Transfer money to Spain? - Better exchange rate than the bank

Currencies Direct makes moving money to Spain simple swift and secure. Currently they have a total of 16 offices in Spain, and was established in 1996. If you’re buying property overseas, emigrating or sending money to loved ones, Currencies Direct guarantee a better exchange rate than the bank.

Currencies Direct is a currency exchange expert and ensures that customers receive the best possible currency exchange, while guaranteeing no bank charges. Currencies Direct is a very good alternative to bank for international money transfers. They have grown tremendously in recent years and makes them the most important and complete company in this sector.

Free service that will save you money

When it comes to people’s savings, it is safest for most people to relate to their own language and nationality. Client managers provide a personal follow-up in their own language, where they emphasize guiding and assisting the customer so that they can take advantage of the fluctuations in the foreign exchange market in the best possible way.

Currencies Direct will follow the currency rates for you and contact you when there is movement in the market. You can also tie today’s currency rate for up to one year. This can be very beneficial for those who are going to sell their property in Spain and have a date for signing further in the future. The euro has recently been strong, and by binding today’s currency rate, they will be guaranteed this currency rate for up to one year, although the currency rates would change during that time.

A simple way to transfer money to Spain

Currencies Direct have a national agreement with Caixabank here in Spain. This means, among other things, that you can pay the free bank deposit you get when you sell your property in Spain. Currencies Direct works both for the private and corporate markets, no amount are too large or too small.

The biggest barrier so far has been that people often have a very good relationship with their own bank, and are not used to thinking about alternatives.

How Currencies Direct works

#1 Create an account – Once you’ve created an account with Currencies Direct you can check live exchange rates 24/7. Opening an account is simple, fast and free. Open a account here.

#2 Secure a great rate – With Currencies Direct you can make transfers to more than 200 countries in over 40 currencies. You can send your money via card or bank transfer.

#3 Currencies Direct will do the rest – Your funds will be transferred the same day*. Currencies Direct let you know when the payment is sent and you can track transfers online and through the app.

When is Currencies Direct useful

A) When you are buying property in Spain – Using your bank to transfer the money for your property purchase could be very expensive. Currencies Direct on the other hand, can offer more competitive exchange rates and fee-free transfers. Even a small difference in exchange rates can add up to savings of thousands when transferring the size sums involved in a typical property purchase.

B) When you are selling your property in Spain – If you’re selling your property, you’ll probably need to deposit a banker’s draft into your Spanish account before transferring your funds. Usually this means a percentage of your sale price going straight into the local bank’s pocket. Thanks to Currencies Direct exclusive partnership with Caixa Bank, you won’t be charged a fee; just speak to Currencies Direct to access this service.

C) Regular payments to receive a salary or pension – Currencies Directs bank-beating exchange rates could save you up to 5% on all of your overseas money transfers. And during the transfer process we keep your money in a segregated client account, where it’s completely secure.

How much can you save?

Let’s use the example of sending £100,000 to Spain to see how much you could save by making the transfer with Currencies Direct compared to your high street bank.

Better exchange rate than the bank
That’s an additional €3,118 in your overseas account. Rates compared on 29 July 2019. When comparing our exchange rates to the banks, we use the International Money Transfer Index (an independent comparison service), so you get a verified, “real world” comparison. Source: CurrenciesDirect.com

Whether you’re already enjoying the Spanish sun or are considering moving there, Currencies Direct will help you get more from your overseas money transfers with simple, hassle-free services. Read more about Currencies Direct now!