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bank fee

Posted: Wed Mar 24, 2021 1:10pm
10 replies427 views5 members subscribed
andrzejw51

Posts: 15

1 helpful points

Joined: 18 May 2017

Hi all,does anyone know how to send a pension from England to Spain to avoid the bank fee I sent via smartcurrencyexchange but from January the bank will charge 18 euro fee. Is there any other way of shipping to avoid this fee,Thank you

Lmj18

Posted: Wed Mar 24, 2021 5:21pm

Lmj18

Helpful member

Posts: 396

452 helpful points

Location: Partaloa

Joined: 2 May 2019

Posted: Wed Mar 24, 2021 5:21pm

Try Wise, previously called TransferWise, we’ve used them for years, quick and cost eff

John99andrew

Posted: Wed Mar 24, 2021 9:29pm

John99andrew

Helpful member

Posts: 784

450 helpful points

Location: Mojacar

Joined: 29 Nov 2017

Posted: Wed Mar 24, 2021 9:29pm

Is it the state pension or private pension ?

andrzejw51

Posted: Thu Mar 25, 2021 12:36pm

andrzejw51

Original Poster

Posts: 15

1 helpful points

Joined: 18 May 2017

Posted: Thu Mar 25, 2021 12:36pm

Lmj18 wrote on Wed Mar 24, 2021 5:21pm:

Try Wise, previously called TransferWise, we’ve used them for years, quick and cost eff

Thank you

andrzejw51

Posted: Thu Mar 25, 2021 12:37pm

andrzejw51

Original Poster

Posts: 15

1 helpful points

Joined: 18 May 2017

Posted: Thu Mar 25, 2021 12:37pm

John99andrew wrote on Wed Mar 24, 2021 9:29pm:

Is it the state pension or private pension ?

it is state pension

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Alicia 11

Posted: Thu Mar 25, 2021 4:34pm

Alicia 11

Super helpful member

Posts: 2098

1775 helpful points

Location: Mojacar

Joined: 30 Sep 2019

Posted: Thu Mar 25, 2021 4:34pm

andrzejw51 wrote on Thu Mar 25, 2021 12:37pm:

it is state pension

just contact the State pension in Newcastle and they will pay it direct into your Spanish account and they get a favourable exchange rate which will vary each month.  no charges. you may also find that the bank will not make any charges for running your account here in Spain because you are paying in a pension on a regular basis.  Win win situation

John99andrew

Posted: Thu Mar 25, 2021 5:17pm

John99andrew

Helpful member

Posts: 784

450 helpful points

Location: Mojacar

Joined: 29 Nov 2017

Posted: Thu Mar 25, 2021 5:17pm

Alicia 11 wrote on Thu Mar 25, 2021 4:34pm:

just contact the State pension in Newcastle and they will pay it direct into your Spanish account and they get a favourable exchange rate which will vary each month.  no charges. you may also find that the bank will not make any charges for running your account here in Spain because you are ...

...paying in a pension on a regular basis.  Win win situation

Correct I have mine payed direct to sabadel no fees

juanida

Posted: Thu Mar 25, 2021 5:49pm

juanida

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Posts: 730

537 helpful points

Location: Sorbas

Joined: 25 Feb 2017

Posted: Thu Mar 25, 2021 5:49pm

andrzejw51 wrote on Wed Mar 24, 2021 1:10pm:

Hi all,does anyone know how to send a pension from England to Spain to avoid the bank fee I sent via smartcurrencyexchange but from January the bank will charge 18 euro fee. Is there any other way of shipping to avoid this fee,Thank you

I wouldm recommend Wise (formerly Transferwise).  My bank (Unicaja) charged quite a lot for receiving my state pension and now I have no problem when Wise took over and paid it into the same account.

andrzejw51

Posted: Fri Mar 26, 2021 6:09pm

andrzejw51

Original Poster

Posts: 15

1 helpful points

Joined: 18 May 2017

Posted: Fri Mar 26, 2021 6:09pm

Alicia 11 wrote on Thu Mar 25, 2021 4:34pm:

just contact the State pension in Newcastle and they will pay it direct into your Spanish account and they get a favourable exchange rate which will vary each month.  no charges. you may also find that the bank will not make any charges for running your account here in Spain because you are ...

...paying in a pension on a regular basis.  Win win situation

Thanks

andrzejw51

Posted: Fri Mar 26, 2021 6:09pm

andrzejw51

Original Poster

Posts: 15

1 helpful points

Joined: 18 May 2017

Posted: Fri Mar 26, 2021 6:09pm

John99andrew wrote on Thu Mar 25, 2021 5:17pm:

Correct I have mine payed direct to sabadel no fees

Thanks

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