lucia, Edificio Leo, Local 1, Avda Alcalde Clemente Diaz Ruiz s/n, 29640 Fuengirola, Malaga, Spain
Currencies Direct – Mallorca
Avenida Rey Jaime1, 104, Santa Ponsa, 07180 Calviá, Mallorca, Spain
Currencies Direct – Marbella
Urb. Nueva Andalucía A, 6, 29660 Marbella, Spain
Currencies Direct – Marbella
Calle Dos, 0 S N, 29601 Marbella, Spain
Currencies Direct – Murcia
nº, Av. los Covachos, 436, 30875, Murcia, Spain
Currencies Direct – Tenerife
Calle Oregon sn, Los Seres, 38640 Arona, Tenerife, Spain
Currencies Direct – Valencia
Calle del Consulat del Mar, 5, 46005 Valencia, Spain
Sending money to or from Spain? Find answers with Transfer Supermarket to frequently asked questions regarding international money transfers and related technical jargon.
An international currency transfer is typically a financial “bank account to bank account” transaction where funds are sent overseas, to another country, currency and bank account.
Interbank foreign exchange rates are wholesale rates that banks use, also known as live foreign exchange rates.
An FX margin rate is the amount the bank, broker or foreign exchange bureau adds onto the interbank foreign exchange rate when they quote the rate for a money transfer. The smaller the margin rate, the less it will cost you.
Typically, for private transactions, brokers offer the best exchange rates for overseas money transfers into other currencies. Brokers offer much lower margin rates than banks, meaning that you’ll receive a better overall deal.
Getting the best deal on your money transfer is as simple as finding out what your local bank will offer, and then comparing the deal to what you would receive by using a broker. Try and negotiate a fixed FX margin rate from the interbank rate with your broker, as generally, high street banks are unlikely to offer this type of agreement unless you are a corporate customer making regular money transfers abroad.
If you’ve had a quotation for a money transfer and now you’ve decided to make a trade, only to see that the deal no longer looks as good, it’s the fluctuation in the exchange rate that has made the difference.
Most brokers now offer instant bank to bank money transfers for clients who are trading in major currencies, otherwise the time scale is typically 1 to 3 days. Banks will normally complete money transfer transactions in around 5 to 7 working days.
Of course. All brokers that are listed on Transfer Supermarket are authorised by the UK FCA (Financial Conduct Authority), which means that your money is safe as all client funds are safeguarded and held in segregated accounts.