Bank Money Transfer from UK Accounts to Bankia
Sending UK pounds to a Bankia euro bank account using a currency exchange broker will save you money on the GBP to EUR exchange rate. The best alternatives for sending funds from the UK to a Bankia account in Spain, a currency broker will also save you time on the transaction.
Bankia was formed in December 2010 after consolidating the operations of seven regional Spanish savings banks. As of 2014, Bankia is the fourth largest bank in Spain with over 12 million customers. Bankia SA engages in bank accounts financing and insurance to the Spanish market. Bankia’s registered office is located in Valencia and its operating headquarters is in Madrid, Spain.
Bankia UK Pound & Euro Exchange Rates
|Bank Name | FX Broker Comparison||FX Rate||GBP to EUR||FREE QUOTE|
|Currencies Direct||*0.65% to 1.0%||€1.105 to €1.108 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 Transfer to/from Bankia 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 Bankia 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 €5576.07 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 Bankia
To transfer funds abroad from your Bankia 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 Bankia branch.