sending money to someone abroad

Just back from holiday, and had a tourguide that I was supposed to pay in cash but it was so busy and there were very few working cashpoints so he just casually said "oh yeah no problem just transfer it online, I'll send my details by whatsapp later"
and he did, but they are not in the form I recognise, no sort code and account number that i'm used to, theres a long IBAN number and some other stuff. 
I've just had a quick look online and its quite daunting theres loads of ones claiming to be free that are likely going to somehow rip me off.
any advice would be good thanks. the amount is 250 euros and the destination is Tenerife

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  • wmb194
    wmb194 Posts: 3,110
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    edited 18 November 2023 at 8:20PM
    Just back from holiday, and had a tourguide that I was supposed to pay in cash but it was so busy and there were very few working cashpoints so he just casually said "oh yeah no problem just transfer it online, I'll send my details by whatsapp later"
    and he did, but they are not in the form I recognise, no sort code and account number that i'm used to, theres a long IBAN number and some other stuff. 
    I've just had a quick look online and its quite daunting theres loads of ones claiming to be free that are likely going to somehow rip me off.
    any advice would be good thanks. the amount is 250 euros and the destination is Tenerife
    Easy with Wise or HSBC's Global Currency account and they give good rates. Another option is Starling. Just enter their name, the IBAN and send it.
  • grumbler
    grumbler Posts: 58,629
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    I think Tenerife is part of SEPA - Single Euro Payments Area, and many UK banks offer free SEPA transfers. If so, you'll be charged only for currency conversion - not much for such a small amount like €250. Hardly worth opening a new bank account specially for this.

  • A few of the currency transfer firms also offer cashback https://www.topcashback.co.uk/category/foreign-exchange/



  • Thanks, I eventually found how to do it with one of my existing banks. I tried Starling first as it was suggested but couldn't find a way I think it's because it's the weekend and the "exchange rate" page is blank and says try on a weekday.
    then I tried my new Barclays using the app and found the international payments section which offered no fee and a rate of 1.111
    was about to use that but didn't have enough in the account so went to Santander online using a PC to transfer to my Barclays, and found the international payments section so I just set up a payment straight from there to the guide. same rate of 1.111 and no fee. I did try Santander on my app first when I was still on holiday thinking a Spanish bank would be the best to use for the transfer but it's not available on the app, or at least I couldn't find a way to do it
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