If you’d like to transfer money from Spain to the UK, Moneycorp is on hand to help. We’re here to explain the payment process, so that you have all of the information that you need to transfer your money in a quick, easy fashion. Setting up a Moneycorp account is simple and straightforward, as you’ll see, and we’ll convert your euros to pounds sterling at a competitive rate. You’ll also find answers to questions that you might have about how to send money from Spain to the UK.
You can sign up online or over the phone for either a personal or business account with Moneycorp.
Set up a payment to the UK
After you’ve added a new recipient or chosen from a list of your existing recipients, you’ll need to specify how much you’d like to transfer from your Spanish bank account.
Questions about making a payment to the UK from Spain
How long will a bank transfer from Spain to UK take?
When you send money from Spain to the UK with Moneycorp, your money will arrive in 1-2 working days. You can make your payment either online or over the phone, and you’ll also be able to track your payments and view your full transaction history.
How much does it cost when transferring money from Spain to the UK?
We don’t charge any international transfer fees when you make an online payment to Spain, which means that you’ll be able to take advantage of our competitive exchange rates without having to worry about any additional transfer fees.
You will only incur fees if you decide to automate your recurring payments with a Regular Payment Plan.
What details will I need to make a bank transfer from Spain to UK?
You will need to provide us with the following information in order to make a payment to a UK bank account from Spain:
- The recipient’s full name and address
- Their account number
- Their International Bank Account Number (IBAN)
- Their Bank Identifier Code (BIC) or SWIFT code
What do I need to be wary of when sending money from Spain to the UK?
The exchange rate used for your international payments is the key factor that you’ll need to bear in mind when sending your money to the UK. Banks often have large exchange rate margins: they tend to charge up to 3-4% more than currency specialists, which means that using a bank, as opposed to Moneycorp, to transfer your money from Spain to the UK could cost you thousands of euros. Additionally, banks almost always charge international transfer fees per money transfer. The good news is that you can enjoy fee-free online international transfers with Moneycorp.
You should also be wary of the fake exchange rates that are quoted online. The live rates displayed on sites like DailyFX and XE are interbank rates, as opposed to rates that are available to everyday consumers; as such, they can give individuals who wish to make international transfers false expectations.
Are there any limits on the amount of money that I can transfer from Spain?
There is a £100,000 upper limit for personal transfers made through our online platform. Transfers made over the phone, however, have no upper limit, and so you will need to contact your Moneycorp account manager by telephone to facilitate larger payments from Spain to the UK.