Exchange rate - Banking and finances in Mojacar - Mojacar forum - Costa de Almería forum in the Almeria province of Spain
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Exchange rate

Posted: Tue Feb 4, 2020 11:13am
5 replies171 views3 members subscribed
Maggiep

Maggiep

Helpful member

Posts: 243

82 helpful points

Joined: 8 Jan 2020

Morning.

What sort of rate for sterling into euros are the Spanish banks giving at the moment.

Thanks in advance

Kevster

Posted: Wed Feb 5, 2020 11:08am

Posts: 73

21 helpful points

Location: Chirivel

Joined: 4 Oct 2016

Posted: Wed Feb 5, 2020 11:08am

Get your self  a Revolut card,  1.1840 today.   They always give interbank exchange rate.

Jimh

Posted: Sun Feb 9, 2020 3:09pm

Jimh

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Posts: 454

705 helpful points

Location: Huércal-Overa

Joined: 11 Oct 2019

Posted: Sun Feb 9, 2020 3:09pm

You can get a Revolut card on your phone - you can have a virtual and/or a physical card - no bank fees for the basic account and you can have UK and Euro accounts on the same card and swap money between the two at inter bank rates. I'm going to Sweden in March for a week and set up a Krone account in two minutes so I can load money onto it and anything I don't spend I can swap back to Euro. You can also link your card to your phone so that if your phone is not close to the card the card will not work.

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Maggiep

Posted: Mon Feb 10, 2020 9:26am

Maggiep

Original Poster

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Posts: 243

82 helpful points

Joined: 8 Jan 2020

Posted: Mon Feb 10, 2020 9:26am

Hi Jim.

Thanks so much for your reply. Really interested in this. Coming over to hopefully purchase in a couple of weeks, I’m not really sure how this Revolut works though. Would it link with my uk bank. I havnt opened a Spanish bank account you. 

Sorry to sound thick but struggling to understand how it works.

Best regards

Maggie

Jimh

Posted: Mon Feb 10, 2020 9:53am

Jimh

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Posts: 454

705 helpful points

Location: Huércal-Overa

Joined: 11 Oct 2019

Posted: Mon Feb 10, 2020 9:53am

It is nothing more than an app and you send a photocopy of your passport with some other form of ID / took an hour to sort - you have a IBan code in Euro and Sterling to send and receive money and you can set up payees. They have no physical branches. Just google Revolu

Maggiep

Posted: Mon Feb 10, 2020 10:02am

Maggiep

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Helpful member

Posts: 243

82 helpful points

Joined: 8 Jan 2020

Posted: Mon Feb 10, 2020 10:02am

Thank you so much once again. Definitely looking into this today

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