Bank Money Transfer from UK Accounts to Kutxabank
Best exchange rates for sending UK pounds to euro at a Kutxabank account in Spain, a currency broker will save you money on the transaction.
About Kutxabank (formerly Bilbao Bizkaia Kutxa)
Kutxabank is a Spanish savings bank and provides banking and financial services in Spain and other European Union countries. The bank was formerly (Bilbao Bizkaia Kutxa until a merger in 2012). Kutxabank offers a range of services, such as bank accounts, mortgages and loans and operates through a network of over 700 branches, of which 231 are located in Spanish regions of Bizkaia, 168 in Cordoba, and over 300 in the rest of Spain.
Kutxabank UK Pound & Euro Exchange Rates
| Bank Name | FX Broker Comparison | FX Rate | GBP to EUR | FREE QUOTE |
|---|---|---|---|
| Kutxabank | *4.5% | €1.097 info | Enquire |
| TorFX | *0.7% | €1.141 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 Transfer to/from Kutxabank 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 Kutxabank 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 Kutxabank
To transfer funds abroad from your Kutxabank 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 Kutxabank branch.
