Save money on currency transfers to and from Spain
When you’re transferring money overseas you generally have two choices, you can move it via a bank or with a currency specialist, such as Currencies Direct. You may find it’s more cost effective to move your money with the latter.
What are the benefits of transferring your money with Currencies Direct?
Excellent exchange rates
No transfer fees
Authorised by the Bank of Spain
No receiving charges in Spanish banks
24/7 transfers online or by app
Dedicated account manager
20 local branches in Spain
With Currencies Direct you have greater freedom and flexibility over how and when you move your money, and you get personalised support from friendly currency experts.
This can save you significant amounts of money, particularly on larger transfers. Currency markets are notoriously volatile, with exchange rates sometimes shifting significantly from one week to the next. In September 2022, for instance, GBP/EUR sell from €1.15 to €1.11. On a £100,000 transfer that four-cent difference amounts to €4,000.
With help from your dedicated Currencies Direct account manager, you can time your transfer for when the market is most favourable for you.
Currencies Direct offers more competitive exchange rates than most banks, in addition to not charging any transfer fees. This means higher returns on your transfers to and from Spain.
While you can make a transfer online or via the Currencies Direct app, you can also speak with their currency experts over the phone or in person at one of their 20 local branches dotted throughout Spain.
Money transfer made simple
Making an international transfer with Currencies Direct is quick and easy.
1. Create an account
Register for free account with Currencies Direct. You can do it over the phone, online, or in person, and it only takes a few minutes.
2. Agree on the transfer
Let them know how much you want to transfer and agree on an exchange rate.
3. Send the funds
Forward the money to Currencies Direct by debit card or bank transfer and they’ll do the rest.
As a Currencies Direct client, you’ll have a dedicated account manager. They’re there to give you guidance and support so that you can make confident, informed decisions.
Equally, if you need to make a quick payment, you can transfer funds 24/7 online or through their app.
Move your money with confidence
Currencies Direct is fully authorised by the UK’s Financial Conduct Authority (FCA) and the Bank of Spain as an electronic money institution (EMI). This means they follow strict rules and regulations designed to safeguard clients and protect against fraud.
As part of the FCA authorisation, Currencies Direct processes its customers’ money through a segregated bank account, so clients’ funds aren’t tied up in the business.
The company also holds the highest credit rating with Dun & Bradstreet, has won the MoneyAge ‘Money Transfer Provider of the Year’ award four times, and holds five-star rating from customers on Trustpilot.
Register with Currencies Direct and start saving on your transfers
To find out how much you could save by transferring your money with Currencies Direct create an account online, give us a call or pop into your local branch.
Transferring your pension to Spain.
Want to know how to make the most of moving your pension overseas?
Register with Currencies Direct
It’s free and fast to set up an account with Currencies Direct.
You can register online, give us a call or pop into your local branch to find out more.
How to transfer money overseas
If you’re moving to or living in Spain, you may need to move money out of your home country into your Spanish bank. This may be income from a pension, mortgage payments, or funds to cover living costs. While there are many ways you can transfer money, some ways are better than others.
This new free guide explains it all. Click on the picture on the left.