Buying property in Spain?
We help you save more money than your bank when transferring currencies abroad.
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We help you save more money than your bank when transferring currencies abroad.
Create an account
Talk to an expert
Across the world
Experts in currency
Transferred each year
40+ currencies and 120+ countries
Whether you buy or sell property abroad, you will need large amounts of the local currency to do so.
Our specialized currency transfer service is designed for international real estate investment. We offer the best exchange rates that can save you thousands on your property purchase, with no hidden fees.
Our team of experts understands the intricacies of cross-border transactions and provides personalized risk management strategies to help protect your investment.
It’s often better to use a money transfer provider for sending large sums, as they may get you a much better deal.
Currency providers tend to offer more competitive exchange rates than banks so you get more from your money. They’re also better placed to guide you through the process, offering a wider range of services and personal support.
While many people choose to make large transfers through their banks, this isn’t always the best option.
Banks often work on higher margins than currency specialists, meaning you could get a better deal elsewhere. And they tend to offer a limited range of services, making it harder to time your transfer for when the market is in your favor.
It’s often better to use a money transfer provider for sending large sums, as they may get you a much better deal.
Currency providers tend to offer more competitive exchange rates than banks so you get more from your money. They’re also better placed to guide you through the process, offering a wider range of services and personal support.
Transfers to Spain typically arrive within 24-48 hours. If we receive your funds before 10am, we can usually send your transfer the same working day.
Timing can vary slightly depending on the receiving bank or if additional documentation is required. It’s always a good idea to speak with your account manager in advance so they can help you plan your transfer and make sure the funds arrive on time.
Exchange rates are always moving, so the rate you’ll receive for your GBP/EUR transfer to Spain depends on when you make the transfer. We can help you navigate currency volatility and target a strong exchange rate, so get in touch if you need guidance.
Yes, you can use a forward contract to lock in an exchange rate for up to a year in advance. This is a common tool used by property buyers that helps protect against currency market volatility and gives you certainty over how much you’ll receive for your GBP/EUR transfer.
It’s important to note that when you secure a rate with a forward contract, you won’t benefit if the rate improves. However, you’ll also be protected if the rate weakens, and you’ll be able to budget with certainty.
With Currencies Direct, there’s no limit on how much money you can send to Spain from the UK. You can transfer up to £50,000 online or via the app, and amounts above £50,000 through your account manager.
However, your bank may limit the amount you can transfer in a day. If this is the case, you can often ask them to either permanently or temporarily increase the limit to allow a larger transfer.
The key risk in currency exchange is that the exchange rate will weaken when you’re ready to make a transfer. We can help minimise this risk by providing market insights, expert guidance, and specialist transfer options.
For example, you can use a forward contract to lock in an exchange rate for up to a year, protecting you from currency volatility.
When making a large international transfer, you’ll need to provide evidence for the source of funds, such as a bank statement or investment certificate. Having these documents ready in advance can help ensure everything goes smoothly.
You’ll also need to provide photo ID when you first open a Currencies Direct account.
Yes, it’s safe to transfer large sums overseas, as long as you use a trusted, regulated provider and you take steps to protect yourself from fraud.
Find out more about how to safely send large sums of money overseas, or visit our security and fraud page for tips on keeping your accounts secure and how to spot common scams.
Yes, you can automate regular overseas payments on a monthly or quarterly basis.