About GBP and EUR
The GBP and EUR are some of the most dominant currencies in the trade market. With that said, it is good to know that these are some of the most exchange currencies in the trade market as well. While thinking about transferring money from UK to Spain it is important that you evaluate all the possible exchange rate options that you may have. When it comes to converting GBP to EUR, you should know that you can always rely on online exchange rate services like the one being offered by XE Money.
Best way to send money from UK to Spain
Whether you are sending money to Spain from UK, the first thing you need to consider is the exchange rate. With over 10 companies offering online currency exchange services for GBP to EUR, picking the right choice of service can be a challenge. However, with Exchange Rate IQ, all you need to do is compare the available services and identify one that suits your needs.
From the records, XE Money still remains the people’s choice for many people who want to send money to Spain from UK. That is because it is fast, accurate and the service rates are affordable with regards to the quality of the services. Thanks to its mobile App, XE Money converter allows for GBP to EUR exchange from the comfort of your smartphone. Other than XE Money, other online exchange options you can consider include; OFX, Instarem, Xoom and more.
Besides online cash transfer services, you can also rely on direct money transfer and deposit services as seen with companies like Western Union and World First among other options that we have broken down for you. If you prefer bank to bank transfers as mode of payment, it is good to know that many banks and cash transfer institutions are willing to offer you the service at competitive rates.
5 things to consider before sending money to Spain to UK
As much as you can be spoilt for options when it comes to sending money from UK to Spain, you must keep the following in mind;
Cost of service
Transferring money from UK to Spain should never be expensive even though there are some transfer services that will want to rip you off.
How long the service takes
The Shorter the transaction time the better however it may come at an extra cost depending on the transfer company you opt to work with.
Mode of transfer
You need to be sure if you need to send money from UK to Spain online via services like XE Money or make direct bank deposits. This should be determined by what the receiver prefers.
Exchange market rates
Different money transfer companies offer different GBP to EUR exchange rates. Finding the perfect rates however is not easy but that is not the case if you use Exchange Rate IQ.
How much you need to send
There are some money transfer companies that of fair rates if you are sending more money and others will favor you only if you need to send small amounts.
The fastest way to transfer money from UK to Spain
It is without any doubt that the fastest way to transfer money from UK to Spain is through online platforms like the earlier mentioned platforms like XE Money, XOOM and others. That is because the operation is instant through the phone plus the services becomes accessible 24/7. Other direct cash transfer services can also be instant but not compared to online options especially if you need to transact in the night.