Transfer Charges between Spanish Banks

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19 Jun 2008 12:00 AM by PataCake Star rating. 4 posts Send private message

I recently transferred in excess of 150K euros from my Spanish bank (deposit) account to a Euro account with Barclays in Madrid. I was charged 0.5% in commission. 
Not only that, it took 9 days between taking it from my Spanish bank until it landed at Barclays Madrid.
Are these charges  and service accepted in Spain?




This message was last edited by PataCake on 6/19/2008.



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20 Jun 2008 11:26 AM by Marksfish Star rating in Vera, Almeria. 2624 posts Send private message

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The commisssion sounds about right (but I believe with some banks you can negotiate), but the 9 days is abysmal. Interbank transfers in my experience leave on day 1 to arrive on day 2.

Mark



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20 Jun 2008 2:27 PM by sharonw Star rating in Coin, Malaga. 281 posts Send private message

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Hi Patacake,

If you had made your transfers in tranches of €50K you would not have been charged at all! The timescale is ridiculous!!

 

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Sharon

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 www.themortgageservicegroup.com

 




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30 Jun 2008 10:24 AM by Tamsin Star rating. 169 posts Send private message


We were charged 0.78 Euros just to draw out 2600 Euors in cash to pay for our furniture .  The banks seem to charge for any litlte thing.  It is all very well saying that you can negoitiate but how does one negotiate if you are not based in Spain .

Are the UK banks like Barclays that have a base in Spain as expensive for if they are not then I may change.    78 cents is not a lot but it is the principle of the thing .



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30 Jun 2008 12:16 PM by georgia Star rating in Algorfa (As seen on .... 1835 posts Send private message

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I use Santander,they dont charge anything to transfer within Spain.

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