26 Jul 2011 22:45: Hi Davy D
Just to let you know that i bank with Barclays and they do offer international payments - they refer to them as SEPA payments and cost either £25 (1-2 day service) or £15 (3-4 day service).
At the moment I use this method but send the money in Pounds (as mentioned earlier in the thread) rather than Euros which does get me a slightly better rate. Instead of sending money every month I try and send money across in lump sums to save on the SEPA charges.
This isn't likely to be the most cost efficient way of transferring funds to Spain and I am currently looking into some of the other methods mentioned in this thread.
p.s. - I did initially have a Barclays euro account but there was no benefit in using it as the process was exactly the same as above but simply took longer. I also tried buying currency (euros) from the post office (who were offering some of the best rates) and paid this directly into my Barclays euro a/c but still got charged £15 (as per a SEPA payment) for every transfer so this wasn't ideal for regular monthly transfers. Might be worthwhile for large lump sums though.
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