johncar54
6th August 2009, 14:21
This is reminder of a post I made some months ago, and as I did it yesterday, it still works.
I have a UK Nationwide Debit account
My wife and my son each have an account with a Spanish bank.
Yesterday, at the counter of the Spanish bank, using my debit card, I drew/deposited in my wife's account and my son's account, 1,000 euros and 600 euros from my Nationwide account.
No charge at the Spanish bank and no charge at Nationwide.
I got 1.1742 euros to the pound. The inter-bank rate was 1.18. The bureau de change locally was 1.13, thus, if I had made a cash transaction pounds to euros, I saved around 70 euros
This is by far the quickest (immediate) and most efficient way to transfer money.
I cannot see any reason why the transfer could not have been to a bank in Phil, nor why I could not have taken cash over the counter, as the transaction was to draw the cash and then make the deposit.
I do not have an account at the Spanish bank.
Of course the amount also considerably exceeded my daily limit when using an ATM.
Hope this is helpful to some of you guys.
I have a UK Nationwide Debit account
My wife and my son each have an account with a Spanish bank.
Yesterday, at the counter of the Spanish bank, using my debit card, I drew/deposited in my wife's account and my son's account, 1,000 euros and 600 euros from my Nationwide account.
No charge at the Spanish bank and no charge at Nationwide.
I got 1.1742 euros to the pound. The inter-bank rate was 1.18. The bureau de change locally was 1.13, thus, if I had made a cash transaction pounds to euros, I saved around 70 euros
This is by far the quickest (immediate) and most efficient way to transfer money.
I cannot see any reason why the transfer could not have been to a bank in Phil, nor why I could not have taken cash over the counter, as the transaction was to draw the cash and then make the deposit.
I do not have an account at the Spanish bank.
Of course the amount also considerably exceeded my daily limit when using an ATM.
Hope this is helpful to some of you guys.