FX – Recommendations + Spanish Bank Account

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This topic contains 5 replies, has 5 voices, and was last updated by  Chris Nation 1 week, 2 days ago.

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  • #219267

    amandam
    Participant

    Looking for recommendations for which is the best company to use for transferring foreign currency please. Also which Spanish Banks is best to set up an account with – do any have accounts that can be also be managed from the UK (e.g. online banking, etc.)?

  • #219431

    MoltMaca
    Participant

    I have been using CurrencyFair.com for 5 years. Very happy with their fees and quick services. My Spanish bank is La Caixa, which also is promoted on this site. Very good customer service, but remember that the squeaky wheel gets the grease. Just asking can get certain service fees dropped.

  • #219432

    Mark Stücklin
    Keymaster

    I use the same, CurrencyFair.com + CaixaBank / HolaBank. CurrencyFair you have to do all the trades yourself, if you want a broker to advise you and help with trades then I use torfx, who write a weekly GBPEUR update here like this one

    Pound treads water despite Brexit pressures

    Pound treads water despite Brexit pressures

    When it comes to banking, as MoltMaca says, you get the best terms if you are a bit pushy.

  • #219434

    amandam
    Participant

    Thanks both. CurrencyFair looks to give better rates than the others I was looking at. I will check out CaixaBank. Do you know if you can you manage the account online/from the UK? I think my solicitor will be setting up the bank account, but who would I need to “push” about bank service fees?

  • #219437

    freddo
    Participant

    Transferwise I have used them for 2 years now and can not be beaten
    https://transferwise.com/u/a122

  • #219440

    Chris Nation
    Participant

    La Caixa again. Their online banking in English is excellent, far better than Santander. I was also paying Santa double the fees that La Caixa charge. So Santa was sent packing.

    The La Caixa app for mobiles (Android in my case) is 1st class. I never use the full site.

    Finally, if you are 60 or more, the La Caixa debit card will have the RENFE logo on it. Paying for rail tickets with this card, or showing it if paying cash for local journeys (, obligatory) will result in a 40% discount.

    As for FX, I have had excellent service and best rates with GCEN. You can do all your trades online or through your designated trader. Recommended

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