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Transferring money to Spain
Foreign currency exchange services
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Transferring money to Spain is a simple process but one that can cost you a money if you do not plan your money transfer to Spain. Foreign currency brokers will help you get the most from foreign exchange rates when buying Spanish property or transferring money to Spain.
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Receive a free quote for transferring money to Spain
Sending Money to Spain
Sending Euros to Spanish bank accounts via a 'Swift' transfer usually takes no more
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than 24 hours from the UK.
To make a transfer to a Spanish bank, you will need the following information;
- IBAN (International Bank Account Number)
- BIC (Bank Identifier Code) or SWIFT code
- Name of Beneficiary (and address if you have it)
- Name of Spanish Bank (and address if you have it)
The IBAN includes various codes, like your branch and account numbers, and is the standard system for sending Euro payments across Europe.
Spanish IBANS have 24 characters, starting with 'ES' followed by 22 characters, and can usually be found on your bank statement or other paperwork, along with your BIC or SWIFT code. The IBAN should mirror the following format;
Spanish IBAN Format: ESkk BBBB GGGG KKCC CCCC CCCC
B = Bank Code
G = Branch Number
K = Check Digits
C = Account No.
k = Check Digits
Transferring money to Spain a case study
A couple wishing to purchase a property in Spain for 200,000 euros would have paid the sterling equivalent of £135,107 in December 2005. Three months later they would have paid £139,034 for the same property. By securing an exchange rate in advance, they would have made a saving of almost £4,000.
Specialist currency dealers can save you thousands!
FX dealers who specialise in giving both individuals and corporate clients currency exchange advice can literally save you thousands when buying property in France. They can find the best exchange rates available to make your currency transaction as smooth as possible - and save you both time and money.
Why use a Currency broker to transfer money to Spain
Transferring money to Spain and saving money
- The most competitive exchange rates available, saving you money.
- Fixed exchange rates for settlement in the future, protecting you from adverse currency movements and allowing you to lock in to favorable exchange rates.
- Fast and seamless international money transfers
- Friendly, expert staff to guide you.
- No commission charges.
- Peace of mind in dealing with a company that has been trading foreign currency since 1979, has an ISO 9000 quality accreditation and last year transacted over £5 billion on behalf of its clients
Spain Money Transfer Resources
Living overseas - ExpatExchange.com
