How to Send Money from the UK to Spain

Posted: Jan 24, 2019 | Tags: currency, exchange rates

The British pound was so named because English silver pennies all added up so that 240 of them added up to equal a pound.

In Spain, euros are used as currency. One euro currently equals about 1.14 United States dollars, about the same amount as they're worth converted into pounds.

If you're looking to send money from the UK to Spain, you have to go through a few steps of the process first. 


How to Easily Send Money From the UK to Spain

Perhaps you're looking to buy a home in Spain, or you're simply looking to transfer money to a relative or go on vacation. Either way, you're going to need to know how to send money one way or another. Might as well start now.

More British residents move to Spain than any other country in the EU. Perhaps it's your turn?

The Steps of Sending Money

Sending money abroad often requires that you have a service that will assist you with the transfer. There are a large amount of money transfer services, so you'll need to do some research to determine which the best one for you is.

The most important thing to ensure is that you can trust the service that you're using. Check out their legitimacy by looking up reviews of the service.

You want your payments to be secure, and sending them through a site that you can't trust is a very dangerous move. You'll also want to compare the exchange rates to the current rates to make sure you're getting a fair transfer. Many services allow you to simply send your money via debit card.

Look at a company that provides rates independently of the app or service that you're using so that you're getting information from a third party that's not trying to sell you something. 

Your service should be fair and it should be fast. If something seems fishy, choose a different service. You should only be paying a small flat fee on top of the money that you are already sending, and nothing more than that.

Legislation in the EU also states that in order to transfer money, you will need to have the complete information between the payer and the payee. This means that along with your own personal information, you'll also need to know all the contact details for the account receiving the money and the account number. You will also need to be able to provide information on the reason that you're transferring money.

Partner in Finance

You don't have to go through your money ventures alone. Rightcasa can help you with business matters that go beyond just sending money back and forth between countries. After you send money, perhaps you're looking to relocate your living situation.

If you want to get established in Spain, Rightcasa is the place to go. They are professionals that you can trust to manage your properties, and let you know the ins and outs of business that you might have not known on your own.


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