Selling in Spain

LoadingFavourite

Tagged: 

This topic contains 3 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 10 years, 7 months ago.

  • Author
    Posts
  • #51761
    Profile photo of Anonymous
    Anonymous
    Participant

    I am just about to sell my property in Spain. When this happens, I will no doubt have a bankers draft in euros. Whats the most cost effective way of getting this changed into sterling without suffering too much on the exchange rate and commissions etc? Do I just pay it into my uk sterling account and hope for the best or are there any other options worth exploring?

    Thanks.

  • #61929
    Profile photo of katy
    katy
    Spectator

    If you get a UK buyer you can ask for a sterling bankers draft, they would probably prefer that too.

  • #61930
    Profile photo of Anonymous
    Anonymous
    Participant

    You will not be able to pay into your Bank account as your account will be Sterling, unless you open Euro account and( wait for the currency be favourable) Most banks will not have a Euro current account and if they do the charges are high.

    Alternatively you can buy Sterling from brokers like HIFX, or currency 4 less etc.

  • #61932
    Profile photo of Anonymous
    Anonymous
    Participant

    Do not forget that there are plenty of forge Bankers draft in circulation..

You must be logged in to reply to this topic.