Transferring money to Spain is a simple process but one that can cost you a money if you do not plan your money trnasfer to Spain. Foreign currency brokers will help you get the most from foreign exchange rates when buying Spanish property or transferring money to Spain. Rates can be booked up to two years in advance and fees tend to be lower than your high street bank

Take the uncertainty away by using a currency specialist when transferring money to Spain

When buying property in Spain , making regular payments to or from Spain or other overseas money transactions it is important to receive specialist currency advice. This will allow you to obtain the best foreign currency exchange rates against the Euro. We all want to make our money go further you do not have to be at the mercy of the money markets or the banks.

Transferring money to Spain a case study

A couple wishing to purchase a property in

Photographs by Malcolm Lee

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.

Customer testimonial

“I have never transferred money before. You were very helpful and made it easy for me. Thank you very much.”
Pamela West, Moneycorp customer

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 abroad. They can f find the best exchange rates available to make your currency transaction as smooth as possible - and save you both time and money.

Spanish Currency

The Euro(EUR) is the official currency of Spain.

Currency Regulations in Spain

The import and export of local currency is unlimited, but the export of amounts exceeding EUR6010 (in any currency) per person per journey must be declared. The export of cash notes and bearers - cheques, in any currency, exceeding EUR3050 per person per journey must also be declared.

Currency transfers can be expensive if you dont use a specialist

Foreign currency exchange can cost you thousands

MoneyCorp is helping our clients save money

Moneycorp provide expert currency advice for our clients

Foreign currency service that will save you 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

Frequently asked questions

Currency exchange services

Why should I use a currency broker as opposed to my bank?
Staff at your high street bank possess neither the expertise nor the market information to either offer you competitive exchange rates or monitor the currency markets on your behalf to help you get the best deal.

How does a currency dealer save me money?
Firstly, by offering better rates of exchange than the banks when you need to trade and secondly by ensuring that you trade at the most favorable time. The purpose is always to get you more currency for your currency

Foreign exchange, money transfers it all sounds complicated. Will I understand how it works?
Currency specialists will explain everything in jargon free terms and ensure that you understand how everything works before you make any trading decisions.

Is dealing with a currency broker going to be time consuming?
Definitely not. Opening a Trading Facility takes only a few minutes and then everything else can be dealt with instantly over the telephone. The money that you will save will be worth a few extra minutes.

What is the minimum amount that I can transact?
Usually a minimum transaction of £5,000, but most currency fx dealers have facilities to handle smaller amounts. The minimum monthly amount that you can send under Regular Payment Plans is £250.

How do I set up an account with Moneycorp?
We will open a trading facility for you as soon as we receive your completed Trading Agreement. This will enable us to immediately start monitoring the markets on your behalf.

How long do money transfers take?
This depends on where in the world you are sending funds. Usually, transfers to Western Europe and the US are same day. Further east takes two days.

How much will this cost me?
Moneycorp charges no commission fees. The only cost will be a £15 telegraphic transfer fee.

Buying property in Spain?

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