Currency Exchange in Spain:
Buying a villa in Euros...
We are pleased to offer a cost-effective, efficient and professional service to exchange your currency, whatever the denomination. Using the services of the HSBC bank we can safely exchange currency for Euros, without all the costs.
When buying Spanish property the major cost
is from the Spanish banks who charge a premium for the pleasure
of putting your euros into your Spanish bank account. Together
with the commission fees charged by most banks to convert the
currency in the first place, not to mention the sending fee, you
cannot afford not to use this service.
How do you use our curency exchange service? Simple contact us and we will do the rest, for the first application, we will need a copy of your passport and driving license. Once you are registered you can use the services as many times as you like. We will contact you with the current rate of exchange; if you are happy with the rate we will do the rest. (please note once you agree to the rate, and book the currency, you are agreeing to purchase that currency at the agreed rate, this is contractual and cannot be cancelled once you have instructed us to book the currency).
How long does it take for exchanged currency funds to reach your foreign bank account? Once sterling funds have cleared into the HSBC account we will give you, this normally takes 5 working days for a cheque, 2/3 for a BACS transfer, a CHAPS transfer is instant, if you are in a hurry we recommend a CHAPS transfer. Your foreign currency will reach your bank account within 1 to 5 working days.
How will your curency exchange funds be secured? Your funds will be held in a dedicated HSBC client account.
How do we manage to beat the banks on curency exchange? Yes, we give actual exchange rates provided at that time rather than indication rates as provided by other sources such as Teletext and other internet sites.
How much does it cost to use the curency exchange service? Nothing! There are no fees to register, no commissions and no telegraphic transfer costs. For transfers to Spain we also guarantee no receiving charges at ANY SPANISH BANK
Can I recieve regular monthly payments? Once you have purchased a property overseas or emigrated to another country, you may still need to transfer or receive currency on a monthly basis. Currency fluctuations, however, can make budgeting impossible. Additionally, the international transfer fees and commissions charged by your bank can make transferring small regular monthly amounts an expensive venture. With the our Monthly Payment Plan, you can automate your transfers and fix your monthly rates. This will not only save you money, it will give you peace of mind. The Monthly Payment Plan is suitable for any type of regular monthly payments; overseas mortgages, pensions, salaries, the repatriation of foreign income, or even simply transferring money to pay for the maintenance of your holiday home.
How we can save you money:
- Free of charge transfers
- No commission fees. You will know exactly how much money is being debited from your account every month. The entire process is automated and safe, giving you complete peace of mind.
How does it all work? Once you are registered, we will guide you through the entire process, answer any questions you may have and offer a competitive rate of exchange. You will then need to set up a Standing Order from your bank account to our HSBC account so that the set amount of money is sent to us every month. Once you've instructed us where to send the currency onto each month this will become an automated, stress-free method of sending money abroad regularly. Please note that international transfers can take between 3 and 5 days to be credited to a foreign account, depending upon the country to which they are being sent.
