Bank Money Transfer from UK Accounts to Banco Popular
The best alternatives for sending UK pounds to a Banco Popular euro bank account in Spain, an FX currency broker will save you money on the transaction.
About Banco Popular
Banco Popular, the fifth largest Spanish bank with assets totalling €157,180 million and a market share in Spain of around 7 percent. Banco Popular has almost 2,000 branches all over Spain, 200 overseas and over 15,500 employees, all specialising in services for SMEs, the self employed and families.
Banco Popular UK Pound & Euro Exchange Rates
|Bank Name | FX Broker Comparison||FX Rate||GBP to EUR||FREE QUOTE|
|Banco Popular||*4.2%||€1.1 info||Enquire|
|Currencies Direct||*0.65% to 1.0%||€1.138 to €1.142 info||Enquire|
UK pound sterling (GBP) and euro (EUR) currency rates are updated daily at 09:00 GMT.
*Note: A lower FX Rate will give a better exchange rate when transferring money to/from euro. The recommended foreign exchange companies listed on our website can save you money and time with your international currency transfer requirements.
Euro Currency Transfer to/from Banco Popular in Spain
Making a transfer to or from the euro using a bank service could potentially lose you thousands of pounds due to the poor FX margin rate offered. Private currency brokers offer a much more competitive rate of exchange. Example: Currency broker TorFX are one of the UK’s leading and largest foreign currency exchange specialists assisting private individuals and businesses with their foreign currency transfers to and from most countries worldwide.
UK bank to Banco Popular account v Currency Brokers
1: Bank money transfer information: General Guidelines – High street banks also charge a commission fee when sending money abroad into another currency – Private brokers offer commission free currency transfers typically over a value of £5000 or €5744.299 euro. Bank transfer commission fees range from £15 to £30 depending on the bank.
2: Unless you pay a premium, high street banks will take from 3 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction between 1 to 3 days.
Sending Money Abroad with Banco Popular
To transfer funds abroad from your Banco Popular account, you have to give the beneficiary’s IBAN and BIC to the bank. There are two types of transfers:
1: Euro Transfers: transfers exclusively in euros for amounts less than or equal to EUR 50,000 within the European Union, including the precise bank details of the beneficiaries (i.e. BIC and IBAN).
2: International Transfers: any transfers within or to countries outside the European Union (other currencies, no IBAN, etc.)
International transfer requests may be submitted by fax as long as you have signed a request at your local Banco Popular branch.