Sold Up? Need To Send Your Money Back Home?
Moneycorp Can Save You Money
As a result of EU and Bank of Spain regulations governing cross-country euro payments, Spanish banks are presented with a perfect opportunity to charge you substantial amounts of money to send your euros out of Spain.
When you sell a property in Spain and repatriate your funds, most Spanish banks will not only charge you to deposit and clear the banker’s draft that you receive from the Notary, they will also charge significant sums to send your funds to the UK.
These charges could add up to 1% of the total amount being sent. To put this into perspective, with a sale price of €150,000, you could be charged up to €1,500 just to send your property funds overseas. And that’s before you exchange your currency.
Moneycorp, in conjunction with one of the major banks in Spain, has devised a solution that will enable people selling properties in Spain and repatriating money to the UK to drastically reduce the fees they have to pay.
With a fixed cost of €275, you will be able to deposit your Notary draft and, once cleared, send your euros to Moneycorp to exchange for sterling – saving you a significant amount of money in both fees and exchange rates.
The table below illustrates how many more pounds you can get for your euros by using Moneycorp instead of a Spanish high street bank.
Based on receiving a banker’s draft for €150,000:
For further information about saving money when repatriating funds please fill in the form on the right.
"I just want to thank you very much for all your help. I have spoken very highly of your service to several others who are purchasing homes, so you may get a few more calls coming in. Thank you once again for your first class service."
James Symonds