We made one major mistake when we moved to Spain. Yes, just the one! Really!
|We should have known better, we should have researched the options and instead of using a bank to change our savings in Euro we should have used a dedicated currency exchange company.Even with relatively small amounts you’re certain to get significantly more Euros for your Sterling (or the other way around). Better rates can save you hundreds if not thousands. Further than that, if you’re buying a property you WILL save thousands, if not tens of thousands, at the higher end of the market.Over the years we’ve used a number of companies, many of which work well; there’s lots to choose from! Though always be sure to look for the correct credentials when browsing the options.|
Look out for the phrase “authorised and regulated by the FSA” and look for a checkable registration number. If you don’t see that, look elsewhere – this is is your safeguard and your guarantee.
At the time of writing we are mostly using TorFX for our own transfers.
Have a play with the tool on this page which will give you a guide as to how much you could save compared to using your bank at recent rates!
Alan, along with Elle, is the owner of Spain Buddy. He was born in the North of England (Lancashire) and travelled extensively before eventually settling in Almería. Alan has 3 sons from the first of his 18 marriages, (Sam, Joe & Ben) who are all now adults. You can read more articles by Alan on his personal blog at AlanGandy.com and see more of his photography on his photography website as well as on Flickr and Instagram.
Also, for less than the price of a cup of coffee each month you can help support Alan’s photography (and get some freebies into the bargain). Click here to visit his Patreon page to find out more.