Bank Money Transfer from UK Accounts to Bankinter
If you are sending British pounds from the UK to a Bankinter euro bank account in Spain, a currency broker will save you time and money on the transaction.
About Bankinter
Bankinter was founded in June 1965 as a Spanish industrial bank through a joint venture by Banco de Santander and Bank of America. Bankinter was listed on the Madrid stock exchange in 1972, at which time the bank became fully independent of its founders and transformed itself into a commercial bank. Bankinter was in 2007 the sixth largest listed banking group in Spain and provides a wide range of financial services including bank savings accounts. The bank has around 400 local Spanish branches.
Bankinter UK Pound & Euro Exchange Rates
| Bank Name | FX Broker Comparison | FX Rate | GBP to EUR | FREE QUOTE |
|---|---|---|---|
| Bankinter | *3.3% | €1.163 info | Enquire |
| TorFX | *0.7% | €1.194 info | Enquire |
| Currencies Direct | *0.65% to 1.0% | €1.191 to €1.195 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 Bankinter 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 Bankinter 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 €6012.242 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 Bankinter
To transfer funds abroad from your Bankinter 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 Bankinter branch.
