Money Transfers In & Out Of Spain

currency-exchange-spainWhether you’re thinking of making the move to Spain or already live there, it is likely that at some stage you will need to transfer funds into or out of the country. We spoke to TorFX about what services they can offer and how their money transfer service beats that offered by banks.

If you intend to use your bank for these transactions, it’s likely you’ll get a poor rate of exchange and will be charged additional fees for the transfer. You may have already experienced this first hand – only noticing once the transfer was complete that you received a lot less of your money than you had expected!

There is another option. By using a specialist Foreign Exchange company you will have access to highly competitive rates of exchange and fast fee-free transfers. TorFX is one such company – a leading, award winning and fully FSA Authorised Currency Brokerage.

As a registered client of TorFX you will have the added benefit of a personal account manager who can offer guidance on the various options available to optimise the exchange rate you receive whilst protecting against the risk of a negative rate movement. This could involve ‘fixing’ a rate in advance of your transfer, or placing an automatic buy order with your account manager should the rate hit a desirable level. In short, your account manager will work with you to achieve the best rate within your timescale.

As well as lump sum transfers, TorFX also offer a Regular Overseas Payment Service (ROPS) – This allows you to pay a mortgage, bills, wages or any other regular payment into an account anywhere in the world. Just set up the standing order instruction and let TorFX do the rest. This means you get better rates, free transfers, and no need to worry about the hassle and expense of arranging payments each month.

In terms of security, you can be confident that TorFX offers the highest level of safeguarding having undergone the stringent process to become fully Authorised and Regulated by the FSA. All client funds are held in ring-fenced segregated accounts.

Key benefits;

  • Highly competitive exchange rates.
  • Free, fast International transfers.
  • Risk Management and a range of trading options.
  • Secure funds transfers.
  • Segregated accounts.

Open an account with TorFX today – it’s free and carries no obligation.


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