Paying a Cheque into my Spanish Account - Page 2

JanB wrote on Tue Aug 23, 2022 7:53pm:

HMRC told us that due to the banking regulations they are no longer able to pay directly into our accounts, they had to send us cheques. Ergo we had to send said cheques to family in UK in order for them to pay into our UK accounts!!!

em68 wrote on Wed Aug 24, 2022 1:02pm:

It may vary depending on payment type, but when I contacted HMRC on my UK state pension, they suggested paying it direct into my Spanish Cajamar account in euros. They’ve been doing this ever since and it actually hits my account the day before I used to get it in my UK account.  Exchange ...

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...rate v good and I don’t get charged by the receiving bank. I have found sometimes that I get two different answers from HMRC and I had to deal with it by telephone but might be worth it for people doing regular HMRC transfers although probably not much you can do about the cheque you have just received

KatySJ wrote on Wed Aug 24, 2022 10:00am:

All the advice you’ve been given above is really good with respect to posting the cheque into a UK account - your own or someone else’s - to avoid paying the exchange rate that the bank will charge you. That will cost nothing, and then you can use a reliable company to send the money to Spain...

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... - we use Currency Fair, and pay £3 to send it to Cajamar - other trails on this page recommend a number of other companies too. That way you will get a much better rate of exchange. It’s worth doing if you’re talking about a four-figure sum. Good luck!