transferring money .

Hi there,

 If you have a Bank account in the UK with a bank that also has branches in Spain you should have no trouble with Money transfers Halifax UK & Halifax Espania both  give excellent service.

Hi,

We have had a Halifax UK bank account for a long time now and when we were buying our villa opened a Banco Halifax Hispania account.

Fine, marvellous, no problems at all and we were very happy with the service. Transferring money either way has never been a problem.

Tonight my wife has just e mailed me ( i work abroad) to say that Lloyds has contacted her in UK to say we have to now contact them  to start the process of converting all our accounts to the Lloyds side of the business.

Looks like it is the start of re-naming, re- branding all their overseas branches etc etc etc......... a pain in the butt !!! i guess.

How much will all this re-naming of the branches, signs, hoardings, advertising, decor, colour schemes, new uniforms for staff blah blah blah cost. and guess who will pay for it all.

Interest rates ..what interest rates.

I just thought i would give everyone who has an overseas Halifax account a "Heads Up " on what they can expect over the coming weeks.

Regards,

John.

The Caxton Euro card has been mentioned by a poster as a "free" card with an excellent exchange rate. But its website clearly states that each transaction in a different currency whether through an ATM or in a shop, carries a charge of 2.5%. That makes a wonderful exchange rate of 1.20 suddenly become in reality 1.17!

Lis48

That be me then, this card is great for me and anyone who needs to live on euros and has a uk address. To try and answer your point, why would you want a euro card if  you don't want euros but different currencies !

 Sorry, must have been brain dead. I guess they make their money on the cash usually left on the card at the end of your hol as it gets no interest and you lose a lot changing back. It´s hard to judge how much to take on holiday so most people take too much. Shame it´s only available for UK residents (proof of address needed) and by debit card ( credit card is 3% extra).

It all depends on the amount you want to transfer as something like the Caxton card has a max of €7500 and other posters were talking of much larger sums.

Is it possible to use Paypal to transfer money from our UK account to our Spanish bank account?  I have looked at their website, and I think it might be possible, but I think I'd need two email addresses, one to send from and one to receive funds.  Has anyone used this method, and do they give a good exchange rate?.

To answer Ray, I think they buy in bulk when exchange rate is good.

I would never use the large companies for large transactions,  I always opt for smaller businesses where the service is more personal, SAT Worldwide is the one most recommended, based in Henley.