PropertyPay
Buying or selling property in Spain? Enjoy security, simplicity and serious savings.
Buying or selling property in Spain? Enjoy security, simplicity and serious savings.
Always here when you need us
By the Bank of Spain
In any Spanish bank
Transfers to 120+ countries
PropertyPay is our bespoke property completion service which eliminates the need for banker's drafts and electronic transfers via your lawyer's or notary's bank account.
We can help you take control over how and when you send or receive your funds, achieve a better exchange rate, and enjoy peace of mind.
What’s more, with 20+ local branches, on-the-ground experts, and thousands of partners in the property and professional services sectors, we can provide a level of support and insight you just can’t get anywhere else.
PropertyPay is entirely free, helping buyers avoid costly fees associated with banker’s drafts and Order to Move Funds (OMF) transfers.
Unlike conventional methods that can take days to obtain cleared funds, our solution offers instant fund guarantees and disbursements between buyers and sellers.
Funds are kept solely in client accounts, enabling direct transfers from buyer to seller without the involvement of third parties like lawyers, estate agents or notaries.
Enjoy a streamlined, secure solution with no physical paperwork, bank visits, or unnecessary delays.
If the property transaction fails to go ahead for any reason, your funds will stay safely in your Currencies Direct account for you to manage as and when you need to.
Benefit from having local bank accounts, eliminating the need for international transfers and associated fees.
Take advantage of favourable exchange rates by buying currency when the rate is right and holding it in a secure digital wallet until needed. You can also fix or target an exchange rate to suit your preferences.
Use your online account or our app to make swift, secure transfers, track payments, and view transaction history. Your personal account manager is also available whenever you need assistance.
*Fund transfers can be instant if both the buyer and seller have an account with Currencies Direct Spain, EDE SL.
When you’re moving money abroad, knowing it’s in safe hands is everything.
Since the UK left the European Union, all financial companies operating in the EU need to be licensed by an EU authority. If a foreign exchange provider isn’t licensed to work in the EU, then their customers may not be fully protected.
We're authorised by the Bank of Spain as an Electronic Money Institution (Registration no. 6716) in the EU, and by the FCA (FRN 900669) in the UK, meaning we’re fully licensed to operate in Spain and throughout the European Union.
Create an account in minutes online or over the phone.
We’ll supply all the necessary documents and support you at every step.
Customer stories
"Having recently purchased an investment property, I was delighted with the new purchasing process offered by Currencies Direct. Not having to pay to raise a banker's draft saved both myself and the vendor money.
"Just being able to put the funds in to my Currencies Direct wallet and transfer it directly to the vendor's Currencies Direct wallet at the time of signing made things so simple. The vendor received his money within 15 minutes!
"With the increase in cybercrime, I felt this was a very safe way of moving money, rather than having to transfer the funds to my lawyer who then forwards it on again. Would highly recommend this service."
With PropertyPay, you’ll have access to excellent exchange rates on your transfers and benefit from having a local bank account, avoiding sometimes hefty international transfer fees.
Absolutely! PropertyPay completely eliminates the need for banker's drafts, saving you the expense of paying fees to raise or deposit banker's drafts, potentially saving you thousands.
Currencies Direct is authorised by the Bank of Spain and SEPBLAC, ensuring that your funds are held in protected in client accounts and handled according to strict regulatory standards.
Yes, you'll have a dedicated Account Manager available whenever you need assistance. Plus, you can check live rates, make and manage your transfers, track payments, and view your transaction history 24/7 through your online account.
With our solution, you’ll benefit from local bank accounts, eliminating the hassle of opening a bank account in Spain. Funds are sent and received into our local Spanish bank accounts, meaning if both the Buyer and Seller are using Currencies Direct the transfer of funds can be instant.
Yes! As PropertyPay is an entirely digital solution, it eliminates the need for collecting banker's drafts from the bank, saving you time and effort.
PropertyPay offers a 100% digital service, enabling you to sign documents electronically using DocuSign. If your legal representative is present at the notary signing, you can complete this remotely.
PropertyPay offers instant fund guarantees and disbursements between Buyers and Sellers* – unlike conventional methods that can take many days to obtain cleared funds.
*The transfer of funds between buyer and seller can be instant if both have an account with Currencies Direct Spain, E.D.E., S.L
If completion falls through, Buyers will have complete access to and control over their funds. Additionally, if one party pulls out of the process, Buyers can arrange to move their money immediately, rather than having to wait the standard 3-5 days.
Apart from the standard deposits needed to secure your property, all completion disbursements can be handled through PropertyPay on completion day. This means you won´t have to advance any further payments, enabling you to have complete control over your purchasing funds.
Currencies Direct Spain EDE S.L. is a financial institution authorised in the EU by the Bank of Spain and SEPBLAC.
Yes, if you provide your Power of Attorney with Third Party authority to transact with Currencies Direct Spain EDE S.L. and fill out the appropriate documentation.
As PropertyPay is a digital property completion payment method, funds are made available instantly for the Seller upon completing the first transaction, enabling the Seller to then undertake their next transaction as the Buyer using their sale proceeds from the first transaction.
You will have instructed us of the payments you wish to make upon completion prior to the notary completion date. These payments will be stored securely and be executed upon receiving consent from both Buyer and Seller that the escritura has been read and both are ready to transact and execute the payments.
*Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated. Cards provided to EEA residents are issued by Transact Payments Malta Limited and cards provided to UK residents are issued by Transact Payments Limited pursuant to licences by Mastercard International. Transact Payments Malta Limited is duly authorised and regulated by the Malta Financial Services Authority as a Financial Institution under the Financial Institution Act 1994. Registration number C 91879. Transact Payments Limited is authorised and regulated by the Gibraltar Financial Services Commission. In the UK electronic money is issued by Currencies Direct Ltd which is authorised by the Financial Conduct Authority as an Electronic Money Institution under the Electronic Money Regulations 2011 (FRN: 900669). In the EU electronic money is issued by Currencies Direct Spain, E.D.E., S.L. which is authorised by the Bank of Spain as an Electronic Money Institution under Law 21/2011 of 26 July and Royal Decree 778/2012 of 4 May (Registration No: 6716).
