Get More Out of Your Money Transfers!

With fluctuating exchange rates, the so-called “Brexit slump” and banks charging ridiculous taxes to exchange your pound Sterling into euros, it is no wonder that so many people are losing significant sums of money on their overseas transfers. Regardless of whether you intend to reside there permanently, use it as a holiday home or as an investment property, if you are planning to buy property in Spain you are going to need to purchase euros to complete the exchange. Then there are going to be on-going utility bills, mortgage payments, and furnishings to organize in Spain, not to mention a sum of spending money to enable you to enjoy your new home in the sun! Therefore, once you have found your dream home, the next important financial decision to make is where or how to arrange your currency. There are four major outlets where you could opt to buy your Spanish currency:

Banks or Building Societies- This is often the first place that people consider when they wish to transfer money, mainly because we all know where to find our bank, we have faith in their service and know that they can take care of our requirements. Using our normal bank also means that we do not have to spend time searching for alternatives, so it might also be considered as the easy option. However, by simply relying on your bank or building society you could be losing a serious amount of money, so please ensure that you check the small print for hidden charges before you invest your faith, and hard earned cash, in them.

Travel Agent- Several major high street travel agents offer an in-house foreign exchange service. You may have used them in the past to order your holiday spending cash or traveller’s cheques. They are extremely accessible and might seem like a straight forward solution. However, they are likely to charge a significant sum for use of their services, and the exchange rates which they work from are not usually very competitive. There is no harm in asking for a quote though, even if it only serves as a price comparison exercise.

Post Office- Most main Post Offices will offer a similar service to the Travel Agents, at similar rates, so it is best to apply the same principles and shop around before you buy.

Foreign Currency Specialists- The most sensible, reliable and cost effective way of transferring your money to Spain, either for a major purchase such as a house, or regular payments into your Spanish bank account, is through a professional, well established foreign currency specialist. There are many good companies operating in this field across the UK, as well as several British firms based in Alicante province.

The Smarter Money Transfer Service

Operating in Spain since 1999, “Currencies Direct” are experts in dealing with foreign currency affairs, enabling clients to capitalize on their savings and investments. Their professional team of advisors offers a personalized, client-centered approach and will guide you gently through the entire process, ensuring that you are well informed in a language that you can understand. Whether looking to buy or sell property, or simply manage your financial commitments here in Spain, Currencies Direct will empower you with the tools you need to make the most of your money and remain in control every step of the way.

Currencies Direct appreciate that if you are buying or selling an overseas property, you will need to transfer a large sum of money, and therefore want to ensure that you get the best possible deal from the service and exchange rate. Likewise, if you receive a regular payment, such as a pension, in the UK or other home country, which you wish to transfer to cover a mortgage and various bills in Spain, Currencies Direct are happy to arrange this for you. They are pleased to assist anyone who is relocating to Spain to manage their monthly finances; and alternatively, if people wish to return to the UK they will ensure that they get the best possible return on their property sale and any savings which were held in Spain. Plus, Currencies Direct works in collaboration with Caixa Bank in Spain, enabling clients to avoid all charges when depositing a banker’s draft.

There are endless benefits to placing your trust in Currencies Direct: primarily making the money transfer process as smooth, simple and cost effective as possible. Their exchange rates are guaranteed to beat those delivered by most high- street banks, and they also offer fee- free transfers, meaning that it is always the client that profits from their money, not a third party. Clients receive impartial expert guidance and market analysis from the multilingual team, who monitor the markets and services closely to secure the best possible deal for them and optimum time to make the transfer. This can result in huge savings on every transfer, every month! They offer a range of transfer services which are tailored to the client’s individual needs, including spot contract (immediate transfer), forward contract (buy now, pay later), limit orders (transfer is made once the desired rate has been reached), rate alerts (be informed when your desired rate has been reached). Plus, transfers can be made by phone or at one of our twelve branches based in Spain, where their currency experts are happily awaiting your visit. You can even arrange your transfers on-line or via their app, at anytime, and from anywhere in the world. All of this means that by entrusting in Currencies Direct, making any overseas transfers is extremely quick and hassle- free!

Client Testimonials
Currencies Direct have an impressive portfolio of satisfied clients, who return to use their service to cover all of their transfer requirements.

Jane Miller commented that “We set up an account with Currencies Direct for a house purchase in Spain. It was very easy to use the app and other on-line services and we received good personal support from the office in La Zenia too.”

Isabell Lotz said that “Currencies Direct offered brilliant advice and customer care. They made me feel comfortable and confident. I couldn’t recommend them enough!”

Daniel Woodbridge told us that “Jackie made my currency transfer painless. She explained every single detail in depth, so that I fully understood. My congratulations to currency direct for running a great team. Will recommend them time and time again”.

Gary Humphrey was impressed by the “Exemplary Service”. He said that “The whole experience, from start to finish, has been excellent. Currencies Direct explained their service clearly and succinctly, were contactable throughout the process, and the online mechanics of making the transfer on their site were so simple and clear. And the recipient of my transfer of funds received their money in their account within a couple of hours (from UK to USA). Just an excellent service, and I cannot praise Currencies Direct enough. I would highly recommend them! “

Phillip Verhamme had a great experience with Currencies Direct from the word go. He commented that “From my very first contact with this company I was extremely impressed with the speed, efficiency and courteous manner in which they dealt with my enquiries and handled what could have been timing wise, a difficult situation, together with first class exchange rates.”