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Old 25th September 2007, 04:10 PM
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Default Dont dismiss the High Street Banks

Quote:
Originally Posted by Shan1952 View Post
Hi,
We are in the process of buying a house in Spain & have to transfer 10,000 euro for the deposit and then the remaining balance of around 180,000 euro in a couple of weeks time.

I have tried to find the best & cheapest way to do this but am getting rather confused. I would be grateful for any advice you could give me.

Thanks
Sharon
Hi Sharon

I was in the same boat as they say , Been watching the Euro Rate up 1.48 and around that mark for ages , My Villa is now ready and i needed to send funds immediately so what happens yep same as you know doubt !!
I go away a couple of days and wallop its down to 1.42 . I checked on line with Money Corps etc it was 1.438 , Now due to the speed of which i have now had to complete on the VIlla after a period of waitting some months for a poxy NIE which everyone said "Oh only takes a couple of weeks etc !!!" Eventually turned up , but all of a sudden to catch the original deadline had to send the Euros ..

Anyways back to the story , Well i had no option and really being honest was at my Banks mercy (HSBC) so in i trundle and they tell me the rate is 1.35 !!! Get out of it i tell them , thats kiddys hoilday rates . I have checked and on the Internet i can get 1.43 . Will be moving 165,000 over so if you want the business you got to do better than that !! ( keeping fingers crossed and expecting the tough but thats the rate ,etc , But she rings Head Office and i am sitting waitting to hear maybe 1.40 tops from her , Well she says they cant beat it but will match it !!

So some small relief although still not happy i cant blame the bank though and the HSBC did come through and cost me £ 10 to send it ..

Now morale of the story for all to heed !

1/ When the rate gets high enough your happy to swap money , do it ..dont wait ..
2/ Dont believe the Rates they show and say are fixed ! They have a lot of scope as i proved ..



Well of now to take posession of my Villa ,so catch you all soon . Unless they sold me just the land and i get arrested for murder LOL
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