The best way to transfer money to Spain from the UK immediately

With the thriving globalization, people have a tendency to go abroad more frequently. This leads to an incredible rise in international transactions. However, how to effectively transfer money to Spain from the UK still makes us feel like a cat on a hot tin roof. So, in this article, we will give you some useful information about transferring money internationally, in particular to Spain, so that you’re likely to stop your anxiety.

The best way to transfer money to Spain from the UK immediately

Ways to transfer money from the UK to Spain

Spain was the UK’s 10th largest trading partner in the four quarters to the end of Q1 2022 accounting for 2.9% of total UK trade. Total UK imports from Spain amounted to £25.2 billion in the four quarters to the end of Q1 2022 (an increase of 27.2% or £5.4 billion compared to the four quarters to the end of Q1 2021). That’s why transferring money from the UK to Spain is a big concern to many traders.

An international money transfer is a service that allows you to send money overseas for many different reasons. Especially, we are living in a society with the speedy development of internationalization. So, these transactions have become more popular than ever. To the UK people having a second home in Spain, or conversely, to the Spanish having another home in the UK, it’s quite inconvenient to send money for paying bills, taxes, or living expenses there. So, how easy is it to transfer money from Spain to the UK and vice versa?

Using money transfer services from banks

This is the most popular way of transferring money abroad because of its convenience. You just need to come to the local bank branch with your debit, credit card, or account or bank account in Spain. After that, the bank will be responsible for everything for your request of sending money. In another way, you also do these money transactions through ATMs.

Sending money internationally by banks is so simple, right? However, everything has its pros and cons. With this benefit, it also has some drawbacks, the fee, for example, charged to supply this service may be quite high. Additionally, it can take a long time to be moved into the receiving account. Sometimes, this makes us unsatisfied if we want a quick process.

Getting support from money transfer companies

Contrary to bank transfers, some financial companies are likely to provide the services of sending money with lower fees. Also, the speed of performing the transaction is super fast. Even when the banks are closed, you still can send money overseas whenever you want. So this is the reason why people prefer to send money in this way.

Are safe international money transfers necessary?

Normally, we are encouraged to be vastly careful when carrying out transactions relating to money. A large number of people have been stolen their money and received nothing from these deals lately, especially when we transfer money online to Spain via free apps. We may think that it is simple and safe to use online payment apps, but it’s absolutely not. They can lead us to a doubted link, if we click it, all the money will be moved into the fraudsters’ accounts.

Moreover, our personal information is also simply stolen from using distrust platforms. To use any apps, we are required to provide them with our information such as name, address, phone number, bank accounts, and so on. And then, they can take advantage of these data to swindle money out of us. Therefore, safe global money transfers are immensely crucial.

Things to keep in mind when you transfer money to Spain from the UK

In order to avoid bad situations such as wasting money, we need to be alert to tricks. Besides, we also need to inquire more information about transferring money well, especially these points below.

Exchange rates

This is one of the most important factors in internationally transferring money. The value of the currency in this country can be higher or lower than in another one. So, foreign exchange rate can make a difference when transferring a large amount of money from the UK to Spain. Knowing exchange rates thoroughly, we can save money by minimizing the spending on transferring money.

Transfer fees

Fees for transfers are also a factor that we cannot ignore while considering money transfers to Spain from the UK. Some banks may ask you for high transfer fees or additional fees. Therefore, you need to grasp the fees of transfer in the market data to compare them among the banks, so that you can find the best fee for yourself.

Check for security credentials

Security is assumed to be the highest priority when transferring money. As we mentioned above in this article, we may face several serious consequences if we use unsafe money transactions. Not only does it cause harmful things for you, but your family or your friends can be also negatively affected based on the information you provided. As a result, to make sure that the money transfer is completely safe, you need to check for security credentials carefully.

Seeking financial services with great value

In case you want to look for a financial company to make a currency transfer, you need to judge some of their values such as reputation, customers’ experience, and the quality of service. Besides, including the fast transfer speed is also a great advantage. Fortunately, DNBC Financial Group can meet all these requirements. We can make sure that you will find great value if DNBC Financial Group is your choice. Simultaneously, our company also has an indirect relationship with international SWIFT transfer and many intermediary banks. Through these connections, DNBC is likely to support clients making an international money transfer via SWIFT Transfer.

Conclusion

The role of international money transfer is increasingly important in our society. It helps people’s lives to be more convenient than ever. However, to assure our safety, we need to notice some points mentioned in the article before choosing a money transfer. If you’re confused about anything, don’t hesitate to contact DNBC.