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Thursday, February 08, 2007
lytton
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Hi, I'm about to pay my fist 25% payment on my off-plan and saw the HIFX advert on this web site. Can anyone let me know if they are any good or is there any others that I could, or should use? Any advise would be of great help.
Phil
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08 Feb 2007 9:29 PM
bobaol
Finca
I'm in Leicestershire and El Galan, moving to Guardamar in a couple of years
I've made 604 posts
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Try moneycorp. Good rate and very quick. www.moneycorp.com
Also look at the thread about not using your UK bank.
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08 Feb 2007 10:08 PM
danazcurt
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HIFX are brilliant. That's not to say try another who has been recommended but I use HIFX and have never had a problem.
More recommendations are better that bad ones!!
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09 Feb 2007 1:17 AM
JeansSis
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We used Currencies Direct. You MAY want to take a look in the thread about HIFX in this board.
http://www.eyeonspain.com/Secure/ForumPosts.aspx?thread=250&dev=FB20&name=Transferring%20money%20to%20Spain
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09 Feb 2007 7:52 AM
jencoo
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hi litton
There are other currencie transfer companies and they all want your business.
If you are not already aware, these companies will allow you to purchase the total amount you need to buy your property at a fixed exchange rate. By purchasing at a fixed rate you know exactly how much money you need and can budget for it. Buying in lots as you require at the exchange rate of the time can cost a lot of money if the euro value changes significantly, possibly costing you thousands of pounds. Well worth thinking about.
I used hfx and had no trouble at all, and that is not to say that any one of these 'bankers' does not have a glitch at some point or other.
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09 Feb 2007 9:28 AM
amcgrory
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we used a company called Global and with their expert advice secured a future rate for our balance of approx. 90,000 euro.This turned out to be bad advice for us as we lost out on about 4000 euro so buyer beware.Ann+PAT @ 437 La Herrada
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09 Feb 2007 9:32 AM
Frustratedkeith
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I've always used Currencies4less (9 trades so far) who have recently changed their name to baydonhill (www.baydonhill.com). My personal dealer (Sean) has always been very professional and funds have always arrived when they said they would. Not sure how rates compare with others (tend to find I get around 98.15% of the rate quoted on, for example, bloomberg - slightly better for larger trades). Transfer fees are reasonable at £16 per trade and service is excellent.
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09 Feb 2007 10:32 AM
kevinm
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HiFX - cannot recommend at this time
Please see the posts under HiFX problems, delays transferring money. Depending on the outcome of this - I am already at solicitor stage - I cannot recommend them because of the way they deal with (or don't deal with) problems. I'm sure that they have many satisfied customers but it's important to consider how you will be treated if and when things go wrong. I am not the only one to have had problems, as you will see on that discussion.
I will be keeping the other thread updated. In the meantime we are using Currencyuk (www.currencyuk.co.uk) as their rates are always good.
Kevin
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15 Feb 2007 9:30 PM
neildublin
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I have used HiFx on a number of occassions and found them to be excellent. The only problems I have ever encountered has been because of delays with the spanish bank crediting money to an account.
I now live in Dublin and have recently had to send a large euro payment to purchase a property in spain. To avoid both Irish bank charges and spanish bank charges for receiving money, break your transfer into smaller amounts of less than €50,000. The new EU regulations mean that these have to be sent and credited to your account with no charge,
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15 Feb 2007 11:27 PM
JeansSis
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 Good idea, that !
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16 Feb 2007 3:13 PM
FRED39
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We use Global Currency Exchange and Moneycorp to send our money from the UK to Spain. They are both excellent - free - and so far, fingers crossed their rates have been unbeatable.
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16 Feb 2007 4:21 PM
alanwspencer
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I'm in Hertfordshire/Duquesa CDS
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Yes I have always used Moneycorp and so far they have been very good. Efficient, good rates and no problems. Oh dear hope I haven't put the kiss of death on them!
Alan
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14 Mar 2007 4:56 PM
tyrills
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hello everyone.
has anybody had any dealings  with crown currency exchange  if so were they good or bad ,
thanks jeff
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jeff angela
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14 Mar 2007 5:47 PM
JeansSis
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Hi Jeff,
Check out this http://forum.moneysupermarket.com/forums/thread/9241.aspx
Also check out http://forums.moneysavingexpert.com/ though, at a quick glance, I can't find if it's been discussed in their chat forums.
Janice
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14 Mar 2007 5:49 PM
tyrills
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thanks janice ill take a lookjeff
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14 Mar 2007 8:04 PM
anna_gibbs
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Hi,
We're new to this forum but just to add that we use Moneycorp and so far they have been brilliant and much cheaper than bank transfer rates 
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15 Mar 2007 11:20 AM
Andy1234
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I have always used The Foremost Currency Group ** EDITED - Against terms of posting **
This message was last edited by EOS Team on 3/15/2007.
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15 Mar 2007 4:23 PM
MANSOURS
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I'm in Milton Keynes / Los Alcazares, Costa Calida
I've made 46 posts
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Moneycorp - great customer service and always willing to give good advice. Looking at 'forward contract' when the market is good can make a difference when you are dealing with a big transfer.
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15 Mar 2007 4:26 PM
EOS Team
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Nice try Andy1234. We prefer it if people don't recommend themselves!!
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16 Mar 2007 5:44 PM
hobby
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I'm in Hertfordshire/Estepona, Costa del Sol
I've made 159 posts
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Did try HiFX but after reading all the bad experiences fellow forum members were experiencing tried Currencies Direct instead with no regrets, money gets transferred on time and no fees. BTW HiFX phoned the missus a while back wanting to know why we didn't put our business their way and she gave it to them straight about their bad reputation, they did the usual 'oh its only the odd one or two disgruntled customers etc', then started giving her the third degree about which forum she got her information from - no prizes for guessing what her censored reply was!!
hobby
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