Fuerteventura Forum

General Chit Chat & Queries - no commercial links => Queries n Questions - Please keep this section succinct. => Topic started by: Tamkid on December 22, 2015, 12:29:51 PM

Title: Euros to Pounds
Post by: Tamkid on December 22, 2015, 12:29:51 PM
Has anyone advise on the least expensive and safest way to transfer Euros to Pounds?
Title: Re: Euros to Pounds
Post by: TamaraEnLaPlaya on December 23, 2015, 00:36:32 AM
I'd contact TransferWise and see what they can do for you:
https://transferwise.com/support/customer/en/portal/articles/1570071-supported-countries#eur (https://transferwise.com/support/customer/en/portal/articles/1570071-supported-countries#eur)
Title: Re: Euros to Pounds
Post by: MLA on December 23, 2015, 06:50:12 AM
Someone told me about this:

http://www.ukforex.co.uk/landing/refer-a-friend?cta_id=52e056195e29ccf3a7000072&zone_id=5387d4b45e29cc6fc4000001&xtl_client_id=854034&xtl_campaign_id=53f744d55e29ccf461000002&xtl_share_zone_name=uk_main&xtl_zone_name=friend_landing_coupon&xtl_site_id=676074f235c9ae1bb136e469&xtl_share_id=6215086135328997479&xtl_click_id=6231367633068648197
Title: Re: Euros to Pounds
Post by: F1REFLY999 on December 23, 2015, 13:06:55 PM
This link will save you some money https://transferwise.com/as/66822
Title: Re: Euros to Pounds
Post by: woe10 on December 23, 2015, 15:15:09 PM
Quote from: Tamkid on December 22, 2015, 12:29:51 PM
Has anyone advise on the least expensive and safest way to transfer Euros to Pounds?

I always use Paypal. Never a problem.
You need two accounts, one email address linked to Spanish bank, another email address linked to British bank account.

Title: Re: Euros to Pounds
Post by: Tamkid on December 23, 2015, 18:54:23 PM
Thanks for your info, appreciated.      Woe, how does the Pay pal transfer work?
Title: Re: Euros to Pounds
Post by: bigB on December 23, 2015, 20:46:57 PM
Transfer wise every time, use firefly's link and get a free transfer up to £3000 at best rate.
Title: Re: Euros to Pounds
Post by: woe10 on December 23, 2015, 22:04:55 PM
Quote from: Tamkid on December 23, 2015, 18:54:23 PM
Thanks for your info, appreciated.      Woe, how does the Pay pal transfer work?

For instance: Set up a paypal account with your email address tamkid@hotmail.com linked to your British bank account.
Open another paypal account with tamkid@hotmail.es linked to your Spanish bank account.

You can transfer merrily between them both anytime, I do it all the time, and transfer to my family.
Title: Re: Euros to Pounds
Post by: SheilaW on December 24, 2015, 13:11:37 PM
Quote from: woe10 on December 23, 2015, 22:04:55 PM
For instance: Set up a paypal account with your email address tamkid@hotmail.com linked to your British bank account.
Open another paypal account with tamkid@hotmail.es linked to your Spanish bank account.
But what do you do about the address, Woe? You can't link a British bank account if your address is in Spain. I imagine the reverse isn't possible either.
Title: Re: Euros to Pounds
Post by: woe10 on December 24, 2015, 15:04:30 PM
I use my son's. That's where my British bank address is.
Title: Re: Euros to Pounds
Post by: macb on December 24, 2015, 16:30:14 PM
Another vote for Transferwise.
They just keep getting better. They were always good but now very fast as well - and I understand the principle behind it.
Title: Re: Euros to Pounds
Post by: Tamkid on December 24, 2015, 16:39:32 PM
Thanks for that Woe, uncomplicated, will give it a try. I imagine there must be some charge for the transfer by the Spanish Bank?

I have looked at the Transferwise site and cut and pasted their charges below for the transfer of E120,000 to the UK, how does their fee
compare to a Spanish Bank?

Real exchange rate: 0.7334 (9 mins ago)
You'll save on average: â,¬ 3,612.64 Fee: â,¬ 597.01