Make savings when moving money to your Spanish bank account

An essential part of many expats’ lives is moving your savings, wages, or pension from your country of origin to your Spanish bank account.

If you use your bank to manage your currency transfers you could be losing out due to transfer fees and uncompetitive exchange rates.

However, leading currency specialists can help you solve this issue and get more bang for your buck with:

• Excellent exchange rates
• Fast, fee-free currency transfers
• Award-winning service
• Dedicated account management
• 24/7 transfers

For example, if your bank was charging you £30 per currency transfer and you moved money abroad every month, using a currency specialist would save you £360 over the course of a year. You’d also make additional savings thanks to their excellent exchange rates.

Make your money go further, hassle free
Making savings with fee-free transfers and excellent exchange rates is just the start.

If you need to move money to or from Spain on a regular or one-off basis, currency specialists can make the process easier with these great services:

Automate your regular transfers

Take all the hassle out of moving your wages or pension payments to Spain with a regular overseas payments service.

You can arrange payments to be made automatically, fee-free, and at excellent exchange rates, so you know your funds will be in your Spanish account without you having to do a thing.

Protect your transfer with a forward contract

A forward contract allows you to fix an exchange rate for up to two years, perfect for ensuring your funds are protected against sudden movements in the Pound to Euro exchange rate.

This service is particularly useful during times of volatility in the currency market. For instance, the Covid-19 crisis caused swings of 14 cents in the GBP/EUR exchange rate in the first half of 2020. Such dramatic movements can have a significant impact on the amount you receive for your currency transfers.

Time your transfer effectively with expert insights

Exchange rates are always moving, which can make it difficult to pick the right time to make a currency transfer. Leading currency providers will keep you up-to-date with the latest exchange rate news and help you find the best service for your requirements.

Move money on the go

Some currency providers, like TorFX, offer a handy online and in-app transfer service, meaning you can move your money anytime, anywhere.

If you need to move money to or from Spain, TorFX can help you save time and money on your currency transfers. They have a five-star rating on Trustpilot and have won the Moneyfacts Consumer Award for International Currency Transfer Provider of the Year five years running.

Click here to request a call back for a free quote and or click here to register for free to access the online trading account for live rates to find out how much you could save today.