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best way to transfer money from spain to ireland

  • 10-11-2006 03:33PM
    #1
    penny1001
    Closed Accounts Posts: 52 ✭✭


    Hi,
    I need to transfer 4000E from a friends bank account in Spain to mine here in Ireland. How would you do it? I have heard some horror stories about lodging it into accounts and western union charge through the roof. what other options are available to me?
    thank you,
    Ken


Comments

  • #2
    dermot_sheehan
    Closed Accounts Posts: 2,062 ✭✭✭dermot_sheehan


    Get IBAN and BIC code for Irish Bank account.

    Go to Spanish Bank and transfer money for same cost as a domestic transfer in Spain.


  • #3
    genie
    Registered Users, Registered Users 2 Posts: 975 ✭✭✭genie


    On the same sort of topic, I want to transfer a large amount from a UK bank account to a bank account in Ireland. I checked the amount with several online currency converters and made sure that I had the correct amount in my account and a bit over. When I was at the bank, however, they told me that it would be a sum circa £1,500 more than any of the online currency converters and so I couldn't complete the transaction. :(

    Why the difference? What sort of exchange rates are they using? :confused:


  • #4
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    You have to remember two things..the exchange rates you find on the web aren't nessecarily the same as the banks use for individual customers. The rates used for big business transactions and currency trading aren't the same as the ones the person on the street gets.


  • #5
    penny1001
    Closed Accounts Posts: 52 ✭✭penny1001


    thank you,
    I will contact my bank for those codes,
    Penny


  • #6
    havana
    Registered Users, Registered Users 2 Posts: 755 ✭✭✭havana


    Its pretty expensive to transfer money in and out of a spanish account

    0.2% for anything less than €12,500, 0.5% for anything over that amount.

    Not too bad on €4000 but once you get into large ammounts you really feel it!


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  • #7
    RainyDay
    Closed Accounts Posts: 6,925 ✭✭✭RainyDay


    BuffyBot wrote:
    You have to remember two things..the exchange rates you find on the web aren't nessecarily the same as the banks use for individual customers. The rates used for big business transactions and currency trading aren't the same as the ones the person on the street gets.
    Euro to Euro transfer - no fx rates.


  • #8
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    Euro to Euro transfer - no fx rates.

    genie's post is about GBP


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