Transferring money euros to pounds

SP2311

Hello,
I currently work in Spain and get paid into a Spanish bank account. I will be in the uk for 2 months, what would be the most cost effective way to spend/withdraw money in pounds?Transfer to a UK account? Or set up a new account somewhere with the capacity to exchange from euros to pounds? Thanks!

venomx

Asda can change euro to pounds, they are the cheapest in town

eDicky

If its only for two months, hardly worth opening a UK bank account if you don't already have one, and transferring directly to one would be the worst option.

With your verifiable Spanish residential address you can open a Revolut account, load euros and have fee free access to your money in pounds (up to £5k/month, 0.5% fee thereafter), conversion at the perfect interbank rate (slightly off on weekends). There's a refund for the card delivery to UK if you apply via the MSE link, but that probably doesn't apply for delivery to Spain.

Alternatively you can probably have a TransferWise Borderless account and debit card as a Spanish resident, interbank rate with 0.5% fee on conversion.

https://revolut.com/

https://transferwise.com/es/borderless/?source=publicNavbar

mgdavid

If you already have a UK account, use a broker service like CurrencyFair or Transferwise to electronicll;y change Euros to GBP and then transfer it to the UK account.

prosaver

Santander has a account, if u use their cash machine abroad you dont get charged commission. .
I got one
!!!9786;