Spanish Property Forums, News & Discussion

Tagged: Banking, Forex

This topic has 5 replies, 5 voices, and was last updated 2 years, 8 months ago by Chris Nation.

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- January 10, 2018 at 4:33 pm #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.)?
- January 13, 2018 at 10:29 am #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.
- January 13, 2018 at 11:17 am #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.
- January 13, 2018 at 11:26 am #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?
- January 13, 2018 at 12:03 pm #219437
  
  freddo
  Participant
  
  Transferwise I have used them for 2 years now and can not be beaten
  https://transferwise.com/u/a122
- January 13, 2018 at 12:14 pm #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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