Sending dollars by wire – bank fees

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This topic contains 4 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 5 years, 3 months ago.

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  • #56346
    Profile photo of GarySFBCN
    GarySFBCN
    Participant

    Hello,

    I need to wire money from a US bank to a bank in Barcelona. The fees for doing so from the States are fixed $30. The fees for Caixabank (La Caixa) to receive this money – after their ridiculous exchange rate – are not fixed. It is .4% which I find excessive.

    Do any of you know of a bank that has a fixed-fee for this type of transaction? Would I have better luck having a tantrum in the bank (a friend did this) to get them to lower the rate?

    Or should I just pay the fees and move on?

    Thanks.

    Gary

  • #105671
    Profile photo of Chopera
    Chopera
    Participant

    if it’s a large amount of money then there are specialist forex companies that usually do better rates than high street banks.

    Also try Citibank – they used to claim to be focused on international banking. They should still have branches in Barcelona – although they are in the process of pulling out of Spain.

  • #105672
    Profile photo of Anonymous
    Anonymous
    Participant

    Agree with Chopera. I would use HIFX or Baydonhill. You get a good rate & there are no charges either end. Dont let the Banks rip you off.

  • #105673
    Profile photo of GarySFBCN
    GarySFBCN
    Participant

    shakeel and Chopera: Thanks!

    I’ll check out those companies and also Citi.

  • #105675
    Profile photo of Anonymous
    Anonymous
    Participant

    Do let us know, how you got on…

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