Transfering money

[Arthur Little]

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.

Hope this is helpful to some of you guys.

Handy to know, John! Thanks.