Making a personal currency transfer to Spain

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There are many reasons for needing to transfer money to Spain. Whatever the reason, from going there on a holiday, sending money to family or friends or even paying bills or a mortgage on a holiday home, you can save a lot of money just by choosing the best company or broker to exchange your currency for Euros.

Using an exchange bureau, agency or bank can incur hefty fees and charges which often make what seems like a the most sensible option for transferring your money. This is particularly true if you intend to make the small personal transfer regularly. There is often a transfer fee for each individual money transfer, so when you add up all of the costs, it hardly seems worth it. One option people take is to open a bank account in Spain and have all of the money for bills etc come out of that account - avoiding the exchange of currency for each payment. The problem is getting the money in to the account in the first place. This would allow you to make your transfers less often, in larger sums to save money on transfer fees - but the hassle could easily be saved by a foreign exchange broker. This would also be extremely impractical for very small transfer such as helping a relative out once a month while they are working abroad.

Make sure you avoid commission, service charges and handling fees by using a foreign exchange broker such as RationalFX. They can save you money on exchange rates because they make their money from the buying and selling of bulk currency, not from applying fees! There is no transfer fees or commission deducted from your money transfers and they can also arrange a regular payment plan for you, which guarantees you a set rate for all transfers made on that agreement.

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Making a personal currency transfer to Spain

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TORFX are located at:
Penlowarth, Penzance, Cornwall, TR18 4ED, United Kingdom

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