help please! has anyone any suggestions on the easiest and cheapest way to transfer money from the sale of our spanish house to a french bank account?

thanks

gina

trasfer from bank account to bank account using IBAN and BIC numbers. Its free under EU regulations if the transfer is done in Euros

Really? Someone better tell the Spanish banks. My bank now charges me to transfer (euros to euros obviously) from my account to another account in the same branch. Even if I do the work myself online!

trasfer from bank account to bank account using IBAN and BIC numbers. Its free under EU regulations if the transfer is done in Euros

Yes, fully agree, I did the same, and also called into my bank a couple of times to keep check on the rate of the day, did it once with one of these (Well known) money transfer companies and to be honest I got only about £90.00 more, and it was more hassle then sitting in the bank and watching a loverly Spanish Lady do it with two clicks of her fingers.

"...if the transfer is done in Euros

...also called into my bank a couple of times to keep check on the rate of the day"

What rate?

...also called into my bank a couple of times to keep check on the rate of the day"

What rate?

When I sold the last house, i put the sale money into my Spanish bank account, the Lady told me if i were to lock it in for 1-2-or 3 months she could offer me depending on the time frame a fixed rate,  interest rate going up with the longer months,  which beat any best rate in the UK at the time, so I locked it in for the 3 months,  back in Spain I asked her to transfer the money over to my UK bank, same bank, gave me the rate of the day,  we all know its up and down daily, so I called in a couple of times, was okay with the rate quoted on the third day, it had gone up by nearly 800€ extra from the first days rate quoted,  transferred it over for no cost, and was more then pleased with the extra amounts, and interest gained.

What rate it was at the time I cant now remember.

Before I ever use any money transfer agents again I would have a serious talk with the bank to see what they would offer. I won this time, maybe next time I wont.

PS...Sorry forgot to add.  NO charges what so ever were charged to me, or paid by me, what I did was all free.

Which bank was this? I'm with Sabadell, and it's getting to the point now where they'll charge me if I move money from one pocket to another. And did they also let you pay in a bankers draft for the sale of your property with no charge? 

"transferring money from Spain to France"

There are no charges for SEPA transfers, which are of course in Euros (so no exchange charges either).

see here for explanation:-      http://www.citibank.co.uk/personal/banking/international/sepa.htm

Good to know. I got clobbered last year transfering money from Spain to Gib - perhaps I should've sent it to Uk first? My bank manager lied to me - told me there'd be no charge, then charged me and refused to refund it. Silly me, i never got it in writing, taking him at his word - but he's a banker, I should've known better. 

Does make you wonder how they can justify charging to move money from one account to another within the same bloody branch though. Or does this int'l thing only apply if you're moving between accounts in the same name?

Which bank was this? I'm with Sabadell, and it's getting to the point now where they'll charge me if I move money from one pocket to another. And did they also let you pay in a bankers draft for the sale of your property with no charge? 

Well, now this might all change,  because when I did this it was Halifax in Torrevieja, back to Halifax in the UK...Which then changed to Lloyds....Which has now changed to....Sabadell.

Yes, they charged, Halifax Spain, to pay in the bankers draft but it was only about 7€'s can remember this because I had been told something like about 50€'s.

When Sabadell took over my friends spoke of the trouble others had with them, so perhaps all is changing now.

I will find out by how much things have changed soon, I also stopped sending Sterling over to Spain via the same banks even though via bank to bank it was free , I have gone to the money exchange shop in Torre, much better rate with cash,  and have paid that cash into my bank which also was free, perhaps not so now.

Well, good luck. Never was Mark Twain's famous definition of a banker more true than with Sabadell. (A banker is someone who lends you his umbrella when it's sunny, then wants it back when it starts to rain). When they were Solbank, and I had a tidy sum deposited there, they bent over backwards for me and charged me for nothing. Since I moved my deposit to Gib last year, they treat me like scum and won't even look me in the eye. It's a mystifying Spanish personality trait - they generally get poorly paid with crap conditions, and yet take everything so personally, as if their loyality to their employers is stronger than anything.

Roberto, You will probably remember  I posted this before aboit Solbank/Sabadell  

SEPA payments will not necessarily be provided free by all banks, individual banks can impose their own charges as they do now but it is expected they will be lower.

http://ec.europa.eu/internal_market/payments/sepa/faq/index_en.htm#maincontentSec5

I'd put it in a plastic bag and drive it to France !

The plot thickens! Andyintorre: "transfer from bank account to bank account using IBAN and BIC numbers. Its free under EU regulations if the transfer is done in Euros"

Care to expand on the above statement? It would be good to get the definitive facts - especially on a site that's heavily sponsored by a currency exchange company that will struggle to stay in business if this is in fact true! 

dear all

many thanks for all your information in the threads!  we are with Lloyds now Sabadell which does not sound good after reading your info!  still some researching to do methinks! g

I have interests in France and transfer money every month to my French bank account from my Cajamar account on line. No charges, nada. Why people stay with rip off banks such as Sabadell is beyond me. They complain how they over charge yet do nothing about it.

Well, I am with Sabadell and seem well served with no charges whatsoever, so far. Maybe you should look carefully at the terms and references for the various accounts offered.