Transferring money to Spanish bank

Hi. Just want to pick your brains. Did everyone transfer their mortgage payment to their Spanish bank account direct from their U.K. Bank  or via another company?  Just trying to find out how to get the best transfer rate of exchange!  Thank you for your help

We used and are still using Moneycorp. Can't say if they are the cheapest or not, but easy to use service.

Transferwise are good, I use them all them time to transfer money to my Spanish bank account.

I have used a few currency brokers in the past, but found transferwise to be much better rates and lower 'costs'. They have an app too so you can do it on the move.

Cheers

Used a couple but Transferwise are brilliant and cheap. I use an app on my phone and sometimes transfers go through in seconds. 

Hi

Always use a currency broker if transferring large amounts.  Don't transfer large amounts via your own bank as you won't get the best exchange rate.

I've used Caxton FX for years.  I think they are brilliant and if they feel you should wait until X date to get a better rate and you can wait they will tell you. You can also ask them to track the market for you to see if you can get a higher rate.

Also they do not charge transfer fees to transfer into your Spanish  account.

I did use World First for large amounts initially but regret it now as Transferwise are much cheaper and easier.

We used Global Currency Exchange no charge at all

Christina

You should never use your bank to transfer money to your Spanish bank account as the exchange rate will always be terrible. We use Currencies Direct which is very easy and quick and gives a very good rate.