With more British expats living on Spanish soil than in any other European country, there are thousands of people who need to send money to Spain from the UK on a regular basis.
While most high-street banks provide an international payment service, they often charge you a transfer fee. If you’re looking for the cheapest way to transfer money from the UK to Spain, you may prefer a specialist money transfer service.
To cater to the needs of Telegraph readers, we have partnered with the currency specialist moneycorp to create the Telegraph International Money Transfer Service. By sending your money to Spain with moneycorp, you can expect a competitive pound to euro exchange rate and zero transfer fees.
What information do I need to send money to Spain?
As well as your personal information and the reason for the transfer, you must provide the name, account number and contact details for the receiving account – whether that’s your own account in Spain or another recipient.
Is it complicated to transfer money to Spain?
The Telegraph International Money Transfer Service makes international payments simple. Once you have registered, you can speak to a moneycorp currency expert who will provide bespoke guidance on your payments.
You will also have access to an automated Regular Payment Plan which allows you to specify the amount of sterling leaving your UK account, the amount of euros you will receive in a Spanish account – or both. This is useful if you’re making regular pension payments, or covering regular maintenance costs.
Can I transfer money to Spain online?
When you register with the Telegraph International Money Transfer Service, you will receive your own online payments account, allowing you to send money to Spain online or via a mobile app.
You can track your payments, view live exchange rates and sign up for email alerts on market movements in order to better understand the market.
If you have urgent payments to make, you can schedule them online or via the app which means you can make international payments wherever you are.
For the best way to send money to Spain, join the growing number of Telegraph readers sending money overseas with the Telegraph International Money Transfer Service.
TTT Moneycorp Limited is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (reference number 308919) for the provision of payment services.
The above article was created for Telegraph Financial Solutions, a member of Telegraph Media Group. For more information on Telegraph Financial Solutions click here.