There are many options to transfer your money to Spain and it can be overwhelming and confusing when looking at the exchange rates, fees and services. This is why some people still unfortunately use their own banks to carry out this service, which is always one of the most expensive ways to transfer money and you can lose thousands due to heavy fees and poor exchange rates.

To help you save money and to transfer your money to Spain with complete ease, we recommend and will always recommend Currencies Direct, as they are the best. We also recommend for you to make contact once you have made the decision to buy property in Spain, as you will save even more money than if you leave things to the last minute after you have purchased the property.

Here are just some of the reasons why you should use Currencies Direct:

  • Bank-beating exchange rates* and no transfer fees 
  • Access to a dedicated currency expert
  • 100% security of funds
  • Variety of products tailored to help everyone’s needs
  • Transfer in branch, by phone, online or via our mobile app
  • Fee-free depositing of banker’s draft thanks to our exclusive partnership with Caixa Bank

Here are some of the products and services they can offer you:

Spot transaction

Ideal for the immediate purchase of currency. Book your rate online or through your dealer over the phone. Once Currencies Direct has received the funds from you, the currency is immediately sent out to your beneficiary details specified in your Contract Note.

Forward contract

Perfect for budgeting for a property purchase, or if the exchange rate is favourable and you know you will need to move a large amount, the Forward contract enables you to lock today’s rate up to a year in advance. You only need to leave a small deposit, and pay the rest later; once Currencies Direct has received payment for the currency, the funds will be sent out to your beneficiary account details on the maturity date of the contract.

Time option

This contract is similar to a Forward contract, but with more flexibility. You can buy the currency up to a year in advance; however, unlike a Forward contract, you will be able to draw down on the funds whenever you need to (as long as the funds have been received by Currencies Direct); this can be done all at once or bit by bit.

Regular Transfers

These are ideal for anyone making monthly or quarterly payments out of the UK. The payments could be for a number of reasons such as paying off a mortgage overseas, maintenance fees on a property, topping up an overseas account for living funds, sending your salary home; whatever the case may be, our Regular Transfer Plan (RTP) takes the hassle out of regular payments. We will set you up with a direct debit so that your payments come out of your account on a monthly or quarterly basis. The exchange rate is booked with all other Regular Transfer Plan clients at 10am on the due date of the RTP run (if this date falls on a weekend then the rate is booked the Friday before).

Limit orders

Limit orders are a great way of ensuring you don’t miss the exchange rate when the markets are moving and so achieve the rate you want. If the exchange rate is close to where you want it, you can target your desired rate with your dealer, using a limit order which monitors the rate 24/7. As soon as the rate reaches an achievable level for us to buy your currency, then your limit will trigger the purchase of your currency. These deals are good until cancelled, so if the rate doesn’t reach the level you want it to in the time frame available, then you can cancel the contract at no extra cost.

Rate Alert

This service is available to all registered clients who are looking to move their money overseas and want to make the most of their money. We’ll keep an eye on the markets for you; you only need to tell us your desired rate and we’ll inform you when the market has reached this rate. Additionally, our team of experts can provide you with market information and trends to help you make a decision on when to transfer your money.


Our new online international payments system designed to make online international payments easy. You can store your beneficiary details on the system, make regular payments, add new beneficiaries or edit existing ones, whenever required. iPayFX has live market rates which constantly change with the fluctuating market so you benefit from the most current market position. Once you agree to the rate, it is locked in and you know exactly what price you will pay for your currency. You can review a statement of all your transactions in the system providing you with a record of all online payment platform payments.

For more information, visit the Currencies Direct website or to ask for a quote, just fill out the form on the right with the amount that you are looking to transfer.

*Fees and exchange rate data for banks taken from the International Money Transfer Index™ (IMTI™). For more information on their bank-beating exchange rates, visit the Currencies Direct website.
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