Bank Money Transfer from UK Accounts to Banco Sabadell
Transfer UK sterling, euro currency to your Banco Sabadell account in Spain and save money with a better exchange rate through a private broker. The best alternatives for sending funds from the UK to a Banco Sabadell bank account in Spain, a currency broker will save you time and money on the transaction.
About Banco Sabadell
Banco Sabadell is Spain’s fourth largest private banking group which includes several banks, brands, subsidiary and holding companies spanning the whole range of financial business. Banco Sabadell has a network of 2,418 offices employing a total of 18,077 staff.
Euro Currency Transfer to/from Banco Sabadell 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. TorFX v traditional bank exchange rates:
|Company Name||FX Rate||GBP to EUR||FREE Quote|
|Banco Sabadell||*4.0%||€1.075 info||Enquire|
|Typical Bank Rates||*1.9 to 6.2%||€1.05 to €1.098 info||Enquire|
UK pound sterling (GBP) to euro (EUR) currency rates are updated daily at 09:00 GMT. Data source – ECB
*Note: A lower FX Rate will give a better exchange rate when transferring money to/from euro. Specialist foreign exchange companies including the ones listed below can save you money and time on the transaction.
UK bank to Banco Sabadell 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 €5599.235 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 Sabadell
To transfer funds abroad from your Banco Sabadell 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 Sabadell branch.